Shanta Gold Share Price. SHG - Stock Quote, Charts, Trade History, Share Chat, Financials. Shanta Gold Limited

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Shanta Gold Limited (SHG)
Shanta Gold Limited (SHG) Share Price

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
	-0.125	-1.09%	11.375	596,756	10:47:27

Bid Price		Offer Price	High Price	Low Price	Open Price
11.25		11.50	11.50	11.375	11.50

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
Gold Ores	114.06	-2.30	-	-	119.60

Last Trade Time	Trade Type	Trade Size	Trade Price	Currency
11:37:11	O	96	11.425	GBX

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Shanta Gold (SHG) Latest News

Shanta Gold News

Date	Time	Source	Headline
22/5/2023	13:52	ALNC	IN BRIEF: Shanta Gold restarts drilling; Singida delivering targets
22/5/2023	07:01	UKREG	Shanta Gold Limited Appointment of Independent Non-Executive Director
22/5/2023	07:00	UKREG	Shanta Gold Limited 2023 Group Exploration Update
04/5/2023	07:00	UKREG	Shanta Gold Limited TR-1: Notification of major holdings
28/4/2023	15:17	UKREG	Shanta Gold Limited Results of 2023 AGM
24/4/2023	16:28	ALNC	Shanta Gold chief executive to step down, gold production down
24/4/2023	07:01	UKREG	Shanta Gold Limited CEO Transition and Directorate Appointment
24/4/2023	07:00	UKREG	Shanta Gold Limited Q1 2023 Production and Operational Update
12/4/2023	07:00	UKREG	Shanta Gold Limited Publication of 2022 Sustainability Report
04/4/2023	07:00	UKREG	Shanta Gold Limited Dividend Timetable Confirmation

More Shanta Gold News

Shanta Gold Investors Shanta Gold Takeover Rumours

Shanta Gold (SHG) Discussions and Chat

Shanta Gold Forums and Chat

Date	Time	Title	Posts
30/5/2023	11:53	Shanta aiming to be a mid tier producer of Gold by 2023	8,270
19/5/2023	10:33	Shanta without the trolls	45
06/2/2023	21:46	New air of urgency at Shanta Gold	42,763
15/7/2022	17:21	Dividend day	-
01/9/2021	20:23	Shanta Gold Ltd	194

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Shanta Gold (SHG) Most Recent Trades

Trade Time	Trade Price	Trade Size	Trade Value	Trade Type
10:37:12	11.43	96	10.97	O
10:28:42	11.28	300,000	33,831.00	O
10:13:41	11.43	17,470	1,995.95	O
09:47:29	11.44	5,078	580.92	O
09:47:28	11.44	8,000	915.20	O

