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
  +0.25p +5.32% 4.95p 475,574 14:55:30
Bid Price Offer Price High Price Low Price Open Price
4.90p 5.00p 4.95p 4.70p 4.70p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.52 2.62 0.45 10.3 38.5

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Date Time Title Posts
17/8/201815:13New air of urgency at Shanta Gold27,252
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 4.70p.
Shanta Gold has a 4 week average price of 4.60p and a 12 week average price of 4.60p.
The 1 year high share price is 6.50p while the 1 year low share price is currently 3.13p.
There are currently 777,184,685 shares in issue and the average daily traded volume is 1,062,682 shares. The market capitalisation of Shanta Gold is £38,470,641.91.
redtrend: jasper - it may be optimistic as "cash back" and the market of course has completely discounted it being returned judging by share price, but in long term I'm still confident the majority will be returned. When I say "returned" I don't mean as big cash rebates back, but more likely over time in offsetting against corporate tax. This is exactly what ACA have been allowed to do and explicitly stated by them. Therefore all miners will no doubt be allowed to do this. So perhaps its better looking at it that we have $17m of "tax credits", rather than expecting it back as cash payments. More leftfield, you never know we may get some back as cash if SHG and Government agree a Mining Agreement for Singida, 16% free-carry option to Government as per Legislation. That 16% free carry for Singida will be equitable considering it will be connected to main power grid removing need for expensive HFO Power Plant (circa $16million plus of Capex saved) and also reducing Operational costs (AISC).
redtrend: I believe Shanta's may end up being lower, considering 17,600 Oz of Gold was hedged at $1,287 between April to June. Great result from AAZ reducing Net Debt by $7.5m in 1 quarter, meaning in terms of all-in costs, they're achieving $394oz margin on each "Gold Equivalent Ounce" ($7.5m divided by 19,042 Oz). So roughly an all-in cost for AAZ was $913. I sold out of AAZ a while back and did nicely out of it. The LoM is still very opaque to me, there is no clearly defined JORC compliant Revised Mine Plan to refer to. Although having a great team, without this it sometimes feels a bit shoot from the hip and what's to stop another incident where they hit significantly lower grades and had to stop mine operations and re-assess like they did in Q1 2017, which led to collapse in share price. Ugur filled this gap in short-term and the share price soon recovered after they did a great job at getting Ugur online, but Ugur only has 199K Oz and long-term the planned exploration campaign has to come up trumps to provide assurance.
redhill: Juju44 Wow,if you think i'm ramping then you need to visit other threads. Passing on information that i have gleaned isn't exactly ramping and nor is passing on the good news. I don't see how moaning about a drop in the share price due to unforeseen events helps in any way nor moaning about forward contracts. If you invest for the short term then you shouldn't be here but if you are investing over say a 5 year term then you have a chance of being well rewarded.
juju44: Shanta: opportunity in a crisisThu 18:20IC TIP OUT TOMORROW IN THEIR MAGAZINE IC Tip: Buy at 6p Tip style SPECULATIVE Risk rating HIGH Timescale MEDIUM TERM Bull points Overhaul of operation Generating free cash flow Good relations with Tanzania's government Bear points Single project risk Debt repayments due By Alex Newman Tanzania hasn£t been a choice destination for mining investors lately. More than a year on from the country£s ban on exporting gold concentrate, former FTSE 250 constituent Acacia Mining is still reeling. The blocked sale of diamonds from Petra Diamonds£ Williamson mine may have ultimately tipped the indebted group into a rights issue. Both companies£ cash flows have also been hampered by stalled VAT refunds and higher royalty costs. Those burdens are shared by junior miner Shanta Gold (SHG), but Shanta has used the crisis to hammer down run-of-mine costs, just as it completes an expensive switch to underground operations. Aided by good government relations, a great operating margin and an excellent mining asset in New Luika, we think Shanta£s value remains obscured by a pile of debt £ which, actually, is manageable £ and others£ woes. That£s not to argue that its enterprise value should sit on a top-of-the-sector average of five times cash profits. As its volatile two-year share price trajectory shows, Shanta isn£t a company to bet your life savings on. Nonetheless, prospective investors can take some assurance that chief executive Eric Zurrin and the board have done something like that, by electing to receive the bulk of their pay in stock. Adding to the top-down overhaul of the business, expensive expat contractors have gone and the workforce is now almost entirely Tanzanian. Such measures have helped relations with a populist government, which bumped up its take (via a new clearing fee and an enhanced royalty) from 4 to 7 per cent last year. For proof that those relations are strong, Shanta can point to last November£s receipt of a $3.4m VAT refund. Detractors will point out that $16.2m of VAT receivables still dragged on the company£s working capital at the end of March, but that rebate was the largest received by any miner from the government. Other costs have been pared back through a business-wide savings programme. By January, a shake-up of contractors had led to annualised savings of $5m, a figure that should tick up to $7m by the third quarter of 2018. That£s impressive, given combined operational and general and administrative costs came in at $73m last year. Now, as the upfront capital costs required to transition to underground mining at New Luika unwind, all-in sustaining costs are expected to drop to between $680 and $730 an ounce in 2018, putting it up there with the world£s lowest-cost gold mines. True, Shanta will need every cent. After the abandonment of a new $50m debt facility with Investec, the company is on the hook
redhill: nice one AG. Actually what the company said was that they were experiencing delays in the recovery of historical VAT. Nothing new there then, the same as other businesses in Tanzania. All this is factored into the price of SHG and i for one can't wait to see the next quarterly update which i feel will give the share price a big boost if full production is being maintained. Its very interesting that everyday this week the bid was increased despite the selling so it leaves me to believe the MM's are trying to fill a large buy order.
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.
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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