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
  0.35 3.38% 10.70 1,482,479 13:22:32
Bid Price Offer Price High Price Low Price Open Price
10.50 10.90 10.75 10.25 10.35
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 81.40 10.30 0.81 13.5 84
Last Trade Time Trade Type Trade Size Trade Price Currency
16:04:49 O 1,000 10.5155 GBX

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Date Time Title Posts
18/1/202022:33New air of urgency at Shanta Gold32,378
06/10/201618:40Shanta Moves From Explorer To Producer!22
23/10/201509:00Shanta Gold CEO: ‘I have never failed and have no intention of doing so now’-
16/6/201115:30Gold 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 10.35p.
Shanta Gold Limited has a 4 week average price of 9.30p and a 12 week average price of 7.80p.
The 1 year high share price is 11p while the 1 year low share price is currently 4.65p.
There are currently 787,303,086 shares in issue and the average daily traded volume is 1,648,873 shares. The market capitalisation of Shanta Gold Limited is £84,241,430.20.
trader365: JC - $6m refund?? I think your calculator needs a new battery. I only see $4.8m in 2 years. Over the same 2 years Shanta has paid over $14m in VAT, so the debt has grown by over $10m and is growing by $600,000 a month. "VAT refund of US$1.4 million in the form of a cash payment" Https:// "VAT refund of US$3.4 million, which is made up of a US$1.9 million offset against corporate taxes payable in 2016 and 2017 and a cash payment to the Company of US$1.5 million" Https:// "Monthly VAT outgoings have been reduced to approximately US$600,000 per month and maintaining a lean business has been key to dealing with these continued cash outflows" Https://
jc2706: Juju, You need to look beyond your 1 hour timeframe. AIM investors are hardly the most patient or smartest investors so some tend to sell when the share price doesn't go up dramatically on news. SHG has never been one of those shares to double overnight but it will rise as the VAT situation is resolved, debt eliminated and cash produced.
jc2706: I suspect that the company is doing all it can to recover the VAT but there is no way of 'getting on top of the issue' that doesn't involve the compliance of the government. The implicit suggestion here is the withholding of VAT payments. I would sell immediately I saw such an action as it would provoke a response by the government that would be catastrophic to the company. There are no doubt a number of factors affecting the SHG share price but one of them may well be an improving prospect associated with resolving the VAT issue. When the price went to 3.5p there is little doubt that the market thought it highly unlikely that the money would be returned. I suspect that the market thinks that the current situation is somewhat better. It is sentiment such as this that allows the positive benefits such as a rising gold price to be reflected in the share price.
trader365: I agree there are various factors why the share price is up 100% over the year, the most obvious being the rising price of gold, as evident by the July breakout in SHG coinciding with the July breakout of the gold price. It's certainly not up 100% due to the pricing in of 'non' payment of VAT. Withhold your council tax, income tax or car tax payment from the UK government and see how swift you're dealt with :-) Zurrin needs to get on top of the issue asap, SHG could be debt free if the government pay their debt.
trader365: The share price rise in SHG since end of 2018 has been driven by the rising gold price during the same period, it's nothing to do with VAT refund.
fitton: Shanta is not gold price driven at the moment purley because of the size of the forward hedge but they will be sometime after May this year.Its more than possible the company could pay at least a 1p dividend per share this year which is currently a 10% yield.I am hoping for the share price to move up to the 18-20p range before the end of the year.
redhill: It can't be a surprise that the price of Shanta is rising. In addition to the rising price of gold there will be invariably a rise in the share price as the Company pays down its borrowing and heads towards being cash positive. Aside from the obvious benefit repayments of VAT will provide, Shanta will be able to increase exploration drilling and repay shareholders with dividends /share buybacks or perhaps both. Happy days !
meanreverter: Chestnuts Perhaps a better performance metric for directors' bonuses would be total shareholder return. If investors prefer dividends to buybacks, they will reward the company with a higher share price for satisfying their preference. If the company gears up (for buybacks or other purposes), the share price will suffer if investors do not like it. Regarding debt, IMHO, the move to higher levels of gearing in recent years is more to do with record-low interest rates than with directors attempting to manipulate share prices. Spending the borrowed funds on buybacks may achieve better value for the company than acquisition (which typically demands a premium) or capital expansion to add output for which there is no demand in the presently stagnant economy.