View all Shanta Gold trades in real-time

Shanta Gold (SHG) Top Chat Posts

Top Posts
Posted at 22/5/2023 04:14 by trader465 “if there was any historical evidence that less shares outstanding meant the share price would increase, the management would obviously do a reverse stock split and reduce the amount of shares - they’d look like geniuses overnight with virtually no effort involved” Why would they look like geniuses? If SHG did a 1-100 reverse split, there would be 100m shares in issue at 110p each, but holders would lose 90% of the number of shares they hold so there would be no change in monetary value of holding or benefit to existing holders. An investor who bought 10,000 shares at IPO (25p) would have invested £2,500, today those 10,000 shares are worth £1,100. Following a 1-100 reverse split the investor would hold 1000 shares at 110p. They would be worth the same £1,100 and the investor would be sitting in the same 56% capital loss. A reverse split wouldn’t benefit existing holders as the dilution damage has already been done. Read Full Thread Follow Reply
Posted at 16/5/2023 11:52 by randompath SHG have the opportunity to get the megaphone out about cash generation as well, given that they will soon be clear of remaining hedges. From the last FS there were 8 Koz hedges covering the period January to June 2023 between US$1,600–1,950 /oz, and 7 Koz hedges covering the period January to April 2023 between US$1,725–1,756 /oz. They explicitly stated "No additional hedges will be added", so this will be a nice step up in cash generation from around now. Additionally, I find it curious how posters on the Hummingbird Resources board compare HUM with SHG. Firstly they are comparing market cap instead of EV - SHG has a materially lower debt load. Secondly, they refer to production with limited consideration of risk - SHG's production looks largely derisked, whereas imo HUM's is not (HUM have not yet fully commissioned their new mine, their existing mine in Mali will exhaust it's primary pit shell this year, and HUM have a terrible record of big AISC misses). Thirdly, the resource and exploration portfolio of SHG looks much more attractive both in terms of geography (a lot of HUM's resource is in Liberia) and grade, with SHG's WK resource in a region of Tier-1 gold mines along with a discovered resource delivering world-class grades with 2020 scoping study showing a conservative post-tax IRR of 110% at $1700 gold price. I am firmly of the view that SHG remains a highly attractive target for a mid-tier operator looking to enter East Africa. Read Full Thread Follow Reply
Posted at 12/5/2023 14:05 by lowtrawler RH, it will vary from forecast to forecast but generally they use a gold price that is intended to be conservative. For every $100 difference in the gold price, a 100k producer will have a $10m difference to sales and pre-tax profits (assuming they don't use the revised gold price to alter grade mix and ignoring royalties). Anyone invested in gold-miners needs to have a good understanding of how the gold price will alter profitability. If the market believes the gold price has permanently moved by $100, it can have a material impact on the share price Often mining SP's are sticky and don't immediately follow fluctuations in gold pricing while the market waits to see if the price movement is temporary. At the moment, I believe we are priced on gold at $1900 - $1950. If gold breaks 2000, I can see the share price moving to reflect a price of $2050 - $2100 which should add 3p. Read Full Thread Follow Reply
Posted at 11/5/2023 07:43 by randompath @trader - Firstly, the remuneration paid is broadly in-line with the median remuneration paid to CEOs of other listed companies with similar market capitalisations in the sector. If you are advocating paying materially less, I would suggest the talent pool with the requisite experience to grow a multi-national mining company would be much diminished and key-man retention would become a major problem. Secondly, what difference does it make to shareholders what the directors are paid, provided that the amounts are broadly in line with industry norms? As an investor, surely you are mainly concerned with your personal investment returns, which have been excellent since Zurrin's appointment as CEO on 3 August 2017 and have been way ahead of inflation (>200% share price gains)? It's good to see that you have dropped your previous non-sensical argument that "SHG won't see big share price gains simply because there are too many shares in issue". Perhaps you should now make a personal effort to make a constructive and intelligent argument why the fees paid to directors since 2017 are problematic, rather than pose nebulous questions such as "does this not seem excessive?" which can be easily refuted by a simple review of similar companies' remuneration policies in conjunction with Shanta's strong share price appreciation over the period. Read Full Thread Follow Reply
Posted at 09/5/2023 11:30 by lowtrawler No problem seagreen. It is my view that our fair value share price would be somewhere between my 2 valuations above, i.e. 18p - 26p. The difference between our current share price and fair value can be mainly assigned to sentiment but part of the gap will be closed once Singida operating plans are announced this quarter. If we deliver against plan for the remainder of this year and if we get a replacement CEO who is well regarded, I believe sentiment will turn positive and we will move into the fair value range. This can only be helped once we deliver WK feasibility. I would like to think we will be over 20p without any assistance from bid interest. However, I do still expect potential bidders to start building stakes in the last half of this year and for bids to follow delivery of WK feasibility. If this happens, we could move over 25p pre-bid. PS: I reckon each $100 movement in price of gold alters our fair value share price by 2p and so if gold were to move to my target of $2300, fair value would become 24p - 32p. PPS: I reckon bidders would not want to pay more than fair value for Tanzania but would be willing to pay at least a 5p premium to fair value for WK, possibly much more. If correct, it would create a bid range of 23p - 31p at 2000 gold with prospects for more. Read Full Thread Follow Reply
