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% 5.05p 18,030 08:00:00
Bid Price Offer Price High Price Low Price Open Price
4.90p 5.20p 5.05p 5.05p 5.05p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 86.8 -3.5 -1.2 - 38.68

Shanta Gold (SHG) Latest News

More Shanta Gold News
Shanta Gold Takeover Rumours

Shanta Gold (SHG) Share Charts

1 Year Shanta Gold Chart

1 Year Shanta Gold Chart

1 Month Shanta Gold Chart

1 Month Shanta Gold Chart

Intraday Shanta Gold Chart

Intraday Shanta Gold Chart

Shanta Gold (SHG) Discussions and Chat

Shanta Gold Forums and Chat

Date Time Title Posts
18/3/201814:51New air of urgency at Shanta Gold26,396
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

Add a New Thread

Shanta Gold (SHG) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Shanta Gold trades in real-time

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 5.05p.
Shanta Gold has a 4 week average price of 4.85p and a 12 week average price of 4.38p.
The 1 year high share price is 10.13p while the 1 year low share price is currently 2.63p.
There are currently 765,958,509 shares in issue and the average daily traded volume is 292,874 shares. The market capitalisation of Shanta Gold is £38,297,925.45.
jc2706: Excellent report. Even though they slightly missed production guidance (the first time I can recall), it is good that they have confidence enough in the profile to up the guidance for the year and to talk about a dividend policy in Q4. Need to ensure that the production profile is maintained so I am looking for 20k+ ounces each quarter from here in, associated with decreased capex (now that Singida is on hold) and a significantly decreased debt level quarter on quarter. Such a reduction in debt should be translated into like for like share price appreciation at the minimum. Two caveats to this scenario - Tanzanian politics and gold price. I have taken my filter off of AG temporarily in anticipation of his humorous response. I suspect it will go back on shortly after.
jungle jim: Augustusloop goes on holiday, the share price almost doubles. He comes back and... Shall we have a whip round and offer to pay him to go on holiday again?
andypar: The new management are now forecasting $5m annual cost savings and $15m annual reduction in capex. The new new focus on shareholder value and cashflow comes at an opportune time with 1) New higher taxes/fees in Tanzania 2) Most of the cap ex already spent on the underground mine 3) The debt becoming uncomfortablely large No doubt showing positive cashflow will aid in the debt restructuring. The new managed without directly saying so have implied a complete lack of focus and cost control from the previous management. The $5m saving has already mostly been implemented, roughly 10% of Shanta costs. I think this is a good time to invest in Shanta with $30m-$40m (based on POG $1250) of free cashflow forecast to be generated over the next 2 years. I imagine once we see these saving coming through over the next couple of quarters there will be a re rating in the share price. The AISC costs / profit reported over the last few years from Shanta have been completely misleading. As with all companies and particularly AIM ones cashlfow is king. There is no continuity of reporting AISC across different companies. Management like to use figures that show their company in the best light, all companies do this. However No amount of spin can hide c$50m in debt.
tgfn: @ AG, i don`t know what you mean with 100 000 000$ discrepancy between AISC and P + L, and don`t understand the purpose of it , since this is like comparing apples with oranges or something like that. The investment case for me is, that it`s very likely, that Shanda is a turn arounder. Additionally, to mine in Tanzania depressed the share price further and the failure to refinance didn`t do any good either (which i think is as well connected with the intransparent situation in tanzania). Like, when i heard of some asset being in Tanzania, i wouldn`t even look at it in the past half year or so. So, why did i buy shares? According to the RMP, they will produce about 80koz/y (about 500koz LOM),with AISC of about 736 and Capex of 68 M$. Without fancy discounting, if i add the Capex to the ounces produced (roughly 500000oz), gives me an extra Capex cost from 68 000 000 : 500 000 = 136$ which has to be added to the AISC (when one adds CAPEX to the AISC, one has to do so of course for all ounces mined LOM). Mind you, a lot of the Capex has already been spent (as far as i can read out of these very fragmentary RNS things) , but leave it that way. So, including Capex, you`ll have AISC = of lets say around 900$. Make it 950$ for safety, and you`ll have a profit from about 300$/oz. Makes about 24 000 000 M$ (80000oz x 300$) a year, minus tax and you should have around 15M$ a year free cashflow. That`s enough for me and pay back the debt. And the Vat refunds should cover the current liabilities. And sorry, i am not an native english speaker, so some things might be a bit bumpy. But i like : we can discuss this until the cow comes home.
redhill: No but i did warn he would go into meltdown if the share price started to rise !
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
Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:32 V: D:20180319 08:52:48