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 Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 4.375p 4.25p 4.50p 4.375p 4.375p 4.375p 159,697 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 86.8 -3.5 -1.2 - 33.51

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Date Time Title Posts
14/12/201717:11New air of urgency at Shanta Gold25,769
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’-
28/11/201111:23Shanta-
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
14:18:424.481,64373.52O
14:17:154.481,67975.14O
12:13:574.3284,9783,666.80O
11:48:224.325,428234.22O
09:38:084.2550,0002,124.50O
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Shanta Gold (SHG) Top Chat Posts

DateSubject
14/12/2017
08:20
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 4.38p.
Shanta Gold has a 4 week average price of 3.13p and a 12 week average price of 3.13p.
The 1 year high share price is 12.13p while the 1 year low share price is currently 2.63p.
There are currently 765,958,509 shares in issue and the average daily traded volume is 3,008,700 shares. The market capitalisation of Shanta Gold is £33,510,684.77.
10/12/2017
11:00
andypar: The new management are now forecasting $5m annual cost savings and $15m annual reduction in capex. The new new focus on shareholder value and cashflow comes at an opportune time with 1) New higher taxes/fees in Tanzania 2) Most of the cap ex already spent on the underground mine 3) The debt becoming uncomfortablely large No doubt showing positive cashflow will aid in the debt restructuring. The new managed without directly saying so have implied a complete lack of focus and cost control from the previous management. The $5m saving has already mostly been implemented, roughly 10% of Shanta costs. I think this is a good time to invest in Shanta with $30m-$40m (based on POG $1250) of free cashflow forecast to be generated over the next 2 years. I imagine once we see these saving coming through over the next couple of quarters there will be a re rating in the share price. The AISC costs / profit reported over the last few years from Shanta have been completely misleading. As with all companies and particularly AIM ones cashlfow is king. There is no continuity of reporting AISC across different companies. Management like to use figures that show their company in the best light, all companies do this. However No amount of spin can hide c$50m in debt.
09/12/2017
16:57
tgfn: @ AG, i don`t know what you mean with 100 000 000$ discrepancy between AISC and P + L, and don`t understand the purpose of it , since this is like comparing apples with oranges or something like that. The investment case for me is, that it`s very likely, that Shanda is a turn arounder. Additionally, to mine in Tanzania depressed the share price further and the failure to refinance didn`t do any good either (which i think is as well connected with the intransparent situation in tanzania). Like, when i heard of some asset being in Tanzania, i wouldn`t even look at it in the past half year or so. So, why did i buy shares? According to the RMP, they will produce about 80koz/y (about 500koz LOM),with AISC of about 736 and Capex of 68 M$. Without fancy discounting, if i add the Capex to the ounces produced (roughly 500000oz), gives me an extra Capex cost from 68 000 000 : 500 000 = 136$ which has to be added to the AISC (when one adds CAPEX to the AISC, one has to do so of course for all ounces mined LOM). Mind you, a lot of the Capex has already been spent (as far as i can read out of these very fragmentary RNS things) , but leave it that way. So, including Capex, you`ll have AISC = of lets say around 900$. Make it 950$ for safety, and you`ll have a profit from about 300$/oz. Makes about 24 000 000 M$ (80000oz x 300$) a year, minus tax and you should have around 15M$ a year free cashflow. That`s enough for me and pay back the debt. And the Vat refunds should cover the current liabilities. And sorry, i am not an native english speaker, so some things might be a bit bumpy. But i like : we can discuss this until the cow comes home.
07/12/2017
22:13
redhill: No but i did warn he would go into meltdown if the share price started to rise !
06/12/2017
21:57
augustusgloop: Redhill, "I don't ever recall seeing Shanta's share price rising in advance of a placing for what that's worth." -------------------- The most likely time for this placing is either just before Xmas or just after New Year. So - look at about 2-4 weeks before the previous placings to see if there were equivalent rises (ie when they go into overdrive to get mug-punters hooked). I do agree that they are unlikely to find enough people stupid enough to invest - but they may still get a small placing away (enough to tide them through until Easter - when they can hope for the VAT refund).
06/12/2017
18:31
redhill: ag I don't ever recall seeing Shanta's share price rising in advance of a placing for what that's worth. Also they would never get a placing away for the three reasons you mentioned. Also you state that the company have never made money in the last 3 years. More lies.
23/6/2017
15:50
augustusgloop: hazl, was I wrong to belittle SHG at the beginning of 2016???? They made losses in this period and continued to do so into the next period. Yes the share price rose -- because the management misled the gullible mugpunters into believing that they were making profits. Now the Auditors have revealed the true situation and the share price has begun its fall back to a level that is more representative of the TRUE trading position --- there is still a long way to go. The Directors may again convince the mugpunters that things are good and so the share price may rise again -- but in the end, all the losses and the placings will force the share price down to fair value. I believe that fair value MCap here (after the placing) is about £10m. [And even that may look to be generous in a few years.] ---------------- If you look back at my long term record on the Companies that I attacked --- I was often slated for being unrealistically negative -- but nearly every time, the results were actually worse than my pessimistic predictions. Take MML - the Directors were saying that they would increase production from 100k to 200k in 2 years -- I was slated for saying that it would probably take 3 and they would then only attain 140k. Reality - 4 years later and they are at about 80k. Was I really deramping when I underestimated the time and grossly over-estimated their production?
14/6/2017
16:38
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
06/1/2017
19:48
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.
24/10/2016
13:46
338: Ag's troll provides power thrust to SHG share price... :) come on ag... keep pushing SHG to £1 ... lol
05/8/2016
16:30
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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