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SHG Shanta Gold Limited

0.00 (0.00%)
24 May 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 14.76 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Gold Ores USD 114.06M USD -2.3M USD -0.0022 -67.09 155.2M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 14.76 GBX

Shanta Gold (SHG) Latest News

Shanta Gold (SHG) Discussions and Chat

Shanta Gold Forums and Chat

Date Time Title Posts
23/5/202415:36SHANTA GOLD- The focus is East Africa2,281
06/4/202411:20New air of urgency at Shanta Gold42,860
05/4/202400:36SHG Shanti Gold - Dark Verse 597
25/3/202422:55Shanta without the trolls120
12/12/202313:28Shanta aiming to be a mid tier producer of Gold by 202311,817

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Shanta Gold (SHG) Most Recent Trades

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Shanta Gold (SHG) Top Chat Posts

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Posted at 25/5/2024 09:20 by Shanta Gold Daily Update
Shanta Gold Limited is listed in the Gold Ores sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 14.76p.
Shanta Gold currently has 1,051,467,684 shares in issue. The market capitalisation of Shanta Gold is £155,196,630.
Shanta Gold has a price to earnings ratio (PE ratio) of -67.09.
This morning SHG shares opened at -
Posted at 20/5/2024 16:24 by napoleon 14th
6 months ago SHG were c.9p, so a total of 15p/share (div incl) isn't bad at all.
Add to that Odey's sell off due to Crispin's WHT (wandering hand trouble - the most ridiculous reason to dictate investment policy IMO) which sank the share price, the T/O price was silly cheap as a result, so there's little to regret other than the "Me too" influence.

Anyway, they've delisted today so the final question is when does the cash arrive...
Posted at 02/4/2024 14:49 by lowtrawler
MF, a well run Shanta is definitely worth 20p+ and, at current pog, probably 25p+

Absent the bid, I think we would probably have seen the share price rise to over its current level and be on an upward trajectory. If the bid fails and the current BOD are replaced with competent individuals, we can reasonably expect these price targets to come into focus. I remain convinced Shanta is a good long-term investment. I'm sure this is why we are all opposed to the bid and want it to fail.

IMV, any weakness in the share price following a failed bid would be akin to riding out the Odey storm. Something unavoidable causing price weakness but doesn't change the fundamentals of the business. The only caveat is a need to replace the current Board with competent individuals.

If the bid fails, I will not be looking to immediately build my holding back up to previous levels. I will wait for the replacement Board and try to avoid what I believe will be a volatile period.
Posted at 25/3/2024 12:18 by theapiarist

Whilst you and others have been "sitting on your investment in SHG" gaining perhaps 7% in the last 4 months, other mining stocks have been rising by multiples of that figure.

The Patels have effectively frozen the SHG share price in aspic, rubbing their hands in glee as the value of the company rises to much more than the 15p that they may get it for.

Meanwhile, the gold bandwagon has left the station leaving many SHG investors stranded on the platform.
Posted at 17/3/2024 12:20 by chestnuts
Here some thing which is shocking especially when you look back at when the chinese aproached Shanta, the share price was 9p gold was $1645, and the share price rose to 13.5p, so what was the bid then 15p or 16p,
Now the share price as been up to 14.3p and gold $2155 so they need to raise there offer in to the 20s before its accepted.

I cant help think the Chinese have knackered the board.
Posted at 13/3/2024 15:22 by chestnuts
THe mid share price is 13.9p at the moment if we divide this by 58 we get 23.96p, now i would say the Patels have been put in their place by the major shareholders and they could have agreed 24p, with this in mind it would be time to buy.

And this could be why the Hedge funds are not buying in quantity

How can shareholders benefit from takeovers?
Shareholders in listed companies are generally offered a premium for selling their shares. Ashurst reports that the average bid premium was 42% in 2021. Meanwhile, shareholders in aerospace supplier Meggitt hit the jackpot with a 71% premium offered by US competitor Parker Hannifin.

