Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold Limited LSE:SHG London Ordinary Share GB00B0CGR828 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  -0.65 -4.64% 13.35 2,574,628 15:54:11
Bid Price Offer Price High Price Low Price Open Price
13.20 13.50 14.00 13.25 14.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 107.83 28.53 1.48 9.1 139
Last Trade Time Trade Type Trade Size Trade Price Currency
16:30:01 O 7,744 13.494 GBX

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Date Time Title Posts
11/4/202118:29New air of urgency at Shanta Gold40,633
13/2/202111:39Shanta Moves From Explorer To Producer!26
23/10/201510:00Shanta Gold CEO: ‘I have never failed and have no intention of doing so now’-
16/6/201116:30Gold Exploration in Tanzania6,630

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Shanta Gold Daily Update: Shanta Gold Limited is listed in the Mining sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 14p.
Shanta Gold Limited has a 4 week average price of 11.63p and a 12 week average price of 11.63p.
The 1 year high share price is 20.45p while the 1 year low share price is currently 9.25p.
There are currently 1,043,465,532 shares in issue and the average daily traded volume is 5,086,988 shares. The market capitalisation of Shanta Gold Limited is £139,302,648.52.
12string: My average buying price is 11.4p. I've held SHG in and out for over 10 years. Since 2017 my profits are approx 30% of my current investment (which is now about half of what it was 6 months ago). I agree and respect all of Lowtrawler's reasoning, but the main factor influencing sentiment to gold is inflation, or rather the short term prospects of inflation. The US Fed is doing a good job of convincing the market to remain in equities (risk on) and that if the US experience a spike in inflation, it won't be much, and it will be transitory. So that supports the short term commercial shorting strategy on the COMEX causing gold to (net) sell off. Shanta will of course survive all this but it's a small company and whilst there are more sellers than buyers, the price will fall. Its shares are now really cheap, but who's going to buy when the momentum is down. My tactics have always been to ride the up-waves in the price of gold and take profits based on technical analysis. It takes a strong stomach to buy when the share price is low (what if it falls lower???), but that is obviously a winning strategy provided the company is financially robust, which SHG now is. Any price under 12p will I'm sure prove to be a good entry point. But for me, I'm waiting for the whites of inflation's eyes before doubling up. This could well happen in Q2 2021.
risa5: Shanta Gold bosses sell as gold falls Tanzania gold miner had a strong 2020, but is trading lower on weaker gold price Shanta Gold chief executive and finance chief sold 2m and 2.8m shares respectively Company shares down a third this year Gold’s run, and that of gold miners, looks to have paused for now. Shanta Gold (SHG) was one London company to make hay when the precious metal was shining last year. The Tanzania-focused company made it to net cash, completed the purchase of new exploration rights from Barrick Gold (Can:ABX) and announced a 0.10p dividend, to be paid next month. Like other gold miners, Shanta is trading well below its 2020 high because of the weaker gold price. The gold market is undergoing a shift as exchange traded funds (ETF) buyers look elsewhere, according to BMO Capital Markets analyst Colin Hamilton. “Retail gold demand has so far served to keep gold prices well supported even amid consistent ETF outflows and rising bond yields in recent months,” he said. Buying in India and China has kept gold prices around $1,700 (£1,233) an ounce (oz). This is still well above the years leading up to mid-2019, when gold sat around $1,300 an oz. The pull-back is not a surprise, given the continued growth in equities and inflation forecasts. Shanta has guided all-in sustaining costs (AISC) of around $1,000 an oz in 2021, in a year where they are funding the “largest exploration campaign in Shanta’s history”, as per the 2020 results announcement. The company’s chief executive, Eric Zurrin, and finance chief Luke Leslie saw the recent share price around 13p, down from 18p at the start of the year, as strong enough to cash out some of their holdings. Zurrin sold 15 per cent of his holding – 2m shares – at 13.3p, for £272,000. Leslie sold just over a quarter of his holding for 13.2p, netting just under £373,000. Shanta said both men continue to receive “a significant proportion of executive compensation” in shares, and this was the first sale in four years by either Zurrin or Leslie. We think Shanta will have a good year, even if gold prices dip further. Buy at 12p.
