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% 6.35p 379,266 08:00:00
Bid Price Offer Price High Price Low Price Open Price
6.20p 6.50p 6.35p 6.35p 6.35p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.5 2.6 0.5 13.8 49.35

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Date Time Title Posts
18/6/201810:56New air of urgency at Shanta Gold26,986
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 6.35p.
Shanta Gold has a 4 week average price of 5.70p and a 12 week average price of 4.75p.
The 1 year high share price is 6.50p 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 585,041 shares. The market capitalisation of Shanta Gold is £49,351,227.50.
kid27: Agustusgloop you are on the money there. This is Africa especially when there's a cash crunch, let the investors pay. As I have said before the target share price is there to drive trade for brokers to make money when shareholders buy and sell. These are based on future projections of cashflow but these are always optimistic on inflows and outflows so they are divergent - reality is closer to 10% less inflows and 10% more outflows.
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.
jc2706: Interesting. In my experience house brokers tend to always have a 'buy' on their shares but then low ball the numbers. I find that stocks quite often beat broker estimates in terms of profitability. A classic example currently is BMN whose brokers are basing earnings estimates on a Vanadium price of $25-30/kg whereas the current price is $70/kg. Do you think that they are going to get it right? Share price targets are different and it really depends on whether the sector is in a bull or bear phase. In a bull phase the targets are laughably low - I saw a target of 3p on a share that was trading at 2p. In 12 months it was 60p and it was pretty obvious that it was going to double figures. In a bear phase the opposite tends to be true and the company gets nowhere near hitting the target. Brokers have to walk a tightrope with their predictions. To differ from other brokers or to be much too bearish or bullish is far too dangerous for them so they tend to follow the crowd. This is why I tend to not pay them too much attention although they are worth reading as they sometimes pull the information together usefully even if they quite often get the wrong result!
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: 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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