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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
  0.50 5.29% 9.95 3,804,151 16:23:39
Bid Price Offer Price High Price Low Price Open Price
9.70 10.20 9.95 9.40 9.45
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.59 0.74 -0.44 104
Last Trade Time Trade Type Trade Size Trade Price Currency
16:32:27 O 100,000 9.90 GBX

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Date Time Title Posts
05/12/202200:06New air of urgency at Shanta Gold42,667
04/12/202212:16Shanta aiming to be a mid tier producer of Gold by 20234,672
15/7/202216:21Dividend day-
01/9/202119:23Shanta Gold Ltd194
01/9/202119:21Johnwise has lost his marbles !!49

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Posted at 04/12/2022 08:20 by Shanta Gold Daily Update
Shanta Gold Limited is listed in the Mining sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 9.45p.
Shanta Gold Limited has a 4 week average price of 9.25p and a 12 week average price of 8.75p.
The 1 year high share price is 13.50p while the 1 year low share price is currently 6.63p.
There are currently 1,043,465,532 shares in issue and the average daily traded volume is 3,062,529 shares. The market capitalisation of Shanta Gold Limited is £103,824,820.43.
Posted at 01/12/2022 15:16 by herpes free now
Master rsi We can cherry pick prices of any stock to show a share price rise, but the reality here is greedy directors have destroyed shareholder value when they should have been creating shareholder value. I’m not lying, all the figures I posted are in the annual reports. I’m surprised nobody else has questioned the massive dilution and huge director pay increases. I’ve never before seen a director awards himself a 670% pay increase over 4 years. Pure greed paid for by shareholders.

Juju price isn’t expected to rise, they issued almost 200,000,000 shares in 2021 which is 20% of the market cap

How many shares will be in issue next year? 1.5 billion and more the year after and a future dividend of 0.000000001p per share??

Posted at 01/12/2022 08:01 by herpes free now
As said, it’s based on the above dilution and lack of profitability. SHG has been a zombie company since it started production. The market cap has remained static ie no shareholder value has been created in 9 years, this is reflected in the share price.

Market cap in 2013 was £92m, today, 9 years on it’s still at £99m due to shareholder value being destroyed by dilution and greedy directors.

2013 - Shares in issue 462,728,634 share price hit 20p back then the market cap was £92m

2021 - Shares in issue 1,047,788,576 share price 10p the market cap is now £99m

Also compared to its peers Ev/RVal the chip thread SHG is not cheap at all, there are far better gold plays out there.

Costs this year will rise with inflation and SHG will disappoint once again, meanwhile the directors are awarding themselves huge salary and bonus increases.

From memory Eric Zurin was earning £120k in 2017, his salary and bonuses has now increased by x10 to $1m while shareholders have seen losses caused by dilution.

Director greed and dilution is a huge red flag here.

I have nothing against shareholders, it’s just my view of the company, I could be wrong of corse, time will tell.

For what it’s worth I hold ALTN for my gold exposure, $20m profit and £20m market cap there makes SHG look very expensive in comparison, yes there’s jurisdiction risk but no more the SHG.

Posted at 01/12/2022 06:13 by herpes free now
The reason why SHG share price wont rise is because Eric Zurin has destroyed shareholder value by continually issuing huge amounts of shares. The company is obviously a zombie and only surviving by issuing shares.

2013 - Shares in issue 462,728,634
2014 - Shares in issue 464,302,763
2015 - Shares in issue 464,388,679
2016 - Shares in issue 541,157,213
2017 - Shares in issue 679,437,723
2018 - Shares in issue 776,599,071
2019 - Shares in issue 785,971,533
2020 - Shares in issue 850,274,078
2021 - Shares in issue 1,047,788,576

£50m dilution in eight years says SHG is not making money

Posted at 29/11/2022 11:17 by herpes free now
“expanding as required in subsequent years but initial capital costs held low”

How were costs low? SHG issued £50m worth of shares, shareholders have paid the price with huge dilution.

WK is a decade or more away, by then there will be at least another billion shares issued halving the share price again.

Posted at 25/11/2022 11:45 by lowtrawler
A lot of good discussion taking place. Always useful to have different views. Until now, SHG has been a one mine company. It has left them vulnerable to production setbacks and reconfiguration as they move between ore sources. The reality is, NLGM is a mixture of small ore bodies that will lead to volatility in earnings.

