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
  1.50 12.71% 13.30 4,163,590 16:35:09
Bid Price Offer Price High Price Low Price Open Price
12.80 13.50 13.75 11.80 11.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 107.83 28.53 1.48 9.2 139
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:09 UT 150,000 13.30 GBX

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Date Time Title Posts
29/7/202118:36New air of urgency at Shanta Gold42,069
13/2/202111:39Shanta Moves From Explorer To Producer!26
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 Limited is listed in the Mining sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 11.80p.
Shanta Gold Limited has a 4 week average price of 10.75p and a 12 week average price of 10.75p.
The 1 year high share price is 20.45p while the 1 year low share price is currently 10.75p.
There are currently 1,043,465,532 shares in issue and the average daily traded volume is 3,132,357 shares. The market capitalisation of Shanta Gold Limited is £138,780,915.76.
lowtrawler: RH, the blip in production is still a loss of income equal to around 1p in the price. That has permanently gone. The forward looking element is replacing expectations that SHG would reliably deliver 80k annual ounces at £1k AISC with those in the plan which are worse. That creates about a 3p share price reduction from lower income expectations. Hence, it is entirely logical for SHG to fall 4p. The additional fall is due to loss of credibility, market shock and investors pricing in an element of failed delivery to the 5 year plan. It is difficult to put a value on these elements. In some instances, the impact far exceeds the logical financial impact. I have estimated 2p but it is really anyone's guess. This is why I'm not immediately buying more. The tremors from yesterday's announcement will last a few days to a few weeks. SHG will need to rebuild credibility by delivering against the plan. Further setbacks are likely to be treated harshly and delivery against the plan will not be recognised for 12 months or more. SHG have moved from being a relatively safe haven miner to higher risk and higher volatility. If you are a swing trader, you can use that to your advantage but anyone holding from last week now needs to dig in for the long-haul back.
lowtrawler: JC2706, I think most of us are investing here because we think the gold price will soar. However, knowing that you can buy at less than fair value for the current price of gold acts as a safety net. Even with yesterday's bad news, the previous share price range could be supported at fair value and so it gives me comfort to keep holding and not worry about the short-term dip. Indeed, I will be looking for a buying opportunity in the coming days. I'll be looking for prices under 11p but am wary it could fall further. In my view, we will eventually settle into a new 11.5p to 14p trading range at current pog. I don't think we will move higher until mid 2022 by which time we should be delivering against the plan. Hopefully pog powers on and helps us in the meantime.
gisjob2: Redhill, They may get through it in about a month but I wouldn't expect the market to reset the share price then, since todays RNS, SHG have much to prove over the next 12 months. However I don't want to be one of those who sells and tries to put the share down, it's just not for me at the moment, I've moved my money to companies with reliable management that I feel more comfortable with, while there were some bargains to be had. Each to there own ! Like I said, I liked the story here but better options for me elsewhere. SHG is bound to soar now the weight of my money isn't holding it back ! :-)
chipperfrd: Lowtrawler, We all work in different ways! I am working on a 10-year DCF for all three projects and get fair value at c. 33.6p. I trade share price zigzags for 'free shares' so welcome volatility. 70% of my SHG shares are in that category so ultimate NPV share price targets are not a major issue for me. Chip
lowtrawler: A lot is going to hang on the presentations run by Shanta today. As kennyp says, if it is genuinely a piece of bad luck taking 16k ounces out of this years production (and so temporarily increasing AISC) with production / AISC reverting to norms after, the financial impact is around $13m operating profit as a one-off. The share price hit should be about 1p. Although, total production over the next 2 years appears to be targeted at 150k ounces which will include a little over 6 months from Singida. That would suggest NLGM targets over the next 2 years of less than 70k. That is a more permanent reduction in production which could hit the share price by a further 2p. However, they clearly ran into this problem in Q1, retained guidance, and chose to window dress the problem behind the 5 year plan when advising the market. This is not the type of open and honest communication I expect from SHG. In my view, the immediate price impact will be 1p for the permanent loss of 16k ounces, 2p for the lower production guidance for NLGM and 2p for the surprise being dropped in this fashion. From 16.5p, I'm expecting 11.5p. If the presentations can convince investor's the Board know what is happening and can explain why this was a surprise, we may salvage some of the 2p credibility drop.
lasata: Gold price perking up may assist SHG share price.... Once SC cleared out at 17p level...SP should gain traction....
lowtrawler: In terms of the true underlying value for SHG, against an African peer group, I still think we should be trading around 25p. I also think African miners are under-rated. On a Global basis, it would give me a fair value over 30p and heading towards 40p if Africa gets an upgrade. The big transformation opportunity for SHG remains WK but I don't expect that to materially impact price until 2023 and not be fully reflected until we move into production. Any immediate improvement to the SHG price depends on NLGM and Singida.
greggphilips88: Positive note from Tamesis this morning, as you would expect, re-stating their 30p share price target. Calls out consistent reliability of SHG, that it's on a path to more than double production over the next 4 years, and is extending the life of the flagship mine NLGM, continuing construction at Singida, and proving up resources at the high grade WKP project in Kenya. It argues the maths for the underlying metrics for SHG, in terms of EV/EBITDA and P/NPV, will ultimately force the share price higher (obviously assuming gold doesn't tank). To paraphrase the best bit: NPV per share for just NLGM is 17.7pps. The cash pile adds 2.1pps. = 19.8pps. So, the market is valuing Singida and WKP at less than zero value. This isn't sustainable. "We keep our PT of 30p."
lowtrawler: 338, always willing to learn, but a couple of valuation approaches for a 30p share price: At the moment, NL has reserves of 425k ounces and Singida has 664k. I know we are replacing mined resources as we go but lets call it 1.1m ounces between them. If we were to reach 30p, it would value our reserves at $400/ OZ. That would be pretty full value for NL and Singida @ 1900 gold. NL can probably generate $45m cashflow on a regular basis, assuming depleted reserves are replaced. Singida will likely add another $15m. So, $60m of ongoing cashflow. African gold miners struggle to get multiples above 5 or 6 but 30p would require a multiple of 7. We can estimate a value for WK. At the moment it is probably valued at around $30m in our share price. As we get an MRE, that may double to $60m and once the DFS is produced, it may reach $150m. Only the MRE is due by the end of this year, so WK could reflect around 6p in our price by then. If we add that to either of the 2 NL / Singida valuation approaches above, we still don't get to 45p. I must be missing something obvious and so am interested to know what that is. On a cheerier note, I do think gold will move much higher and so I think pog could take us to 45p but my comments specifically said at current pog and so what have I missed?
lowtrawler: DTH, I try to separate SHG price movements due to pog and those due to company fundamentals. In my view, we need to break 16.5p excluding gold price movements. If pog keeps rising, of course we will get to 16p and beyond - we need SHG underlying prices to rise as well.
Shanta Gold share price data is direct from the London Stock Exchange
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