chestnuts: meanreerter Any company spending there spare cash on their own shares need all the directors sacking, as in most companies directors salaries are normally linked to the share price. And they are working against market forces or there share price would be alot higher. IF I WAS THE FSA I WOULD BAN BUY BACKS.
risa5: MIDAS SHARE TIPS: Miner Shanta Gold could give your portfolio a rich seam of profits By Joanne Hart for The Mail on Sunday Published: 22:02, 7 December 2019 | Updated: 11:27, 8 December 2019 Gold is on a roll. The price has risen 20 per cent over the past year to $1,478 (£1,137) per troy ounce and the outlook is fair. At the same time, the gold mining market is consolidating, as big operators snap up smaller ones both here and overseas. These benign conditions have given many gold miners a bit of a boost. But some remain stubbornly undervalued, including Shanta Gold, based in Tanzania. Gold has been mined in Tanzania for more than 100 years. The country is known to have some of the best deposits in the world and giants of the gold industry have been working there for decades. Tanzania was also thought to be a relatively stable place to mine – until a dispute erupted in 2017 between the government and AIM-traded firm Acacia Mining. The fracas savaged Acacia’s share price and cost the firm its independence. Barrick Gold, a seasoned operator in Africa, bought the business in September and the row was quickly settled. Shanta Gold was caught in the crossfire and the shares plummeted when Acacia’s woes became public. Recent performance has been strong but, at 8.25p, there is still plenty of potential. Over the past two years, Shanta has been steadily reducing costs, cutting debt, extending the life of its mine site and focusing on shareholder returns. The strategy is largely down to chief executive Eric Zurrin. Originally an investment banker, Zurrin has spent years in the mining industry and was parachuted into Shanta on various occasions to help out before being offered the top job in 2017. Under Zurrin’s stewardship, there has been a forensic focus on efficiency. The workforce has been cut by 35 per cent, with many overpaid ex-pats kicked out and replaced by locals. Even the amount spent on meals for miners has been cut by 40 per cent, as Zurrin replaced expensive South African caterers with an in-house local team. These relatively simple steps have helped Shanta to lower production costs and thereby boost cash flow over the long term. The group’s flagship New Luika mine has been in production for the past seven years and it is expected to deliver around 82,000oz of gold this year. Shanta’s exploration licences cover an area roughly the size of Greater London and it is using the latest mining techniques to find more sources of gold. Annual production is relatively stable but the more gold that is discovered, the longer the mine can continue to operate. Results have been extremely encouraging so far and more discoveries are likely to be announced in the short and medium term. As cash flow increases, Shanta’s debts are coming down. Previous management borrowed heavily and debts were uncomfortably high. Now they have fallen to $21million and Zurrin expects to be able to pay off creditors completely by next year. With no debts and cash in the bank, Shanta is likely to look at acquiring assets from larger rivals – mines in Africa that are a little too small for big players to operate. Talks are ongoing and there are a number of potential opportunities. Dividends are on the cards as well, not least because Zurrin and other managers are shareholders too and incentivised to make this business work. Shanta is not immune from policies introduced by President John Magufuli, including a move to rein in VAT refunds owed to companies across the country. Shanta itself was owed $28million in refunds and City analysts had largely written off that cash. But the situation has begun to change. The group received $1.4million in November and the rest of the money should be repaid in the coming months. Zurrin is in regular contact with policymakers and relations are good. The company pays its taxes in full and on time and there is a real emphasis on community engagement, employing local workers and using local suppliers. Shanta is also mindful of environmental considerations. The Luika mine is in the middle of a forest reserve, leopards, hippos and monkeys live alongside the miners and any damage to the land is swiftly addressed. Midas verdict: Shanta shares have suffered from the Acacia effect, fears about local political risk and concerns about its debt pile. These worries have been overdone and the shares, at 8.25p, should see a material uplift in the months to come. Gold’s prospects are good, Zurrin is doing all the right things to drive production and reduce costs and there is always the chance of some bid action. Buy. Https://
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