chipperfrd: The market is doing what the market does! Best to use it to your advantage. I count around 14 biggish Zig-Zags in the SHG share price over the last two years. So one way to play it is to skim a proportion in 'free' shares over each Zig-Zag cycle and hence reduce your holding costs. That way you can enjoy both upward and downward movements in the share price and still make effective gains irrespective of upward trend.. Of course you have to have a stock with reasonable fundamentals for the above to work. In my view SHG does have an excellent investment proposition - but it realistically needs around another 5 years for the current expansions to fully play out. Like 'Lowtrawler' I have attempted to model the next few years for NL, followed in c. 2023 by Singida, then in c. 2026 by West Kenya. Clearly things can change, particularly with WK, but with US$40m being spent on infill, expansion and technical studies it must surely be likely that the WK scoping study will be significantly improved from the reported US$340m NPV8. Actually, even if it doesn't, it is still an excellent project!! Time will tell and everyone has their own views and methods regarding investment opportunities. Best of fortune however you play it. For me - I will stick with 'playing the Zig/Zags' on this and a few similar PM stocks :-) Chip
lowtrawler: On Target. The SHG price had been hit harder than most miner's prior to the Director's sale and were then hit again with the Director's sale. That has mainly been due to a persistent II selling. On fundamentals, there is no reason for SHG to be sitting at such a low price. Clearly, sentiment resulting from the Director's sales, the II selling and a general weakness in gold has taken our price down. However, at 12p we are trading at balance sheet cash + 2 years cash flow. Unless you are aware of a hidden issue, the sentiment driven reduction appears to have been taken too far.
chestnuts: The VAT At the moment we dont have any debt but shanta are owed $27m if we never get the $27m it will be sad and they will have to write it off, but it would not effect the share price only if it lands in the bank account. And then the share price would rise, at the moment i bet every share holder as written the vat off. Its one of those things shanta have to except with working in Tanzania.
clotted cream: The audit chairman ought to resign, you give the executives massive pay rises and free shares after they pump the share price with managed news flow designed to suck in new money pre and at a placement, not great judgement. Oh wait, he sold all his shares at a much higher share price months ago and is only hanging around for final remuneration.
lowtrawler: kennyp52. The Director's are responsible for running the company, not for controlling the share price performance. The 2 are often not aligned. If the Director's run the company well, the share price will eventually reflect this (subject to outside influences not getting in the way e.g. geopolitics, pog, natural disaster). I am more than happy with what the Director's are doing. Even timing of the placement could be seen as an act of genius - they raised funds near the top of the market, perfect. Obviously, none of us are happy the price has fallen to current levels but when you look at why, it has not resulted from any company failure. We need to look at current pricing as a buying opportunity and wait for the market to properly reflect value in the price.
greggphilips88: Thanks for flagging this On Target. In summary, the presentation by SHG calls out that "Major share price catalysts are expected from between March 2021 to June 2021" as follows: - FY 2020 Audited Results - NLGM drilling results - WK drilling results (interim Phase 1) - Q1 2021 Operational Update - WK drilling results (Final Phase 1) - WK drilling (Phase 2) - Maiden dividend (April 2021) - Convertible Loan Notes buyback ($10m) - Tanzania Exploration Update - Singida construction update - Singida drilling results Given the meaningful % SHG makes up of my portfolios, I'd be happy to see these as share price catalysts, but I'm not optimistic they actually will be. I'll be delighted if that looks a stupid comment come June 21. I'm positive for 3-4 years out, and plan to hold for the long term, but am not expecting that these points will materially impact share price over the next 4 months.
fitton: I've been a big fan of Eric over the last few years and I continued to accumulate shares based on the growth potential of the company and the promise of a dividend to provide a return on the money invested until the next mine was up and running.However, returning 0.1p was quite frankly ridiculous and nothing more than a token gesture.I would have held for 0.25p but sadly there are much better investments out there giving a better return.With $37m in the bank giving back £2.5m would have been a fair return.The share price has hardly gone through the roof, many shareholders will be losing on there investment.After over 18 months I'm break even which is better than many.I've sat on the Shanta investment whilst watching many potential investments double in price since last years crash.I'm sure many would argue Shanta has doubled in the last couple of years, which is true but with the recent fund raising and fall in the share price my average has gone up substantially.Good luck to all holders, I hope your patience will make you a lot of money.
lowtrawler: DTH. There is something not right about how the SHG price responds. As I posted yesterday, the financial ratios scream out bargain. The trading volumes are tiny. Our price held up well last year in the face of sustained institutional selling and there is no similar selling volume at the moment. The gold price and exchange rate are certainly against us just now but not to the extent reflected in the price. In my experience, such undervaluation's are usually a result of an as yet unrealised market concern: Poor management; geopolitical turmoil; over-extended balance sheet etc. In the case of SHG, I can't see any hidden risks which are likely to bite - Tanzania is as stable today as at any point in the recent past. This concerns me because the market is pricing in something to which I am unaware. What is this hidden risk?
Shanta Gold share price data is direct from the London Stock Exchange
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