wsg relies to much on those contracts ,prs will have eoy results very soon ime in at .33 an 34 an looking for close to .50 on news .paf look goodbut i would wait forthe bottom tobe established before taking entry or lookat short term chart atvb .
In a weak market. Shanta doesn't normally follow the gold price at all really since it's a miner rather than the actual commodity. Actually, being cynical, when gold goes down SHG goes down and when gold goes up SHG goes down.
Seriously, though this is one seriously cheap undervalued share. It's cheap on New Luika production prospects alone with all their other assets, GBG, additional exploration upside in for free.
To me this is the archetypal 'no brainer'. ;-)
Lastly, the most recent interesting snippet of news is the entry of Red Kite as a substantial shareholder @ 5.2% of the company (inc. warrants) This to me is curious as they are a major global player and SHG is very small for them to get involved with so what is going on there I wonder?
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