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Shanta Gold Share Chat (SHG)



Share Price: 8.875Bid: 8.75Ask: 9.00Change: 0.00 (0.00%)No Movement on Shanta Gold
Spread: 0.25Spread as %: 2.86%Open: 8.75High: 8.875Low: 8.75Yesterday’s Close: 8.875


Share Discussion for Shanta Gold (SHG)


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Dibs61
Posts: 6,492
Premium Chat Member
Answer
Opinion:No Opinion
Price:9.38
View Thread (3)
RE: Tyrell
28 Jun '13
Crikey mike give me a chance I didnt even know I'd been ASKED a question when I made that post! I have endeavoured to give my case to Tyrell in my reply. SHG are one of the cheaper producers and are aiming to bring their cash costs down further re previous RNS issued this year, op update April I think.

Look mike if Gold actually dropped to $800 (which it won't btw) numerous mines would close as you say and supply would be switched off. Hmmmm now what do you think that might do to the gold price when demand drastically exceeds supply. I believe Gold is nearing the bottom of what is already a very large correction and we may reach a final climax of selling yet but it is massively overdone. Markets have a habit of overshooting. Anyone who thinks that gold will remain suppressed for long in such an uncertain global outlook (sustained low interest rates, huge debt, weak currencies etc etc) is missing a fantastic opportunity.
 
Dibs61
Posts: 6,492
Premium Chat Member
Answer
Opinion:No Opinion
Price:9.38
View Thread (3)
RE: I ain't going nowhere
28 Jun '13
They've forward sold almost half of this years expected production:

"over 30,000 ounces through to March 2014 at an average price of $1,398 per oz."

Whether that is enough remains to be seen of course. It depends almost entirely on your view of the gold price going forward. It must be clear to you that I am bullish about the gold price. Why? I am bullish because we are simply in a bull market correction period. I think Bernanke is NOT going to be able to turn QE3 off. Indeed if you actually read what he has said he has NOT said that he will taper or switch it off UNLESS unemployment, growth, inflation etc fall within certain parameters. The truth is that central banks are in a hole, they cannot stop the bond buying or markets will crash. So, if they keep buying that will bring net interest rates back to negative which is bullish for gold. They need to make inflation. If they stop the QE markets will crash and in that situation which asset class will investors turn to? Gold. Either way, Gold will be where the money will flow to. Its not a question of IF its a question of WHEN.
mike29
Posts: 892
Off Topic
Opinion:No Opinion
Price:9.38
View Thread (3)
Tyrell
28 Jun '13
Dibs didn't really answer your question. he says the sp is cheap, and it probably is, but what if the gold price continues to drop, where does that leave shanta. a few months ago when gold started dropping, the so called analysts/proffessionals predicted it could go as low as $ 1200, now they are saying as low as $ 800. if this happens then we can only assume that most gold mining companies would be making gold at a loss, therefore gold would then ceased to be mined, thus creating a massive shortfall of gold. shanta seem to have taken a bigger hit on their sp than most other gold companies, even though they are selling more than half of this years gold at around $1400, they should be still producing a decent profit for this year and will know that they will need to find a way of reducing costs longer term, as to how long they or any other company survive, who knows, if gold can stay around $1300/1400 then shanta should still be able to produce good profits longer term. if it continues to drop then where is the future gold going to come from when most of the mines are closed.
Dibs61
Posts: 6,492
Premium Chat Member
Observation
Opinion:Buy
Price:9.63
Shanta
28 Jun '13
People are making a BIG mistake selling now at this ridiculously rock bottom prices. What you should be doing is backing the truck up lol.
Dibs61
Posts: 6,492
Premium Chat Member
Observation
Opinion:Buy
Price:9.63
Very very cheap
28 Jun '13
As the £1 fish man says. :-D I've just topped up @ 9.6. Don't mind if I do sir.
Tyrell
Posts: 71
Off Topic
Opinion:No Opinion
Price:9.88
View Thread (3)
RE: I ain't going nowhere
28 Jun '13
Dibs do you think that Shanta have done enough with forward sale contracts to enable them to ride the storm out. There's talk of gold price being hammered for another year. Will we survive? As you can probably tell I'm new to this so interested to hear your views. GLA.
Dibs61
Posts: 6,492
Premium Chat Member
Observation
Opinion:Buy
Price:10.00
View Thread (3)
I ain't going nowhere
27 Jun '13
No way am I capitulating into this savage gold price correction. Because that is all it is. A correction in a very long term BULL market. Anyone who thinks the global economic problems have just upped and floated away along with all that astronomic debt is mistaken. QE3 on the way out? Yeah right......

Tremendous, possibly once in a lifetime, buying opportunities opening up if you have the cash.
K3VMC
Posts: 4,498
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:10.00
Very sad
27 Jun '13
Very sad that I've used all my resources up and could not get more of these on the dip. Guaranteed, barring acts of God, to make a maiden profit with 30koz already ordered at just under $1,400/oz. I have NO idea what the price of gold will be next year, but I can't see India or China failing, or their love of gold diminishing, so betting on an upturn. All IMHO.
rhjoyes
Posts: 516
Observation
Opinion:No Opinion
Price:9.88
VERY SAD
26 Jun '13
I thought this and GDP were my safe havens, yet they have both taken a fall.It seems nothing is free from manipulation.Hopefully one day sanity will return.
SUFCESSEX
Posts: 2,610
Observation
Opinion:No Opinion
Price:9.88
Market manipulation
26 Jun '13
No great selling on Shanta gold shares I would say we had more than double buys to sells over the last few months and we gone from 23p to 9p

its called Market manipulation

its nearing to fill ya boots up with this baby as this will turn into a 500 % rise over the the next 18 months IMHO

Once in a lifetime boys and Girls :-) ( Do Your Own Research )

FYI Billy you know how its works mate ... be patient and play the game time to buy not fly and lose out to the market makers





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