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Clearing stale bulls before a sp run
GGG
Eric Zurrin and all of his team have been highly reliable for the last 23 months on just about everything. The Q4 2021 was the last time we had problems and part of that was down to issues in the global supply chain.
Centamin have also not issued their drilling results thus far. Both Shanta and Centamin planned to release them this month. They are both dependent on independent assay labs providing those results. I am sure both companies sent off drilling samples many weeks ago. As soon as the results arrive and the team can write an informative RNS we shall get to see the info. Tony
Exploration updates aside (we should be having both a Singida and NLGM exploration update by the end of Q4 2023).
The Q4 2023 Operations Update ‘could’ be the best in terms of Operations and Financials Shanta Gold has ever had. I say ‘could’ because the wet season in Tanz can cause operational issues as we know.
Tonnage of ore milled at NLGM was 226,358 in Q3 2023 at 2.9 g/t at 86.5% recovery rate. Tonnage of ore milled at Singida was 93,292 in Q3 2023 at 3.4 g/t at 97.4% recovery rate.
If they can keep they numbers going you could be looking at 20k+ Oz for NLGM / 10k+ Oz for Singida.
‘If’ they can get near that range then we are also looking at a fall off in AISCs for both NLGM and Singida and a higher gold price sold for these last few weeks.
Could be a bumper. But mining being mining, caveat emptor…
Https://lamancharesourcecapital.com/wp-content/uploads/Phoenix-Press-Release-2021.07.23.pdf
May I direct La Mancha’s new fund to us with significant assets to unlock
New junior mining fund. They specialise in gold and battery minerals.
Happy for them to buy in the market !
Imagine if a new institution try’s to accumulate a stake here , given we need no equity and debt free with ample growth opportunities I would think they would have to buy in the market , as we are undervalued by half to peers I can see stake building taking place.
Lombard are up to 7% area already.
If oddey had never been forced to liquidate such a large stake I’ve no doubt we would be over 15/16P currently possibly a lot higher.
We will have our day in the sun
23/10. Exploration activities have continued during he Q3 at both West Kenya and in Tanzania. At West Kenya, we continued infill drilling totalling 8,387 meters while approximately 10,000 meters is planned for Q4.
At NLGM, the Phase 1 drilling program is ongoing, while at Singida we commenced with the first few holes at the western deeper extension of Jem pitshell.
In a recent CC, as I recall, Eric said the NLGM drilling contractor had had issues and had fallen behind so Shanta had to employ a second contractor to do part of the drilling to catch up. So drilling was behind and then there is the analysis for results.
Of more interest is Singida and WK drilling.
WK drilling restarted in May and has continued in H2. We have had the first batch of results on 2/11 with the balance to come as available.
Of particular interest is Ramula: 2023 drilling aims to increase M&I inventory and expand Inferred. Potential for new discoveries of stand alone deposits within
Very funny Noel. I’ve been interested and following Shanta for a long time but I was actually very negative at one point as I was not convinced things were on track and I thought the new mine would over run on cost and I didn’t think they could do it. I was spectacularly wrong and have eaten humble pie but in the process learned fully every little detail.
I have been here 6 months now fully committed and took advantage of the oddey forced sell.
I have been very lucky to accumulate low 9’s
Although I do like a trade now and again on other shares I do invest for the long term quite often as lots know.
I am fully committed to staying with this one until a much fairer valuation nearer double this SP
And in a gold bull higher
Lots of companies on AIM not generating anything , deep in debt
Shanta is not in that stable and will start to pick up momentum as the months fly by it’s in an enviable position to take advantage.
Usual caveats apply but most people realise this is just a case of sit on your hands and wait for the SP to reflect the progress.
What will Shanta look like in 12 months is a juicy prospect. Good luck all and will be adding in April 25% more holding
ThePublican777 - keep up the good work. whoever is paying you is getting their money's worth. Ramping pays off in the end for the pros.
777 - interesting!
From Clive Maund - "GOLD SILVER and GDX outlook after turnaround yesterday..." (originally published Tuesday, December 05)
https://www.clivemaund.com/article.php?id=6598
Gold really strong over $2000
Looks primed to explode
He admitted at the last Con Call they have had issues with resources and external sub-contractor’s letting them down in terms of delivery. Suppose it’s just mining being mining, as you say. I have no doubt the wet season in Tanz will also slow things down.
They are usually pretty reliable with exploration news. In fact, with Eric in charge they have been pretty reliable full stop. I didn't think that he was the right person when he joined but you have to say that he has done a good job on the whole.
Surely we're getting close to some exploration news. I haven't been here long enough to know the company's track record on hitting their exploration timelines over the past couple of years - does anyone have a pov on this? I do know that most miners are normally late on these things but hoping that SHG aren't one of those companies that say things the market wants to hear then not deliver.
