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"the SHG sp has been in the doldrums for years" If you're taking a longer term outlook then I agree it's suffered worst than most, but for obvious reasons specific to the stock. Gold fell dramatically between 2011 and 2016 however this was coupled with the Acacia debacle owing to the government's stance on foreign miners. I know it can be tough selling at losses but sometimes you should as the opportunity cost (that is missing out on opportunies) will hit you harder over the long term.
In regards to the lack of dividends I'm not privy to the precise reasons but clearly debt overhang has been an issue and the speed in which it has been reducing up until recently has been very slow. That appears to be improving and with token VAT repayments coming up the prospects of a maiden dividend are looking rosier by the day.
TSG has been a standout performer for me this year and I was in at 33p when it was yielding more than 12% at the time, long before the crowd descended and managed to offload all the way up to 124p earlier this year. It's stuck in the doldrums at 70p thereabouts now like a number of other well regarded small-cap goldies, AAZ and HUM.
The recent leg up here from 5-6p to 10p was a sector driven rerate off the back of gold rising we would probably all agree and since then funds have left the sector. We are due the next set of quarterlies for these stocks in the next 6-8 weeks I believe and with gold remaining fairly strong throughout the quarter, I'm hoping to see more interest.
We should also expect some weakness as we are in the middle of Brexit and a General Election that could end up throwing the UK back into recession if handled poorly.
CP52, your Tue 21:22 comment - fair points.
Life is a big if - yeah, but there is realism and there is dreaming.
I used to be a dreamer about SHG. Years and years of having my money tied up here missing out on risers has turned me into a realist.
See Spotify for realism.
Sherminator,yes totally agree with you ive been adding and my partner ,this will bounce big time one day imho
I'm with Noel. I too have held SG for years and echo the sentiment that despite positive news this share is resistant t to movement. Brokers predictions have been historically wrong consistently (shows what they know) and all talk of dividends has simply been that - talk. 'Undervalued, good to go, on its way, about to fly' we've heard it all from newbie investors in this share. When I bought in at 20p (and higher) the talk was of it hitting a pound. The next thing we knew it was 5p. CEOs have come and gone, many praised as industry experts with experience to get this share on track. Despite the more recent boost in the gold price, this share still dithers and dallies and can't make its mind up. To see It react negatively to what many would consider positive news is nothing new. In fact it just sums this Goldie up nicely.
Thank you for trying to be informative CP52, but I do know that. Don't forget that I have been in SHG for many years.
The big snag - "If".
Sorry chaps, got to be brief. must go out -
"gold producers have been in the doldrums for a couple weeks now" - the SHG sp has been in the doldrums for years.
"dividends thereafter in my humble opinion" - a couple of years ago they alluded to dividends soon, so I topped up - it never happened. See what I mean - this share has loads of promise - but never delivered.
"Miners are for those with the patience of a saint and then some" - yes, but the cash tied up here is losing opportunities elsewhere. It's a dead duck.
Sorry, and hoping that I am wrong about future prospects and you are right.
Sorry chaps, got to be brief. must go out -
"gold producers have been in the doldrums for a couple weeks now" - the SHG sp has been in the doldrums for years.
"dividends thereafter in my humble opinion" - a couple of years ago they alluded to dividends soon, so I topped up - it never happened. See what I mean - this share has loads of promise - but never delivered.
"Miners are for those with the patience of a saint and then some" - yes, but the cash tied up here is losing opportunities elsewhere. It's a dead duck.
Sorry, and hoping that I am wrong and you are right.
NoelShempsky it's not just Shanta, all London listed gold producers have been in the doldrums for a couple weeks now. Money has been leaking out the sector despite the news issued here recently with the $1.4m VAT refund and todays significant increase in reserves and resources.
Cookiecrew2019 it's been completely overlooked but I guarantee sooner or later interest will return to the sector and Shanta are making all the right noises at the moment. This is fast becoming my favourite PM stock for the year ahead with net debt likely to turn positive by the middle of next year. Also expecting HUM to outperform the likes of cash-rich / growth poor producers such as TSG and AAZ. It's all about the increasing output first and foremost, moving to net cash second and increasing reserves, dividends thereafter in my humble opinion.
With due respect CP52 - go back on this board more than two years ago and you will many posts I made of a similar nature to yours. I still think that Shanta is a good company with good management who really know what they are doing and doing everything right.
This is my point - for years we have announcements like today's but the share price is immune to good news.
I'm not trying to provoke you. I agree with you about the positives and I even used to think that this could hit 75p, but the sp is immune to good news. Sorry - I doubt that we will see a decent rise in the foreseeable future, and, of course, as a shareholder I hope I am wrong about that.
Amazed at no reation to today's rns imho
Sorry CP52. I've been in this for many, many years and I have heard that sort sort talk too many times. It ain't gonna happen.
"the usual dismal reaction to more good new" - agreed.
"One day Rodders" - sorry, it ain't gonna happen.
No surprise to the usual dismal reaction to more good news
One day Rodders........
Indeed Roty, nice increase in resource
Really good. Significant increase in resources.
Rns out nice update ......