Shanta Gold Limited (LON:SHG) had its price objective cut by analysts at Peel Hunt from GBX 18 ($0.24) to GBX 9 ($0.12) in a report released on Tuesday. The firm currently has a “buy” rating on the stock. Peel Hunt’s price target would indicate a potential downside of 5.26% from the company’s current price.
No, not doubled. It was 'only' 71% higher! And cash costs have more than halved. Nothing we didn't know already but great to see it in black and white.
Great results and I expect them to beat their production forecasts. The stockpile of $18m of ore should ensure consistent production going forward. Just a great, consistent performance and should be valued much higher.
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