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Share Name Share Symbol Market Type Share ISIN Share Description
Shanta Gold LSE:SHG London Ordinary Share GB00B0CGR828 ORD 0.01P
  Price Change % Change Share Price Shares Traded Last Trade
  +0.00p +0.00% 4.325p 60,000 08:00:00
Bid Price Offer Price High Price Low Price Open Price
4.25p 4.40p 4.325p 4.325p 4.325p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.52 2.62 0.45 8.9 33.6

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Date Time Title Posts
12/12/201809:18New air of urgency at Shanta Gold27,872
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 (SHG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-12-11 14:15:084.4550,0002,224.20O
2018-12-11 12:43:034.3910,000438.50O
2018-12-11 11:48:464.396,841299.98O
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Shanta Gold (SHG) Top Chat Posts

Shanta Gold Daily Update: Shanta Gold is listed in the Mining sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 4.33p.
Shanta Gold has a 4 week average price of 4.05p and a 12 week average price of 3.90p.
The 1 year high share price is 6.50p while the 1 year low share price is currently 3.90p.
There are currently 777,184,685 shares in issue and the average daily traded volume is 3,233,527 shares. The market capitalisation of Shanta Gold is £33,613,237.63.
rjmahan: Augustus - your argument on this has a lot of logic to me - across a lot of miners. Problem is the management here are only getting paid a couple of hundred grand in salary. They only make money if the share price goes up.
rjmahan: Redhill that's pretty much what Shanta management said. My main concern is getting debt paid, a dividend and ideally a higher share price. I also think VAT will probably be refunded - but it might not be anytime soon.
jc2706: Redtrend, Whilst Lambo does appear to have potential (and the proximity to the existing operation makes it doubly so), personally I prefer to see drill results. I am sure you, like me, have seen many trench results that look amazing only for follow up drill results to be disappointing (I seem to recall one of the most obvious times this was the case was with SOLG's original project which sent the share price from 5p to 80p in quick order on trench results only for the project to fizzle out). Let's see what the drill tells us over the next 12 months. Hopefully the Q4 results will prove as sparkling as the mood music would have us believe and the debt will be further paid down. Who knows, perhaps the government will actually refund the VAT (which would be the most transformative news of all).
jc2706: Singida also looks like a reasonable investment although the 8% discount and gold target prices are not as conservative as I would like them to be. Given the level of cash generation currently and the fact that they are talking about a dividend policy, I would prefer that they either focus on NL, delayed developing Singida and paid a dividend or utilised the capital to develop Singida without a dividend. The fact that they are looking for external financing at a project level (which is going to be difficult and, hence, expensive to get given the investment environment in Tanzania currently) suggests that they cannot do all of it and they would likely end up giving away more of the project profitability at this stage than they would probably like. A dividend policy/distribution would result in a more immediate share price rise at the expense of future growth.
atlantic57: Augustus your comments on Medusa mining proved to be 100% accurate.The share price Absolutely tanked from a very loft position to probably around 10% of the high. On shg though the share price has been trading in a very narrow band for some time now. so what is your time frame for dramatic share price movement.
redtrend: Deja-vu as we touched upon AAZ versus SHG back in September. At that point AAZ was 32p and Shanta 3.5p. Now SHG is 5p and AAZ 36p. Both should do very well with gold over $1,300, but let's see if SHG gets to 10p before AAZ gets to 72p. My money is on SHG (literally), for many reasons. The most obvious way to follow the money is net debt/ cash. AAZ have had a very good 2017, reducing net debt from $34.6m to 18.3m. And yes they report it in the exact same way SHG does and all other miners (Interest bearing loans and borrowings only + Cash, Cash Equivalents). As of their last interims end of June 17, AAZ trade payables were $6m more than their receivables. For Shanta, the focus on Profit rather than changes to net debt/ cash is completely misplaced and disingenuous after a 3yr Capex programme of >$100m. I honestly still don't understand why some are focusing on profit rather than net debt/ cash at this stage in SHG's cycle. It is impossible to know how SHG and its auditors will depreciate assets over the current Mine Plan (Life of Mine) and what decisions/ assumptions they will take based on the planned extension to LoM in future. For those that believed a placing was going to occur, you have relied on a misplaced assumption that past = present and future. That SHG would continue spending Capex at New Luika at the same rate. 2018 will be the year the market comes to realise this is not the case and the share price will adjust accordingly, barring any external influences.
augustusgloop: How much would a gold miner in Tanzania making £5m a year profit be worth? Given the political uncertainty and the usual P/E ratios of AIM miners - a PE of about 5 would be reasonable - IF the company had little debt and didn't have to soon spend a huge amount on CAPEX. Thus, such a company would be expected to have a Market Cap of about £25m. ------------- SHG has a Market Cap of about £43m Makes a LOSS of about £5m Has a load of debt Needs to spend a huge amount on CAPEX over the next 12 months. ------------- Inevitable conclusion: Unless the POG hits $1,600 quickly --- there is a lot of downside risk for the SHG share price. SELL SELL SELL SELL SELL
atlantic57: ag The audited accounts can be the only reasonable guide for any analysis in my opinion. However i suspect that Shg share price preformnance like many junior miners is going to be linked to the price of gold even though they have hedged substantial portions of gold production.
338: Ag's troll provides power thrust to SHG share price... :) come on ag... keep pushing SHG to £1 ... lol
nielsc: Hazl,Exactly. My buys in the 4 and 5p range have done very well. Bought quite a few higher, but overall happy with SHG progress.I believe we are in a gold market bull and SHG share price should start to reflect this as they become less hedged.Perfect gold and silver slam today on do doubt ropey data.Cheers,Niels
Shanta Gold share price data is direct from the London Stock Exchange
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