The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
NoelShempsky,
False accusation? I said nothing of the sort, it ratified my original thoughts of you not just wanting to be proved right!
Pot and kettle spring to mind with with your constant "I was right" posts and then wanting to tell the world that you were, instead of waiting for praise whilst the tumbleweed blows ;-)
Another medal muttley?
So itsyou, just made a false accusation against me (a trade 7 mins before I posted wouldn't appear on here until 8 mins after I posted, so I hadn't seen it) but rather than apologise for your attack, you have another go. That is shameful, but your sort are too arrogant to feel shame.
Buys coming in again, onwards and upwards
Gold at $2015, Shanta should move up accordingly, Q1 will be key in painting Shantas picture going forward, excited for these.
Nice start this week, Q1 results out this week too, exciting
I agree, I believe a takeout price 25p now or 35p as time and the gold price gets higher.
The valuation is absurdly low and right now investors are accumulating, I know of a few that are buying constantly. By year end Shanta most likely won’t exist.
3 companies wanted to buy Shanta
That was pre gold price at $2000 and most importantly pre 100,000 oz per annum
I have spoken before on here, AIM / LSE, in comparison to ASX and TSX has a seriously liquidity and confidence issue, the valuations of the Junior Resource sector in comparison to it’s TSX / ASX counterparts are way off, which will only hasten the demise of AIM / LSE listed companies as a result be that delisting to go private, listing on other indices or being taken over. LSE generally is not in good shape!
Specifically, to AIM, it only has itself to blame, it’s been a regulatory blackhole car crash for a decade now and outright theft masquerading as risk has been left unchallenged, as such serious investors have got up and left.
Shanta will get taken out, it’s only a matter of when and how much cash can we make out of it because it’s far too classy for AIM and extremely cheap as you point out.
booboouberbear,
you should have a look at another one of my flops in Tanzania....I think I'm down more like 85% on TRE (now TRX) and only down 70% odd on SHG (original investments),,,,was green back then...ok now!
The real crazy thing is that TRX has just had record quarter of 5.5k ounces.... and wait for it...they are valued about the same market cap as SHG.....go figure?????
To be fair I think it is pretty rubbish what our profits are with the price of gold up about 500% from when I made my investment in both companies maybe around 16 years ago.......If SHG had been properly managed and not skimmed off by our accountants with severe hedging to keep them sooo secure...... perhaps we could be seeing dividends more like 4p today!
What if gold had only appreciated by 5% per year to say £800 rather than £1,600...we'd be bust!
Whatever........ I hope we will get more of a share of profits soon enough but we are seriously undervalued in comparison with our USA peers...IMO!
Lol NoelShempsky, give yourself another pat on the back!
Someone's got to I suppose ;-)
"dropped below 13p 7 minutes earlier at 15:22" - plus of course, this site has a 15 minute delay on prices - so you have made yourself look a fool itsyou. Save your bile for people who deserve it.
"Predicting it will drop below 13p at 15:29, when it had already dropped below 13p 7 minutes earlier at 15:22, is hardly an excuse for self gratification!" - when I made my post the price that was showing on here was well above 13p, about 13.5 I think.
Think about it - why would I post a prediction of a drop that had already happened? It would leave me open to the sort of attack you have made. I've been on these boards for long enough to know what would happen, so I wouldn't try it.
I don't know where you saw a lower price but it wasn't on here, and if the price is there now, then it appeared later, this site does sometimes add trades from earlier in the day that didn't appear on time.
Mine guidance going forward will be 68-76k Oz per annum IMO. So reasonable to conclude steady quarterly numbers of between 17-19k Oz IMO.
if all goes to plan we should be utterly transformed as a business later this year.
He said debt will be melting away once Singida is producing, not in Q1.
I’m broadly in agreement with you booboobear, ‘strongest January in 3 years’ could mean the quarter overall was similar to Q4 2022.
Shanta poured 20,000oz gold in Q1 2020 when grades were higher and less than 15,000oz in Q1 2021 so we have a large ballpark.
As long as AISC costs are under control at around $1,300 it shouldn’t be received as bad news, because of recent gains in the gold prices. Did I mishear Eric say debt is melting away, this back in February??
Not wanting to wish our lives away but we have so much to look forward to this quarter with updates about Singida production increasing week on week and guidance for the year ahead.
And let’s not forget to mention the soon to be 3-5 million ounce West Kenya project grading more than 10g/t!!
Thanks for sharing the video call with Eric PhatStyle4321! I check here every other day but can’t remember seeing that one on here back in February. He was so happy with the gold price at the time (what was it?), now he must be jumping for joy lol
I thought it was quite strong. Found support at the previous resistance of 12.75 which it had struggled to break.
Because it's only 7% up in the past 5 days? Yeah...truly horrible..
Thanks for ruining my day Shanta.
" "It might even drop back below 13p on the plunging gold price" - I was right. "
Predicting it will drop below 13p at 15:29, when it had already dropped below 13p 7 minutes earlier at 15:22, is hardly an excuse for self gratification!
Hardly "plunging", merely a downward fluctuation surely?
Calm down lad, nobody likes a noel it all.
Noel you obviously have an agenda here with the negativity.
10 bagger I agree is silly.
But this could have reached 15p this week.
Alas gold has dipped but anything circa $2000 makes Shanta very undervalued at its current SP.
"It might even drop back below 13p on the plunging gold price" - I was right. That sort of irrational exuberance - 10 bagger, 15p, etc. - isn't helpful.
Gold back below $2,000. Is this a smash down by the cartel so that the end of week price is below $2,000 - important for technical traders.
"Steady buys again today, this will leg up later like yesterday" - wrong.