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Might be today...only 7 dollars off ATH on spot price.
Every 100 dollars on the gold price is 10 million more in shanta’s coffers in profit.
Can see 2200 gold very soon
Soon as the seller dries up it’s going to move 50% up very quickly
Should be 15/16P based on just pre oddey
It sat 13.5P then on a much lower gold price and 1 mine/lower production
Only a matter of time here and I predict the herd will arrive Soon , quiet chat board is good for now.
13P Monday if gold pushs 2080-2100 area next week.
"staring" works better...
Just sitting starting at it instead of the telly.
All time high
spot live $2068
https://www.bullionvault.com/gold-price-chart.do
Already there on the monthly, and weekly assuming today holds above $2038.
AUX ATH next week?
Shanta about to leave the station here.
Just something to consider for now IMO.
"say £100" is conceptual and me....."being talked about a realisation reset" is in North Am..in the higher value caps....and will filter through in due course! Sorry if my words were not clear...I see that now when I read my post! GL.
Who is it that is stipulating that gold in the ground is worth
Whilst we're "let's considering".......think this one through........gold in the ground is say £10 per oz. or less.... and has been even though POG has risen consistently ( do the US Treasurey on behalf of the "people" (haha) still value their gold holdings at $35 per oz.( whilst temporarily since 1971 . ..off the gold standard. haha..........if gold" underground" was to be re-valued to say £100 on a realistion reset......and I have it on authority that it's being talked about (only)....if it did come to pass.....what would that do to our SP???
Let’s consider gold isn’t actually that high inflation adjusted , if inflation has been circa 30% total over the last 3 years combined then then it could be said that 2050 gold is really the new 1500 dollar gold
So personally I feel that gold has a way to go yet to catch up and reflect inflation
The extra inflationary costs to produce gold need to be priced and it’s often the case that the actual asset moves up in a big way to reflect that.
It’s a very easy hold from here with this share. I only wish I could buy more at this level as I truly believe we will see 20P plus next year and a possible 30P takeover at a minimum.
But I would rather Shanta stay in control and it stays a growth stock
The fruit on the trees is ripening and Q4 should be a further catalyst along with exploration to see us move up to at least 15P
It’s silly we are down here at this level when everyone knows the true value is multiples of this SP
obviously *** packet figures below but it's still looking good:
for every $10 dollars extra on the gold price, annually that should be roughly an extra million dollars bonus at a production rate of 100,000oz per annum. so weekly, approx $20,000 or £16,000.
i was pleased when $/au broke through $2000, but at $2040 it's bringing in an extra £64k per week to even that figure...
Having once been a velskoen ou it's a long time since I ran around the Kimberley mine perimeter and the largest tailings dump when in town . . . of truly massive dimensions. If indeed we have a superpit kimberlite, finding unoccupied ground is going to create a problem or three unless spoil/rock can be carted a long way to avoid heavy resettlement costs.
. . . still have a preference for Eric to remain as head honcho despite travel fatigue. However, what be must be.
Matthieu Bos has now served 6 months as independent director of SHG since confirmed appt on 22/5/23. In this time he has not been letting the grass grow under his feet!
He is currently the President and CEO of SRG Mining, an advanced stage graphite development company with assets in Guinea, W Africa. For the past 5 months he has been working with a Chinese company C-ONE who has made a strategic investment in SRG and together they plan to develop a large graphite mine in Guinea and market the processed material to the EU for battery production.
RNS yesterday 29/11/23. SRG and C-ONE sign non-binding term sheet. C-ONE to make C$17M investment in SRG. SRG and C-ONE to develop anode material facility in Morocco. SRG to maintain TSX-V listing and redomicile outside of Canada.
I have no idea if Matthieu has applied for the CEO position in Shanta but he would be eminently suitable and highly qualified with much Chinese experience both with SRG and previously with the Ivanhoe/Chinese mega copper mine across the border from TZ in DRC.
Judging by the gold price, I think the SP has now had its little dip / breather and may finish blue.
Purely my thoughts.
A gold price over $2000 means we earn approx $10m a quarter free cash flow. We are trading at approx 4 times FCF. Not many companies can say that. It is worth mentioning that cash flow doesn't increase in a straight line as I know some people were disappointed in the cash position at the end of last quarter.
Incredible how Au is still holding these levels. I thought holding above $2000 would be a strong sign before the Feb 01st Fed meet when I expect some statement about pulling back on interest rates to occur. Given we're comfortably above this level I'm not sure where we could end up if sitting at $2050 when the statement is finally made. Some projections have Au hitting $2500 next year, which is entirely reasonable given what happened post 2008. If that happens we'd be throwing off our mcap in EBITDA every 12 months. Add another 30k oz production for 2025 and you'd need the sp to be 30p to maintain an EV:EBITDA multiple of 2. Crazy numbers pop up when you do these things. Even if Au were to average $2100 for 2024/25, in order to maintain an EV:EBITDA of 2 on 140k oz production the sp would need to be 24p. And that multiple of 2 is half what most African producers average.
You start to see why a t/o offer of 25p is what would be needed tomorrow to have a chance of being accepted. But if Au stays around these levels then one will need to add 5p every 6 months for a bid to be successful. I'm hoping any would be predator drags their feet a little over the next 6-12 months and then drops in with 30p. Au pushing toward $2500 and that's a very reasonable expectation. GLA
Good to see profit takers - they can only sell once.
Sets us up for a bigger next leg
Lol I read it as "a big fat 0" Noel.......shows sometimes one only sees what one wants to.......I was buying shares on bulk with one company....6 trades in a row.......and suddenly I got a great price and patted myself on the back.......until I realised I'd just sold what I had just bought......lol!
I get accused all the time of "lying" and "agendas"....and nothing is further from the truth....sometimes I even have to post something negative that could hurt me financially (but I don't really believe anything said on these chatboards makes any difference in the whole of the UK market) but I say it the way I see it....always! GL and GLA
p.s. someone will post now like yesterday on SCIR saying I'm lying and utter crap etc. lol!
Davethehorse
re - RSI has sold out
Your post is OUT of ORDER
and you heard it from the - horse - mouth
Weaker dollar means higher gold...only started its climb....The economic climate will support it....especially when interest rates start declining....A big rise is imminent in my opinion....
We are now very close to a situation of solvency, no debt...tick
we are producing on target with a new mill promised for next year that will double production again....tick
we have a proven track record of delivering and there is no reason to disbelieve what is promised....tick
no sign of eric's replacement, that may calm nerves...boo
last results were very pedestrian...boo
there is bound to be profit taking, that is why we are all here, but the slow and sustained rise is due to the ticks above, so there is room for even more SP sustained rise when the boo's are addressed. it has been a long and sometimes painful wait, i have been here 18 months, so am not going to sell now when the tree is just starting to ripen., and if you look at any of my previous posts, i am definitely no ramper, indeed i have been accused of being pessimistic, though i like to think i am fairly level......today, this is me smiling.
Drat - "a BIG fat 0"