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Shanta Gold Share Chat (SHG)



Share Price: 9.875Bid: 9.75Ask: 10.00Change: 0.00 (0.00%)No Movement on Shanta Gold
Spread: 0.25Spread as %: 2.56%Open: 9.875High: 9.875Low: 9.875Yesterday’s Close: 9.875


Share Discussion for Shanta Gold (SHG)


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mike29
Posts: 830
Off Topic
Opinion:No Opinion
Price:10.00
View Thread (2)
legobrickgirl
26 Jun '13
already in at 14.6p (500,000 shares) so although usually I would buy now and average down, to be honest it is too much of a risk now because if gold keeps dropping we could lose the lot!
 
legobrickgirl
Posts: 3,653
Off Topic
Opinion:No Opinion
Price:10.00
View Thread (2)
RE: very concerned
26 Jun '13
It's not good, but most if not all goldies are down. Wouldn't you be happy if you bought in now?
mike29
Posts: 830
Off Topic
Opinion:No Opinion
Price:10.13
View Thread (2)
very concerned
26 Jun '13
about this sp, now selling for under 10p, with forward sales at well above today's gold price, the sp is still falling alarmingly. going forward with projected all in costs this year at $1100 and forecast at $1000 next year there is not much margin left if gold drops down to $ 1050 as is being predicted.
legobrickgirl
Posts: 3,653
Off Topic
Opinion:No Opinion
Price:10.13
View Thread (2)
RE: RE: forward sales
26 Jun '13
Not today NH. This share is really letting the side down. If it wasn't a goldie I'd top up, or buy in for an entry point. Bad Gold shares. You can tell Uncle is in here also!
nighthawk
Posts: 44,060
Observation
Opinion:No Opinion
Price:11.00
View Thread (2)
RE: forward sales
25 Jun '13
Seems to be Holding its own atm...might be to do with ALL the shares being bought up recently from the BOD/ii's etc etc...
K3VMC
Posts: 4,005
Premium Chat Member
Observation
Opinion:Strong Buy
Price:11.00
View Thread (2)
RE: forward sales
24 Jun '13
Mike, it could be just the general doom and gloom. If I was making a market in SHG, I would be walking the price down too. Even if they pour just 30,000oz in the first six months, that will be roughly £18m revenue (30koz x ($1400-800)). We should be looking at a maiden profit for the full year of about $28, or 8c per share (5p). WIll the sp be this low after half-year results are published? I don't think so. Get a few of these in stock and knock them out in August.

Really, what more could you want in a gold producer? Not only do they tell you how much gold they sell on a more or less monthly basis, but they also tell you how much it costs to produce and how much they are getting for it!! Arithmetic on the current production figures alone says this is a strong buy. Then add in buying by directors an IIs, plus their exploration licences.... what more could a PI want??

Sadly, I'm out of ammo at the moment.
mike29
Posts: 830
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: 4,005
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: 10,181
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: 2,042
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



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