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
  -0.05p -1.15% 4.30p 265,000 08:08:30
Bid Price Offer Price High Price Low Price Open Price
4.20p 4.40p 4.35p 4.30p 4.35p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 76.52 2.62 0.45 9.2 33.4

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Date Time Title Posts
15/11/201809:57New air of urgency at Shanta Gold27,722
06/10/201618:40Shanta Moves From Explorer To Producer!22
23/10/201509:00Shanta Gold CEO: ‘I have never failed and have no intention of doing so now’-
16/6/201115:30Gold Exploration in Tanzania6,630

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Shanta Gold (SHG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-11-14 15:58:434.3886837.98O
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Shanta Gold (SHG) Top Chat Posts

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 4.35p.
Shanta Gold has a 4 week average price of 3.90p and a 12 week average price of 3.90p.
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 569,152 shares. The market capitalisation of Shanta Gold is £33,418,941.46.
atlantic57: I was taken in by Vgm but the worst dissster was Ascot Mining. Norseman Gold was another tale of woe but the management there were clearly struggling To hold it together. My biggest errors were following certain websites who persistently stated that all was well.However this was my poor judgement as it was self evident With Vgm Ascot and NHL That all was not well. As the share price tanked in all three cases.
goodgrief: Eric Zurrin comes across as quality management. Sounds like Shanta has finally turned a corner. Though the share price may have improved under his watch, it's got a long way to go before they should really start 'bragging' about it!
redhill: I agree the next quarterlies will determine which way the share price is heading.If production has increased and importantly the cash balance then some fears will abate. Not too long to wait now. With regard to any VAT refund the last one received was in November so i'm hoping that the TZ revenue department will repeat this year. It is apparent that the TZ government have been prioritising capital projects and even their own employees have had to wait for any pay rise but the purse strings may be loosened soon.
atlantic57: Augustus your comments on Medusa mining proved to be 100% accurate.The share price Absolutely tanked from a very loft position to probably around 10% of the high. On shg though the share price has been trading in a very narrow band for some time now. so what is your time frame for dramatic share price movement.
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.
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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