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
  0.00 0.0% 9.36 10,000 16:35:10
Bid Price Offer Price High Price Low Price Open Price
8.50 9.50 9.00 8.75 8.90
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 85.05 -0.90 -0.91 74
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:10 UT 10,000 9.36 GBX

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Date Time Title Posts
04/4/202013:37New air of urgency at Shanta Gold33,286
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 Limited is listed in the Mining sector of the London Stock Exchange with ticker SHG. The last closing price for Shanta Gold was 9.36p.
Shanta Gold Limited has a 4 week average price of 6.35p and a 12 week average price of 6.35p.
The 1 year high share price is 13.20p while the 1 year low share price is currently 6p.
There are currently 793,931,012 shares in issue and the average daily traded volume is 2,191,138 shares. The market capitalisation of Shanta Gold Limited is £74,311,942.72.
trader365: People seem to be missing the point and dismissing the risk in the mining sector. Some may think I'm a 'deramper' but BB posts don't move share prices, production moves share prices. Where will SHG production and share price be in Q2/Q3?
12strings: I've been an SHG shareholder for a few years. It's the only share I've not sold, and am adding on weakness with a buy limit order in at 9p.There's no investment safe haven left other than gold and cash, so once the selling of gold to meet margin calls is over, I expect gold to rise quickly. Weak holders of SHG will inevitably not help the SHG share price short term.
338: trader365, You could have gained more than 20%, if you followed me buying under 9p during the recent SHG price drop last week, instead of keep watching your histograms for making 2% only... Yes, 20% is a lot... That's 10 times of your efforts...
trader365: 338 - why would you guess its a CFD or spread bet that is stopped out? Assuming a £100k pot - using a 1% risk management strategy and 2% take profit target, one would close a position (stop it out to limit a loss) if it reached a £1000 loss (1% of account), conversely one would take profit at a £2000 (2% of account) gain, so profit is equal to 2x loss. Using a 1% risk and a 2% target one could be wrong on 50% of trades and still be a profitable trader. Ie 5 losing trades = £5000 losses and 5 winning trades = £10,000 profit. Gross profit less gross losses equals net profit of £5000, so one could be profitable with coin flip trades as long as one managed risk as above. Using the above risk parameters; If one wanted to buy SHG at 10p using a 1% (£1000) risk management then one firsts needs to decide where to place the stop loss. If one wanted a 50% stop loss then the position size should be £2000, so a 50% share price fall from 10p to 5p would only result in a limited loss of 1% of account (£1000). If one used the same 1% risk but with a 10% stop in SHG then then the position size would be £10,0000 (5 times larger) however, the risk would be the same 1% of account balance. (£1000). If you lose 1% of £100k (£1000) your next risk would be 1% of £99k, if you lose 1% of £99k your next risk would risk 1% of £98010 and so on. By limiting risk in this way it is very difficult to lose your pot
trader365: 338 - BB posts have no bearing on share price movements! I still hold SHG but started to scale out on Monday as part of my risk management. If you look at the chart I posted you'll see a step/stairs pattern emerging in gold caused by price surges and pullbacks. The pulbacks have been around 6% and lasted for around three months each ie March, April, May, then September, October, November. Before each pullback the RSI exceeded 70, which is indicative of overbought. Following the recent surge in price the step/stairs pattern looks likely to repeat itself and form another step. RSI is currently 76 and indicative of another overbought condition which suggests a potential pullback in gold. Due to the above conditions and the recent fall in the main markets coupled with poor economic data, I've reduced some holdings in order to lock in big gains made over the last 12 months and protect my accounts in the event of a severe downturn.
jc2706: On that basis the share price should be about 4.5 times higher to get to the average. In my experience share prices rarely jump to the 'logical' price. They either go way too high (generally for companies without revenue streams based on 'hope' - GGP is a classic example) or gradually narrow the gap with selling all along the way. The perception of SHG will gradually improve as VAT is returned and debt is removed but it will happen over a course of months and years, with the odd sharp jump of course. I believe that there will also be a backdrop of rising gold prices which will improve the share price of all gold companies so SHG should perform well relative to a well performing market sector.
risa5: Best shares for January 2020 Royston Wild: Shanta Gold With gold prices having charged through the psychologically critical $1,500 per ounce marker in chirpy end-of-year business, the stage could well be set for more meaty gains in January, I reckon. And what better way to play the gold bull run than by buying shares in Shanta Gold (LSE: SHG)? It’s a bullion digger whose share price boomed around 55% in 2019, and yet one whose low forward P/E ratio of 6.8 times still suggests that it’s undervalued. Shanta Gold isn’t just a play on the strong metal prices of the moment, though, with accelerating production (which was up 15% in the third quarter at 22,726 ounces) giving extra reason for stock pickers to pile in today. Royston Wild does not own shares in Shanta Gold. Https://
jc2706: I suspect that the company is doing all it can to recover the VAT but there is no way of 'getting on top of the issue' that doesn't involve the compliance of the government. The implicit suggestion here is the withholding of VAT payments. I would sell immediately I saw such an action as it would provoke a response by the government that would be catastrophic to the company. There are no doubt a number of factors affecting the SHG share price but one of them may well be an improving prospect associated with resolving the VAT issue. When the price went to 3.5p there is little doubt that the market thought it highly unlikely that the money would be returned. I suspect that the market thinks that the current situation is somewhat better. It is sentiment such as this that allows the positive benefits such as a rising gold price to be reflected in the share price.
trader365: I agree there are various factors why the share price is up 100% over the year, the most obvious being the rising price of gold, as evident by the July breakout in SHG coinciding with the July breakout of the gold price. It's certainly not up 100% due to the pricing in of 'non' payment of VAT. Withhold your council tax, income tax or car tax payment from the UK government and see how swift you're dealt with :-) Zurrin needs to get on top of the issue asap, SHG could be debt free if the government pay their debt.
meanreverter: Chestnuts Perhaps a better performance metric for directors' bonuses would be total shareholder return. If investors prefer dividends to buybacks, they will reward the company with a higher share price for satisfying their preference. If the company gears up (for buybacks or other purposes), the share price will suffer if investors do not like it. Regarding debt, IMHO, the move to higher levels of gearing in recent years is more to do with record-low interest rates than with directors attempting to manipulate share prices. Spending the borrowed funds on buybacks may achieve better value for the company than acquisition (which typically demands a premium) or capital expansion to add output for which there is no demand in the presently stagnant economy.
Shanta Gold share price data is direct from the London Stock Exchange
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