If they're on time then we have quite a few updates in the next 7 weeks (allowing for Xmas) - 3 x exploration plus some spectacular Q4 operational results. With Au staying above $2k I'm expecting the sp to be sitting between 13.5-15p by the end of January. GLA
I added more yesterday so now holding 700,000 , Shanta will either break me or make me haha, Eric keeps on saying we are hedged against the gold price so we are making sum serious money. The big boys are sniffing in background ready to pounce for Shanta Gold with WK our jewel who wouldn’t want us at 30p, big re rate coming in the next 18 months so hold for gold & the fireworks at Shanta GLA
Didn’t see many either maybe the last dump was the 11.50 ones
Nice to see a few big trades at 12.15 late reported , a move back over 12P tomorrow most likely. Nobody parting with their shares cheap.
Havn't seen many if any (others can clarify) of the 100k chunk sells so maybe seller done at last, might have the odd 100k left but that wont make much difference to the rise
must be some news soon ?
Also to consider the 6 month period is long gone on takeover approach’s
Only a matter of time before we get them back.
Barrick is a natural partner in Kenya and I think the deposit is approaching tier 1
All we have to do is enter a JV and the share price will explode.
The JV might be Barrick carry the build cost.
Either way so much can happen here from takeovers to JV’s to expansion that it’s prob one of the best set up shares I’ve seen.
East Kenya is prob the best high grade deposit that is not in the hands of a major
It’s potential is huge
Also to consider the 6 month period is long gone on takeover approach’s
Only a matter of time before we get them back.
Barrick is a natural partner in Kenya and I think the deposit is approaching tier 1
All we have to do is enter a JV and the share price will explode.
The JV might be Barrick carry the build cost.
Either way so much can happen here from takeovers to JV’s to expansion that it’s prob one of the best set up shares I’ve seen.
East Kenya is prob the best high grade deposit that is not in the hands of a major
It’s potential is huge
A few decent buys coming in sub 12p
Also to consider the 6 month period is long gone on takeover approach’s
Only a matter of time before we get them back.
Barrick is a natural partner in Kenya and I think the deposit is approaching tier 1
All we have to do is enter a JV and the share price will explode.
The JV might be Barrick carry the build cost.
Either way so much can happen here from takeovers to JV’s to expansion that it’s prob one of the best set up shares I’ve seen.
East Kenya is prob the best high grade deposit that is not in the hands of a major
It’s potential is huge
Also to consider the 6 month period is long gone on takeover approach’s
Only a matter of time before we get them back.
Barrick is a natural partner in Kenya and I think the deposit is approaching tier 1
All we have to do is enter a JV and the share price will explode.
The JV might be Barrick carry the build cost.
Either way so much can happen here from takeovers to JV’s to expansion that it’s prob one of the best set up shares I’ve seen.
East Kenya is prob the best high grade deposit that is not in the hands of a major
It’s potential is huge
Inflation adjusted gold is not at an all time high. It’s fully justified to sit 2500 level
At the minute it’s a psychological barrier but all miners costs have risen substantially so it will in all likelihood move a lot higher.
Gold in real terms has not moved enough to reflect inflation or the current risk to financial markets with worldwide debt levels. And wars
Personally happy for it to stay low till April and I’ll grab more under 15P if I can
I do think we will be above that level then as we are debt free now or will know if we are Q4
Then Q1 we should be accumulating nice cash surplus’s and hopefully announcing reserve upgrades and production upgrades to 140,000 oz
We cannot stay valued at this level for much longer. The market is behind and obviously wants to see hard numbers before it moves us up
The seller and the subsequent rebalancing of the share base must be over soon and I suspect when they move aside if they haven’t already then their will be no appetite from existing holders to take any profits until it reaches a much higher level.
I am actually sat 30% up and won’t be parting with any this level it’s disappointing.
100% up I might consider selling a few out of prudence just to diversity a bit.
The value proposition here is outstanding. Just a case of hold and be patient and let the fundamentals win out.
The second ball Mill at low cost taking our oz profile up to 140,000 will be a re-rating in itself
I guess first thing is first to convert resource at the new mine
I’d rather they gamble and just do it now as we all know the golds there and in spades.
Think gold will move up again soon , they are just trying to keep a lid on it unsuccessfully.
I'd almost guessed at a small pull back, as adverts started appearing all over financial sites saying "Gold is at its [insert timescale of choice] high!!!!! Is NOW the time to buy??????"
Happy with anything over $2000 for a prolonged period, obviously maintaining an upward trend!
I assume the fall in share price in recent days is due to the collapse in the gold price. Oh hang on, its $2034 !!!
Very good assessment booboo, it has fallen over 100 dollars on virtualy no significantly bad gold style news
it does give a chance to load up some more and we HAVE had a glimpse of what will almost certainly happen.
the problem with shanta and other gold stocks, is that new investors seem to need new records/highs to get buying, until of course we release the money build that is occurring month in month out.