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You lot make me laugh... you just don't get the fact that many big holders have been using liquidity for the last two years to sell down and out and they find a market all the time with retail investors, hence the spikes and drops and wide spreads. You only have to look at the chart and volumes and you should question why the large spread when volumes are comparable with other miners on much narrower quotes. The only relationship to gold price in this share is the volume sells and it will be for the foreseeable sadly. They missed guidance on production and even last week Shares Mag had them as a sell recommendation from buy, citing operational risks.. get some objectivity as you are only ramping to each other ...
Topped up again
What's going on with this share? Thought it would be up, up and away not pulling back to 11.25
Should be 20s!!!
Value will out, with the gold above $2000 fair value on SHG is 20p
I can't belive this isn't in the high teens
This is so undervalued it’s crazy…
Gold flying
There we are - I did say to give it a few minutes
"especially sleepyt" and always moves with gold.
right.......this wouldnt be 20p at $3000 gold, lets be honest
It is especially docile today. I guess even the hot money is waiting for the new ISA.
i must be looking at the wrong ticker, i have SHG, rest of you must have something else ?
Give it a few minutes.
"Shg really reacts well to a good move in the gold price"
SERIOUSLY ?????
Gold looks like over 2000 will be tested
Shg really reacts well to a good move in the gold price
Being unhedged it’s excellent
That’s why producers are the way forward
Sure does...but isn't it well that the price of gold is £1,585 per troy oz. 16 years ago gold was £336 and our SP was 49p....go figure?
Wonder how our BOD "accountants" would be fairing and what decisions would be made on £800 gold if that were the case??
Really with the way gold has been rising against currency...we should be doing better SP wise!
Q1 I assume you mean?
By the way the current 0.2p/annum dividend costs the company about £2m - around 3% of the profit they should be making over the next 12 months if the gold price stays around the current level (and a much smaller fraction if it takes off to new highs like some are predicting).
Nearer 2% given this is a six-monthly dividend, which not so long ago was much more than you could get in the bank.
Not too shabby a payment if you own a few million shares, and I'm sure they will look to increase it over the next 12 months.
1% divi is pretty embarrasing, no one is here for the divis. I'd prefer the money was either reinvested back in the company or spend it on a share buy back.
This VAT claim is taking AGES, is the Tanzanian govt always this difficult to deal with? I'm not sure its coming.
I would have thought that Q4 production results may be indicative, even taking account of the minimal period in which Singida was producing. The company must also deliver a profit rather than after tax losses, minimal as they were for 2021 and 2022.
Is there a rising wedge on the the Technical Chart?
https://www.lse.co.uk/ShareChart.asp?sharechart=SHG&share=Shanta-Gold&chart=technical
See the 1Y chart - the upper line runs from the spike labelled "Week from Monday, Nov 7th 2022" to date, and the lower line runs from the spike labelled "Week from Monday Dec 5th 2022" to date.
Does anyone agree that it looks like a rising wedge forming?
If it is, then I think we can expect an upwards breakout in about six weeks.
Look at the last year or so !? Lots of people got caught on the spike !!
Yeah, but with GGP at least I'm still up 599% (despite losing £600k in paper profit since December 2019) whereas here I've yet to break even!