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
  -0.525 -2.92% 17.475 2,839,188 11:31:34
Bid Price Offer Price High Price Low Price Open Price
17.25 17.70 18.40 17.375 18.375
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 85.05 -0.90 -0.91 139
Last Trade Time Trade Type Trade Size Trade Price Currency
12:41:10 O 18,000 17.51 GBX

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Date Time Title Posts
22/9/202013:01New air of urgency at Shanta Gold36,929
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 18p.
Shanta Gold Limited has a 4 week average price of 16.20p and a 12 week average price of 12.75p.
The 1 year high share price is 19.25p while the 1 year low share price is currently 6.35p.
There are currently 793,931,012 shares in issue and the average daily traded volume is 6,234,845 shares. The market capitalisation of Shanta Gold Limited is £138,739,444.35.
risa5: Fri 18 Sep 2020 Shanta Gold’s US$90mln cashflow from New Luika will underpin development work on the district-scale West Kenya project Shanta Gold has built up a strong track record of gold production “How far we’ve come in such a short amount of time,” muses Shanta Gold’s (LON:SHG) chief executive Eric Zurrin. Two years ago the Shanta share price was bumping along at ten year lows of less than 3.5p, as relations between the Tanzanian government and the mining industry soured. The souring was nothing to do with Shanta, but it got swept up anyway in the backdraft of the self-destruction of Acacia Mining. But Acacia’s now gone, Barrick chief executive Mark Bristow has cleared up its mess, and once again Shanta has a clear run in a country that it’s operated in on its own terms without difficulty for many a long year now. In the meantime the gold price has soared, Shanta has gone on the acquisition trail, and the share price has roared away to its current level of just below 19p. That’s a rise of nearly 500% in the space of two years, and there’s no sign that it’s going to stop there. In its last set of interims, for the six months to June, Shanta reported revenues of more than US$70mln, and net profits of US$15mln. That was a significant improvement on the losses booked in the corresponding period a year earlier, and helped the company pay off the last of its construction debt. But what’s really noticeable is that for almost all of that period the gold price was trading at less than US$1,700 per ounce. Indeed, for much of it, the price was bumping along at US$1,500. Now, with gold fully consolidated above US$1,900, margins look like even better for the current period, during which time Shanta reckons it can take overall production for the full year to between 80,000 and 85,000 ounces. Yes, costs are up a bit, but you’d expect and perhaps even want that when the selling price is up by so much more. All told, it’s an admirable foundation from which to build up any company looking to move from junior to mid-tier status. Which is where the second of Shanta’s major undertakings, the 1,200 square kilometre West Kenya project, comes in. West Kenya is relatively new into the company, born of an opportunity that arose out of the aforementioned self-destruction of Acacia Mining, which was unloading assets left right and centre in its last days, in a bid to secure value. Zurrin and his team hadn’t quite closed the acquisition when Acacia was finally put out of its misery and subsumed by Barrick, but they were so keen to get it done that they flew to Tanzania that same weekend and camped out in the office of the senior Barrick director responsible and re-pitched the deal personally. “To their credit,” says Zurrin, “they honoured the deal.” And Shanta was now the proud owner of a district-scale parcel of land in Kenya which already boasted one established resource of 1.2mln tonnes of ore grading 12.6 grams per tonne for just under 1.2mln ounces of gold. The company expects to be able to put out a preliminary economic assessment on this resource imminently, and there can be no question that this represents the next big development project that Shanta will undertake. In the meantime though, there’s also the Singida project, which sits some way below both New Luika and West Kenya in terms of scale, but which should also end up delivering a significant contribution and take annual production to over 100,000 ounces. Financing discussions around Singida are close to completion, according to Zurrin, and he expects it will start in production in 2022. Even allowing that the development of Singida is likely to be funded from cashflow, there’s also the distinct possibility that Shanta will join shortly join that rare breed of junior miners that actually pays a dividend. It all adds up to an enticing proposition in a market that’s been very receptive to gold miners of late. It’s true that the market has to some extent recognised Shanta’s success with the re-rating that began two years ago. But on the other hand, there’s still plenty of ground to be made up before the shares return to where they were at the time of the last bull market for gold. And Shanta’s a different company now – more secure in its production at New Luika, more outward looking in terms of expansion, ready to develop new projects, and much more comfortable in Tanzania itself, where its ESG programs are second to none. PI
fitton: I purchased a large quantity of shares in Shanta last September averaging about 8.8p.I remember thinking the company looks very good value. From memory I think they dropped down to around 8p and traded between 8-9p for about 3 months.They eventually skipped up in price to around 12p. I should have made some money but the virus struck.Now at 17p in my opinion they look even better value. Last year they had debt, 45k oz hedged and only one mine.I like Eric, he’s a very switched into guy and I feel his frustration with the share price.The shares have been trading around 17p for a month or so and my gut feeling is that when Singida gets the financing we will see the share price move well into the 20’s. Fingers crossed
jc2706: House brokers by definition have to be positive but not too positive. But I have yet to come across any broker that has come up with a reasonable crack at future share prices. A great example was Norseman Gold which was standing at under 2p with a broker forecast of something like 3p. When gold rose they raised it a bit and kept on raising it because they couldn't keep up with the share price which eventually topped out at 70p or thereabouts. Broker forecasts are always interesting to investors but rarely accurate. I expect SHG to go well above 23p.
