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Shanta Gold Share Chat (SHG)



Share Price: 10.00Bid: 9.75Ask: 10.25Change: 0.00 (0.00%)No Movement on Shanta Gold
Spread: 0.50Spread as %: 5.13%Open: 10.50High: 10.50Low: 9.875Yesterday’s Close: 10.00


Share Discussion for Shanta Gold (SHG)


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mike29
Posts: 779
Off Topic
Opinion:No Opinion
Price:11.00
View Thread (2)
forward sales
24 Jun '13
suprised given shg has forward sales of gold at near $ 1400 per oz that the sp keeps falling, they are obviously not being given any credit for their decision to bank those prices, at the moment that looks a good decision given the price of gold. cant understand why we are at this price.
 
K3VMC
Posts: 3,816
Premium Chat Member
Observation
Opinion:Strong Buy
Price:11.25
View Thread (2)
RE: RNS
21 Jun '13
Mike, if you read the rns, you will see that 6,000oz were sold in April and May. By my calculations, there must have been 5,500oz sold at $1,429. Taking the remaining 19,500 at $1,429, plus 9,000 at $1,367 arrives at the new average $/oz in the rns, I think they made a mistake when they stated they had 30,000 left to sell. I think they should be saying 28,500.

Doesn't matter too much. The half year results will show a maiden profit, based on my figures.
taters
Posts: 10,168
Observation
Opinion:No Opinion
Price:11.25
buy
21 Jun '13
The ramp up in production at the New Luika Gold Mine is progressing satisfactorily with the upgraded crushing circuit commissioned in late June and the Company expects a substantial increase in throughput from July. The Company will be providing an update on its first half operating performance towards the end of July 2013.

more news to follow shg are giving a solid position an looking to a bigger picture ,ceo is giving background sales an working on ramp up production july could be very interesting with the new crusher unit in full flow gl all atvb
mincentatties
Posts: 2,014
Observation
Opinion:No Opinion
Price:11.25
mpg
21 Jun '13
If Q.E.stops,interest rates will rise,and gold will fall.Any rise in inflation though and gold will rise too.Now I'm getting dizzy.lol
mincentatties
Posts: 2,014
Observation
Opinion:No Opinion
Price:11.25
mike
21 Jun '13
Think the forward selling @1429$ is already underway,meaning what has been already sold would need to be deducted from your cost equation.What I like though is the hedging extension from Dec to March 14 at a level nearly 8% above this mornings gold price.
mike29
Posts: 779
Off Topic
Opinion:No Opinion
Price:11.25
View Thread (2)
RNS
21 Jun '13
i am a bit confused by that, i thought that they had already secured a forward sales contract for 30,000 oz at $ 1430 per oz, if this is an additional 9000 oz at $ 1367 per oz that would give a forward sales total of 39,000 oz at an average of $ 1414 per oz.
WoollyBoing
Posts: 1,115
Off Topic
Opinion:No Opinion
Price:11.25
RNS
21 Jun '13
mpg1
Posts: 881
Off Topic
Opinion:No Opinion
Price:11.25
gold price
20 Jun '13
will the negative news from bernakee on QE have a positive effect on the price of gold as investors look for a safe haven?
mincentatties
Posts: 2,014
Observation
Opinion:No Opinion
Price:11.25
Chaps
20 Jun '13
My head is wobbly at the best of times,but here we go again with late announced trades.Help.lol
nighthawk
Posts: 43,629
Off Topic
Opinion:No Opinion
Price:11.25
mincentatties...
20 Jun '13
Think its in a downward trend KAZ now imho.....GOLD shares not having a good day or week ahead....Just WSG in myself..out of your shares....Great share for longterm investment going forward..happy to be involved..



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