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Turnkey : Thx. Regarding "last month" it was in general terms. Exact date I checked, it was 20th Aug was 26th of June, as I sent them a email regarding Interim date.
I agree with you and Sensibles regarding current valuation. But if Kenya deal falls through for what ever reason (not saying it will), it will hit SP in short term, as lots of ppl counting that as a done deal. That will **** a lots of folks off as well as create a good buying opportunity for others.....Glass half full half empty scenario.....imho...dyor.
Barrick Gold stock up 8.11% after NYSE close
I don't think you are right asto. I checked the webpage archives and on 2nd July it was also just August 2020. No date
Witohut Kenya this is still generating 30%+ free cash flow yield. It should be closer to 30p even without Kenya OR Singida and just success in extending New Luika lom
Shanta Gold shares are well priced irrespective of Kenyan deal asto? Share price with good length of mine update and Singida news should be in the highest teens?
Colonel : Yes, 20th has been removed now, I checked it last month. Obviously something is going on in the back ground. I hope all good though as they were so confident about the deal being concluded in 3-6 weeks on 19th June presentation.
Barricks Q2 free cash flow was over $500m as apposed to $55million Q2 2019. IF the takeover route is explored, i would not be surprised in the least to see an offer on the table from them. What wasnt possible a year ago is certainly possible generating nearly 4x Shantas MCAP on a quarterly basis.
https://barrick.q4cdn.com/788666289/files/quarterly-report/2020/Barrick-Q2-2020-Report.pdf#page=8
offers some peace of mind if a low ball chinese offer comes in.
All in my opinion of course.
Colonel : Shanta website stated Interim on 20th Aug.
I believe that they had been closing the funding deal up. However with upturn in gold price Eric and team had far more lucrative options to look at. Hence the lateness.
If the deal is with T gov then the markets perception of risk involved with this stock would surely reduce as to have them literally on board with us would be as good as it gets in terms of a relationship with state. Re rating on that point alone in my opinion... let alone having 3 million oz in the reserves!!
Biggest perceived market risk imo is the Kenya deal. Once that is resolved a re-rate can happen. If you believe that's a certainty then don't complain at the price, load up while you can at these level's
Not my reading of the current situation. I can see 25-30p here if a few things happen. 1. Deal for west Kenya announcement confirmation. 2. Results from exploration in this year's campaign (hopefully) positive in terms of LOM. 3. Gold maintained around $1700-2000 level by year end once the hedge is cleared.
Shanta is currently overlooked but if/when the above are announced I'd expect this to be comfortably sitting around £250-300m mcap.
Should have read ... AT time of posting ... and Sjm321. Sorry!
Think you may have something Sjm123 referring to the Colonel's suggestion of Shanta Gold linking up with the Tanzanian Government. Shanta not publicising praise from the government on their twitter handle at time if posting. Underplaying the link until something is official ??
I havnt seen the interview no sensibles. If anyone can find a link I’d be interested...
This feels like the calm before the storm CD. Some huge movement in shares for weeks, no real effect on the SP, yet not a word from the captain. Not even a TR1. Something large is happening behind the curtains and we can only pick up a small shadow. I’ve always said Eric has something up his sleeve. What it is I don’t know, I like the idea of your Tanzanian Gov. coming on board CD. After the mention from them too earlier in the week it definitely has added some substance to the theory! We know that Luke and Eric have been touring around financiers to the projects and who knows what they may have stumbled upon. All I can hope is we’re not disappointed by some mediocre offer and all this excitement comes to an end. I really can’t wait to see what Shanta will look like come the end of September. I think we’ll be shocked.
As always this is only my opinion.
Also, no one appears to have seen the webinar due with very independent research.org which was pencilled in for 10th August. Did it go ahead? or may Eric be keeping good news for the near future???
Stockopedia - Shares in Shanta Gold bounce back
https://www.stockopedia.com/articles/shares-in-shanta-gold-bounce-back-from-market-chaos-104868
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