However, by their nature, company takeovers often occur when the share price is relatively depressed. As a result, some shareholders might have preferred to wait for a recovery in the future share price.
Posted at 13/3/2024 08:41 by chestnuts
When a bid comes in and fails the share price normally goes back to where it came from the day before ie shanta was 12.65, but because the Hedge funds came in and swallowed all who were going to sell ie all the traders and more the share price never fell back but as every one can see as risen and will continue to rise, and will catch up with the gold price , happy days. As i have said before WHO IS GOING TO SELL, and now the share price is continueing for the same reason.
Posted at 08/3/2024 03:39 by lowtrawler
IMV it is possible the price will increase beyond 13.5p if the hedge funds buy at those higher prices. It would indicate to other investors a forthcoming higher bid.IMV it is not sensible to buy at current prices unless you believe there will be a higher bid. In the event that the bid disappears there will be many short term investors looking to sell. The entire board will need to be replaced and the absence of competing bids will suggest there is no near term prospect of another bid arising. Logically, the bid will have been rejected for undervaluing the business and the higher gold price would likely support a share price of 20p+ but the immediate impact of a failed bid will be a sharp reversal in the share price If you don't believe there will be a successful bid, now is not the right time to buy as you can reasonably expect to buy cheaper following the failed bid.The only argument against this position is to believe the hedge funds are not currently accumulating in response to the bid but because they see the 20p+ fair value and intend to hoover up any shares being sold. If so, it would be the hedge funds appetite supporting our current share price and nothing to do with the bid. This is the view being expressed by chestnuts but it is not a view I share.There is no certainty here. If you believe the bid is supporting the share price and believe a higher bid will succeed, you may want to buy. If you believe the bid is not driving the share price and it is hedge fund appetite, you may want to buy. If you believe the bid is supporting the share price and will fail, you may want to sell. Only you can decide what you believe.
Posted at 07/3/2024 20:30 by chestnuts

What you dont understand is when as the hedge funds piled in at just below the bid price and quite happy to soak up maybe 10% of the company, knowing that they wont be able to sell en mass with out making a loss, and the reason and its a no brainer we are in gold bull market Shanta is dirt cheap, and they dont want and wont sell for a measily 2p profit they might over 18p but with gold going up it could be 20p now, and the idiots who have sold and are still selling have only them selves to blame instead of following the money. And if the deal doesnt go through even better as the share price will go up as i have said before the little guy and thats you will buy back in and push the share price up.
Posted at 05/3/2024 21:18 by stevea171
TheApiarist. I held 2 million plus SHG but have reduced to 250k now as I believe the gains to be made here are very limited whereas the gains on selected under valued goldies in this gold price take off is multi bag territory.

I placed some of the funds released into SRB and THX.

........... Mkt Cap Sp Today Sp 1 week.

Serabi SRB. £42 million 56p. +16%. 40k oz producer this year, 60k oz next year, no net debt.

Thor Ex THX. £88 million 13.5p. +32%. 100k oz producer, no net debt from H1/24.

Shanta SHG. £140 million 13.3p. +1.9%. 100k oz producer.

So the possible 12% gain going back into SHG over the next 4 weeks (15p revised offer) can be made in a few days if good choices are made in alternatives.
There is no way I'll be repurchasing the SHG shares I've sold as I'm much better off in the alternatives which have good prospects, massively under valued sp's and are likely to outperform SHG by a country mile!
Posted at 28/2/2024 17:11 by chestnuts

The reason why Sanmsom could only nuying shares and not cfd is because you cant vote with cfd .

I thought of this before say the hedge funds and Institutes could not buy enough shares on line with out moving the price and complain to the company, well a long comes a bid from its founder Mr Patel and offers to buy the company at 13.5p, and all shareholders go what the F++K , but the little shareholders sell out and the hedge funds start buying as the share price is held at roughly 13.2p ish, and then we get the result and hopefully i am correct and the bid fails and Mr Patel then says sorry i dont want to buy the company after all, and then the little share holders rush back to buy back in and the share price shoots up to 24p.

And then i woke up!!!!!
Shanta Gold share price data is direct from the London Stock Exchange

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