lowtrawler: Only just over £200k of shares have been traded so far today and so it's hardly a stampede. A $40 movement in gold should move the SHG price by around 0.7p and so dropping the bid price by 1p is an over correction. Not only that, SHG didn't fully reflect the increased gold price and so the 0.7p impact should be even less.
nielsc: Juju, The shg share price is correlated with the price of gold, just not on a day to day basis.Patience. Remember when it was 4p.Cheers,Niels
risa5: Hooray SHG is a better bet than AAL ! Why I’d ignore this 4% FTSE 100 dividend stock and buy this safe haven instead Royston Wild | Sunday, 17th May, 2020 | More on: AAL SHG Iron ore prices are holding up nicely despite the darkening outlook for the global economy. As a consequence, investor interest in Anglo American (LSE: AAL) has leapt in recent weeks. Shares in the FTSE 100 mining giant have risen 6% in value during the past month alone. The commodities colossus continued to attract fervid attention from value hunters late last week, too. It was recently trading on a price-to-earnings (or P/E) ratio of 10 times for 2020 while carrying a corresponding dividend yield above 4%, too. A FTSE 100 trap? Market makers might be piling in but I’m not interested for even a second. I worry that demand for iron ore could be about to crash and with it the company’s earnings. And my fears have worsened after reading recent Morgan Stanley price forecasts. These suggest that an anticipated average iron ore price of $83 per tonne for 2020 will slip to $69 next year and $61 in 2022. The steelmaking ingredient was last dealing around the $90 per tonne marker. I’d be much happier to stash the cash in Shanta Gold (LSE: SHG) than Anglo American. The brilliant outlook for precious metals is reflected by City brokers steadily upping their bullion price forecasts. Such upgrades are no real surprise given the steady stream of data showing how gold demand is rocketing amid expectations of a severe economic downturn. Fresh trading data from the SPDR Gold Trust illustrates the strength of bullion interest right now. On Thursday it said that total gold holdings had leapt to 1,092.14 tonnes as of the middle of last week, the highest level since 2013. Don’t just think that gold prices will shine in short-to-medium term, though. The economic and political fallout of the coronavirus crisis is likely to keep the flight-to-safety metal well-bought through much of the new decade. The likely preservation of ultra-loose monetary policy will continue to fuel prices of the hard currency, too. And I consider Shanta Gold to be a great way to play this. A better buy The bullish outlook for gold prices for this new decade are one reason to buy into the AIM-quoted company today. Another is the strong progress it continues to make on the operational front. Shanta Gold saw total output rise to 20,167 ounces in the first quarter of 2020. This is up from the 19,550 ounces that its New Luika gold mine in Tanzania produced in the prior three-month period. This wasn’t the only cause for celebration, either. First quarter all-in sustaining costs also dropped to $833 an ounce from the $902 recorded in the prior quarter. Shanta Gold’s share price has failed to react to these strong results and the improving outlook for bullion prices, however. Indeed it remains almost 10% cheaper from levels seen a month ago. This weakness, too, leaves the mining ace dealing on a forward P/E ratio of just 7 times. I reckon the stock’s far too good to miss at recent prices, unlike Anglo American.
12strings: On SHG share price, it's obviously great value at 12p, and a steal at anything less. The market is not in the mood to think beyond next week. So much added value to come within the next 12 months.
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.
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.
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.
Shanta Gold share price data is direct from the London Stock Exchange
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