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% 5.70p 1,115,543 07:39:14
Bid Price Offer Price High Price Low Price Open Price
5.60p 5.80p 5.70p 5.70p 5.70p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.5 2.6 0.5 13.2 44.30

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Date Time Title Posts
22/4/201816:50New air of urgency at Shanta Gold26,699
06/10/201619:40Shanta Moves From Explorer To Producer!22
23/10/201510:00Shanta Gold CEO: ‘I have never failed and have no intention of doing so now’-
16/6/201116:30Gold Exploration in Tanzania6,630

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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 5.70p.
Shanta Gold has a 4 week average price of 4.75p and a 12 week average price of 4.75p.
The 1 year high share price is 8.75p while the 1 year low share price is currently 2.63p.
There are currently 777,184,685 shares in issue and the average daily traded volume is 1,434,519 shares. The market capitalisation of Shanta Gold is £44,299,527.05.
neg: I'm afraid augustusgloop does not have a clue about reading financial statements. If you are looking at cashflow, cash on its own does not tell the whole story. Yes, cash fell by $1.9m, but what about gross debt? It fell by $3.8m! Net debt is the key figure ie gross debt less cash and this fell $2m in the period. As for your view on how cash fell it is far too simplistic and if you are looking at working capital you can't ingore stocks. The important figures regarding cash, are operating cashflow which includes changes in working capital and this was plus $7.1m, capital expenditure, and other significant areas of cash outflow such as taxes etc and net debt. Overall the figures are encouraging and this is reflected in the share price movement today.
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.
jc2706: Excellent report. Even though they slightly missed production guidance (the first time I can recall), it is good that they have confidence enough in the profile to up the guidance for the year and to talk about a dividend policy in Q4. Need to ensure that the production profile is maintained so I am looking for 20k+ ounces each quarter from here in, associated with decreased capex (now that Singida is on hold) and a significantly decreased debt level quarter on quarter. Such a reduction in debt should be translated into like for like share price appreciation at the minimum. Two caveats to this scenario - Tanzanian politics and gold price. I have taken my filter off of AG temporarily in anticipation of his humorous response. I suspect it will go back on shortly after.
jungle jim: Augustusloop goes on holiday, the share price almost doubles. He comes back and... Shall we have a whip round and offer to pay him to go on holiday again?
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.
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?
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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