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We been waiting for this re rating for years… itd a shocker we are at these levels after latest news… don’t know what the market needs for this to move.
This should be on 13p instead of the 11 handle. At some point Shanta will get a rerating against other precious metal miners.
Gold price attacking its highs again as predicted now with higher oil prices as an additional tail wind.
M and A will and is happening in the sector
We get taken over imo
Chinese will be back -25/30p no problem
I wonder what Eric meant when he said that some “big names, big people” would be attending the WK workshop. Strange wording if he is talking about Internal Shanta people.
https://www.reuters.com/markets/deals/teck-resources-rejects-unsolicited-acquisition-proposal-glencore-2023-04-03/
With dirt cheap valuations there's going to be a lot of unsolicited offers out there at all levels like this. The vultures will probably pop back up here before too long.
I'm aware of that. I meant further buying, but perhaps you were talking to NeverWithoutMeWi
It already has institutional investors, they own 24%, hedge funds own 20%
If II/funds want in then they will put in a low ball limit order say 10p, and the MM will lower the sp to fill the order.
"he expectation of that happening soon" - I ought to have explained.
Analyists and fund managers will be watching SHG, obviously. They will have seen the progress being made, but they don't make snap decisions. Last year the company described events as "transformational". Despite that, the funds managers seem to have held off, but I think that recent progress might be the bit of persuasion they needed to tip their decision in favour of buying \ persuade them the the time is now.
Plus there is still the chance of bigger and better takeover offer coming along, one with a realistic price to make the board recommend it - and I have over 30p in mind.
"For Shanta shares to rally in price, we need institutional investors to join the party" - and the expectation of that happening soon was one of the factors in my decision to buy today.
Bugger, Either way they have problems, the oil price also pays a large part in inflation pressures, people forget that.
For Shanta shares to rally in price, we need institutional investors to join the party, for that, we will need a couple of quarters of production in Singida (problems can occur in the first few weeks of a new processing plant) and some progress on WK: more drilling, emergence of a PEA. We do not need a crisis that will propel gold price higher than 2000 for Shanta stock price to be re-priced higher. Patience. Shanta shares are under-value IMHO. The train is on the rails and gaining speed.
If they keep rising interest rates into this, then then the banking sector and its unrealised loses and REITs will all explode at once. That's a bold call.
Angelis, agreed...but the Fed will also keep hiking (using the rising inflation as the excuse).
Oil price up because of OPEC cuts, some targeting $95p/b, so inflation will go up which means Gold price will rise and has today. As Schiff says Inflation isnt going anywhere, why? because they will keep printing money everywhere to prop up their countries, i dont only look at the USA, we live in a global economy and Socialism will keep fuelling inflation.
Interesting comments about a high-level workshop in Kenya in a few weeks / possible early commencement of mining operations at WK.
03-Apr-23 10:37:27 11.199 202,000 Buy* 11.00 11.25 22.62k O
Either this board shows an inaccurate time or my broker does, but I bought after my post about my intention to buy and that is time stamped 10:38. The deal was done after that.
202,000 bought.
I have a reputation on these boards for honesty and integrity and that is because I back up things I say with evidence.
Recently, I was dragged into a bit of a spat when I posted a comment on the likely effect of the gold pour RNS on the sp. Somehow it ended up with me posting about selling and buying back and of course, as happens on these boards, totally baseless and unfounded accusations were made against me.
Therefore I propose to do something I don't usually do. As a believer in the potential for SHG (one of the false accusations made against me was that I am negative on SHG) and thinking that today's price is a good buying level, I intend to buy more shares and I will signal my purchase. I was going to buy another 200,000 shares, but to signal that it was me, I will buy 202,000.
Look out for that trade. However, I am putting myself at risk here. I will be buying within an ISA and my ISA trades are always late in showing up and I'm not sure about this, but sometimes don't appear at all, so I hope that doesn't happen today. If that happens I will get all kinds of accusations.
As I say, this isn't usual and it is really my business and no one else's, but I wish to maintain my reputation for truth and honesty. If there weren't such nasty people on these boards, this wouldn't be necessary.
The Paul Craig Roberts article is well worth a read. Thank you, Noel.
There are lots of pundits out there but this man stands out - Paul Craig Roberts, taught economics at Washington University, was an associate editor of the Wall Street Journal, was listed by Forbes magazine as one of the 100 most influential Americans and in his time as the Assistant Treasury Secretary to President Reagan, he devised the policies that became known as Reaganomics -
"Why the Dollar-based International System Is Breaking Up".
https://www.paulcraigroberts.org/2023/03/29/why-the-dollar-based-international-system-is-breaking-up/
"China And Brazil Strike Deal To Ditch The US Dollar".
https://www.zerohedge.com/markets/china-and-brazil-strike-deal-ditch-us-dollar
"Saudi Arabia Joins Shanghai Cooperation Organization As It Embraces China".
https://www.zerohedge.com/markets/saudi-arabia-joins-shanghai-cooperation-organization-it-embraces-china
"Celente On The Death Of The US Dollar And Skyrocketing Gold"
https://kingworldnews.com/celente-on-the-death-of-the-us-dollar-and-skyrocketing-gold/
Simply wall St has a 24p target. I think the in house broker has staged targets of 17p, 24p and 36p.
Brokers are re- assessing Shanta over the next few weeks after the opening the new mine and end of years results.