Singida should provide reliable earnings over the next 3 or 4 years followed by reconfiguration. Between them, NLGM and Singida can be managed as reliable cash cows.

Growth is going to come from WK. We will not have an accurate view of how this will impact profitability until late next year and even then it will only be a partial picture.

As cash cows, I believe NLGM and Singida can be managed to provide £40m of annual average attributable cash flow for the next 5 years or more. This is based on $1750 gold and current exchange rates. IMV, that should justify a share price of 16p for just our Tanzanian assets.

I believe WK will ultimately be worth far more than our Tanzanian assets but realistically, the feasibility study late next year is likely to reflect only 5p - 10p through our share price Even so, it means the share price should be 21p - 26p if Shanta can deliver and the market believes they will continue to deliver.

If gold starts to perform, the gearing effect for Shanta is massive and so a $2k gold price could add 7p to the share price

There will be a lot of large miners who believe they can extract more value from WK than Shanta - through quicker, simultaneous builds / access to cheaper finance. Hence, on delivery of the WK feasibility, it is near certain there will be further bid interest. I expect potential bidders to be building up stakes in Shanta over the coming year.

Posted at 25/11/2022 11:43 by papillon
But, herpes free now, the gold price averaged less than US$1200 in 2015. Like all gold miners, SHG is a geared play on the gold price. I'm continuing to hold SHG because I believe the gold price will go much higher than the current US$1750.
As I said, SHG, is a geared play on the gold price like all gold miners. My biggest holding is GPM for that reason.

Posted at 25/11/2022 07:38 by herpes free now
I held SHG back in 2012 when there were 462m shares in issue, at 20p the market cap back then was £92m

Fast forward 10 years and the shares in issue have doubled to 1 billion, the share price has rightly halved and the market cap is almost the same as 10 years ago

It seems the company has issued £50m in shares over the last 10 years, Could someone more knowledgeable explain how this is seen as progress or growth?

The way I see it SHG has been a zombie company for 10 years

Posted at 21/11/2022 13:41 by lowtrawler
GG, it's difficult not to realise how good the WK opportunity is.

I'm unsure why it is not better reflected in our price. It could be the problems Acacia previously had? It could be concerns over the ability of Shanta to fund and develop it?

I have previously witnessed how miners are either valued as explorers or as producers. As producers, they tend to get valued as a multiple of earnings with any exploration assets effectively ignored. As explorers, they tend to get valued as a percent of the discovered resource + the expected opportunity on found resources. IMV, if WK were owned by an explorer, it would currently have a value of around $100m with a reasonable expectation it could be sold to a major for $200m or more. That's around 9p per Shanta share. I believe Shanta, without WK, would have a value around $120m for NLGM and a further $50m once Singida is into production.. The current share price really only reflects NLGM.

Q2 next year, I expect our share price to reflect both NLGM and Singida - so around 15p.

Once the feasibility for WK is published, late next year, we should be trading at 20p or more. At this point, I would expect takeover interest to be renewed.

Posted at 14/11/2022 08:10 by kennyp52
Wondered why the share price had stayed flat - someone knew this all along imho. Zurin keeps his very well paid job and shareholders might not get fair value for a long time (if ever) thus the share crashing ( again ) . They have to deliver big time now. This could get very messy share price wise and invite a hostile bid with a much lower share price . Based purely on share price I wanted a bid to be seriously considered . Will the company get to 100,000 Oz ? Well all we can do is hope now.
Posted at 11/11/2022 10:11 by fitton
You couldn’t write it, a company involved in takeover speculation, rising gold price, increasing profit and the share price goes down!.Even the fact that it’s going to take till the 15th November to get some information sums Shanta up.I generally pick companies that do ok but Shanta is proving to be difficult. I guess the markets not seeing what I see.I’m sure Shanta will eventually come good but it would be nice just to see some positive share price action.It’s not going to help the share price in the short term but I’m guessing Eric is not prepared to sell the company on the cheap which is fair enough.With the consistent share price underperformance a takeover will happen sooner or later
Shanta Gold share price data is direct from the London Stock Exchange
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