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I agree, Eric knows this is his chance to gain credibility back in the market after the guidance miss.
I know that a lot of investors will be watching closely and also on Singida.
To the here and now, the funding of WK is meaningless to the SP.
All that matters is a positive operational Q1 update.
Eric said they are having a workshop with some big names regarding WK, if they went into a JV where a partner would put most of the mine costs upfront this would leap Shanta right up there, I believe this is Eric’s plan and with gold prices this high, many suitors will be lining up
To which might be added the $20m Stanbic loan is a 5 year loan repayable over 4 years starting this September ie $5m per year. The $4m Stanbic overdraft facility was upped to $10m in January and at 31 December 2022 they had only drawn $3m or $3.5m (depending on which of the alternate figures presented in the accounts you want to believe). They have plenty of time to repay the bulk of the borrowings and have got good short term leeway in terms of overdraft facilities.
The issue on debt/funding is really WK - how are they going to fund that? I think when we have more clarity on that that should help the share price.
Getting this vat back is taking some time imho but in the scheme of things profits rising so debt is being reduced imho
@1200-1300 AISC Shanta generates 70 million$ p.a. Ebidta from its 2 mines ... there is absolutely no problem serving the short-term-debt ...and there is a possibility getting back the VAT from tanzania as addional source of cash.. debt will go down very fast from now....
LuckyLuciano
Obviously you understand a balance sheet as you note issue of short term debt and intangibles. Q1 results won't help much, we only get a true snapshot of those once a year.
Net debt is one to watch, currently $24m but short term creditors will not be disclosed.
It's a bit tight but hopefully can be managed without more debt and hedging before future increases in revenue
5 Hourly and 1 hourly charts are down. We shall see what happens in Asia overnight. Gold miner ETFs in some case were down over 1% so only a small move thus far on miners. A case of whether they run the channel on lower highs and deeper lows. Also need to bear in mind heavy jewellery buying can dry up in May from the India market as it is influenced by how good the monsoon season is.
Fall was overdone here
Phat, i know, thats why i posted it.
I reckon drop could go to 1950ish and then hopefully back to 2050+ :) Time to raid the kids piggy bank & buy sum more GLA
Peter is a top economist, keep the faith with gold miners and shanta, gold price dip is a buying opportunity
Results now week commencing w/c 24 April 2023 Q1 Operational Results
Dave, you mean controlled by the Western powers !
Eric has a chance to win the market back with Q1 results tomorrow, I suspect he has an Ace up his sleeve. We are behind you Eric !!
Debt is melting like butter
Gold bubble bursting shorterm ??
Another day like yesterday!
Weird trading....PoG off $30 too..
Trading was very strange seemed like someone acclimating while someone selling, either way results will send us either higher or lower.
Eric is very aware that the miss hurt his credibility and with the additional equipment purchased at the end of 2022 should help with hitting quarter records.
Either way Singida ramp up will be what we will be looking for.
Come on Eric redeem yourself !!! I think Shanta is going to surprise hugely to the upside this week
LL - I seem to recall you from 5+ years ago but can't remember if it was SOLG or a.n.other. Seeing the debt "melt away" (a la EZ) would be very welcome. Magufuli policies in Tanz were a hindrance and a few more initiatives from Mama Samia would be a help.
Does anyone know if the rash of trades printed @ 13p this afternoon were all sells (allegedly) ?
Be interested to know what folks think is a set of positive results.===========
A good start would be to be able to pay back the huge amount of debit on they balance sheet.
Or even to make a profit, could be something to celebrate, considering that till new mine is not fully commissioned, costs will be greater than profit. Never seen a small gold miner with such a huge intangible asset value, like Shanta.
Share prise is fully dependent on POG, expect great volatility...
Looks like we have a big buyer willing to soak up shares at 13p
Boobear agree with your estimates and sentiment. Exciting position we are now with NL production at 5,500-6,500 ounces per month and Singida producing 1,000 ounces per month equivalent on day 1 of the pour.
Guesses for where our daily pour will be up to now we are 3 weeks into ramp up?
I’m guessing 55 ounces per day (1,600 per month equivalent)
the 12.25-12.85 channel that acted as a strong resistance is now a support . 14.5 is the next target IMHO. Then 17.