Posted at 06/5/2023 11:12 by mrsimmons The share price was 20p ten years ago and it’s now 10. I’m talking about the hedges they took out 5/6 years ago which cost them an absolute fortune. The vat, the delays, the production misses year after year, the cost creep on the All in cost. That’s why even with gold at 2050 this dog is at 10p. Now the ceo has resigned forfeiting all his ltips Yet there are investors on here thinking this is going to 30p. They obviously know more than the CEO then. As I’ve said many a time - miners of this scale only make money for the directors, the employees and the Tanzanian government. There will be another dilution coming when they want the money for Kenya. That’s the only time they engage with shareholders - when they need money. Lol. May '23 - 08:56 - 7847 of 7879 0 5 0 MrS - you do realise that the share price has appreciated >+250% since Eric took the helm? Hard to say the share price has gone nowhere. What is the basis for you to say that SHG is now paying for mistakes made over the last 10 years? Indeed, we're coming off the last remaining hedges and SHG have stated they have no plans to instigate new hedges any time soon, so I would counter that now is the time that now is the time shareholders will begin to reap the true benefits of the work Eric has delivered. To say this is no better than any other gold miner misses the point that SHG have the world class WK assets which they have expanded considerably since their opportunely timed acquisition from Barrick. Read Full Thread Follow Reply
Posted at 05/5/2023 12:08 by lowtrawler FWIW, I believe that had everyone been aware of the declining output and increasing AISC at NLGM in 2020 (which was clearly in plan but never communicated), the share price would not have touched 20p and likely have peaked at 16p. However, the placing for WK development would then have been more dilutive. Compared to that point in time, we now have Singida up and running. We are near to feasibility for WK and pog is strong. We also have the prospect of a bid rumbling away in the background. In combination, we should be at a higher share price than we were back then and it can only be sentiment holding the price back. On a comparable basis, we really should be in high teens or even knocking on 20p. To be sitting at 12p is a massive discount and I believe unjustified. Read Full Thread Follow Reply
Posted at 05/5/2023 10:49 by lowtrawler All the company can do is deliver against plan. The share price is not controlled by the company. If you look at the reason our share price has fallen from 20p over the last 2.5 years, you can determine whether blame should rest with management: 1. Just at the point NLGM grades peaked and the share price peaked, Shanta did a share placing for WK development. The subscribers almost immediately felt duped as NLGM performance dipped. The future expectations for NLGM had not been adequately explained at the time of the placing. 2. An unexpected rock face at NLGM severely curtailed production for a quarter. 3. A local supplier provided explosives that wouldn't explode, curtailing production for a number of weeks. 4. There is a lack of transparent communication. In Q1 this year, we had comments about a record January and silence about the poor February. These issues led plan to be missed in 2021 and we only got to the low end of plan in 2022. You can argue the rock face and emulsions were bad luck but the lack of transparent communication rests with Shanta. Read Full Thread Follow Reply
Posted at 05/5/2023 08:56 by randompath MrS - you do realise that the share price has appreciated >+250% since Eric took the helm? Hard to say the share price has gone nowhere. What is the basis for you to say that SHG is now paying for mistakes made over the last 10 years? Indeed, we're coming off the last remaining hedges and SHG have stated they have no plans to instigate new hedges any time soon, so I would counter that now is the time that now is the time shareholders will begin to reap the true benefits of the work Eric has delivered. To say this is no better than any other gold miner misses the point that SHG have the world class WK assets which they have expanded considerably since their opportunely timed acquisition from Barrick. Read Full Thread Follow Reply
Posted at 05/5/2023 07:20 by randompath @trader - quite frankly that entire post is nonsense. The number of shares in issue is not correlated to potential gains and, in any event, the number of shares can be modified by way of a straightforward share consolidation or share split if deemed necessary by management. Clearly if your point held any substance, then many more companies would simply consolidate their shares to benefit from "big share price gains" to use your words. Suggesting the wheels are just about to fall off the bus seems at odds with the fact SHG continues to deliver reasonable AISC from its producing mine, has just commissioned its second mine on-budget, and has a Kenyan resource with world-class grades, along with near all-time high gold prices. Read Full Thread Follow Reply

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