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So I was right with what I said - the gold pour was priced in. I sold at over 12p and you can't do that today.
However, don't accuse me of being negative on SHG, I'm glad I bought back and got back in as deep as I was.
"Brilliant Noel pleased you’re back onside " - I was never off side.
It was just that you are too stupid to understand my words StaceGibbs (Mr Angry).
A lot of £20,000 ISA , new tax year allowances will be looking for a home next week. Shanta is absolutely ripe.
If this doesn't go over 013 today then MM's have to much influence in this game
Singida will increase production by 50% (100k p.a.) and turn a cost center into a profit center, i.e. more cash to develop West Kenya. Plus the team's ability to deliver in Singida: production in time and within budget and their skills to keep extending New Luika mine life is testament to the high quality of Shanta's employees. Next step: a potentially set of amazing deposits in West Kenya, organic funding and a great team: perfect combination to bring West Kenya/Shanta to the next level.
First gold pour of 35 ounces was on 30th March 2023. In the nick of time!
Fantastic news.
SHG will be making serious amounts of cash now.
No way that it should be under 20p.
Who cares ! Idiots if sell now - this is the start
News as expected hopefully no sell on news brigade but good to see, market was expected this
Great news and on time !
First gold pour!!!!
And in the timeframe and in budget.
With gold price as it is and the figures outlined below this should be 20p plus.
Major re-rate due
Yes totally agree
The West Kenya figures are insane!
1.76 million oz at an average of 11.45 g/t Au.
An average of 11.45 g/t Au!!!!!
That's just crazy numbers
SHG is no doubt the best small-medium cap miner around
Serious operation- 2 producing assets with the added bonus of west Kenya - one of the world’s best mines grade wise
Mid 20s target and then higher When bought out
Currently $1980
AISC will be circa $1100 with new mine on line
100000 oz per annum
That's $189mil revenue and $88mil profit
Those are some serious numbers!
.........intentional or unintentional a good pun Tony. It's Tanzania, it was never going to be done on time. Good chance to buy the dips as someone said.
GLA
Gold looking like it could attack $2000 again.
Wish I had spare cash to buy the dip today, an absolute steal
When we saw pictures of Singida it revealed lots of rain had fallen. It may have delayed tailings relining completion and they want to confirm that it was all complete with gold pour announcements. It was always going to be a close call to hit 31 March and any delay is probably very short. They may also want to line up staff near the said poured gold for photo shoots and the rest. If a Mining Minister wanted to be present it could result in a minor delay as well.
This is a great share, but they never released an RNS that’s on time, hence the drop as The market is not expecting it in March although the latest RNS suggested that it will be delivered… when will Eric realize that communication on time = trust I don’t know… either way as some suggest here this should re rate this year, esp once the $ in the bank increase.
I remember hearing/reading that they would be updating/confirming production at Sangida after gold pour, am i correct with my understanding? potentially could be why the news id being held while they forecast production rates on current operations?
Brilliant Noel pleased you’re back onside
My targets remain
Have a wonderful day
This morning I said - "The gold pour is priced in. When the RNS comes out, the sp will drop due to a rush of selling."
I think this dip has taken the heat off the price and now the RNS could send the sp higher.
I don't know, it's just an opinion. I took a gamble by trading the dip and it worked out well. My trades like that don't always win, but I take the chances.
As I told Mr Angry, I'm bullish on SHG, and on gold. On another board, I tipped SHG for anyone looking for exposure to gold.
The company has everything going for it - a well run company with growing reserves and good management plus the rising gold price (Mr Angry will like that) - so I expect the sp to rise, but prices don't move in straight lines so I will continue to look out for trading opportunities - so that means dips (Mr Angry won't like that).
the price will go nowhere till the market hears supposed good news. at the moment they are waiting for news of a delay and pricing accordingly. let us be honest, the directors seem determined to make them wait........
Nice work