Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
HUM hasn’t hit the 5p Target to buy back in yet.
I’ve only seen this a couple of times before. Create a flash crash of seemingly irrefutably destructive news. Decimate the share price. Discredit management. Go in for the kill and pick yourself up a cheap mine.
I still think the share price is going to drop a lot further so I’m waiting to buy back in.
It’s all up to hummingbirds management to come out fighting it’s their only hope.
It’s terrible that the management is so terrible, but they do have an extremely good goldmine. If The share price goes down to 5p I’ll continue buying in. The gold price will rocket taking this Up to the 20 or 30p region
Banking collapse imminent. NYCB is on the edge others to follow like lemmings over a cliff. Gold to rise.
Threat to close the Strait of Hormuz, raised to critical. Oil price may go through the ceiling.
Gold now holds tier 1 status in all banking reserves as the bedrock of the new world banking system.
International banks are going through the final implementation of basel 3 endgame rules.
China has implemented along with other countries. US and UK banks are the last ones to submit to the new rules.
UK mortgage lenders are increasing interest rates (manning the barricades) (Shoring up protection) against Banking Crisis 2 that started on Monday, the 11th of March 2024.
I decided to start buying back in and hold for longer. Selling out last week for just 8.5% profit didn’t really justify the rise yet to come.
One more push for gold this afternoon then it needs to takes a breather. Im out. And waiting for a bit more Hum news to come back in.
A new banking crisis is about to hit financial markets like a sledge hammer. Gold to rise further.
Looks like were heading for a 5x share price rise,
Started buying back in here yesterday. Next stop for gold is $2,450.
Taking everything into account. Gold price. Gold price forecasts. Gold futures prices. SHG’s scaling up production and the following Re-rating. Bidding war around possible takeover. Raging inflation. The flight to safe assets. ETC.
And taking into account SHG’s current cheap as chimps share price.
I think it’s sensible to be in rather out. I don't want to miss out when this thing sets off.
Seeing as you mentioned HOC Hochchild. It’s beaten down over delayed permit issues which are due to be resolved, at which point it should x 8 back to the 600p area. However it highlights Shanta’s problem (it has no problems) every box is ticked and should be trading way above the current SP. Take Hum as another example, it’s doubled and trembled to its current share price(i have sold my Hum shares as they have run their course for the time being).
Shanta is too attractive for the big boys to ignore, like bees round a honey pot. I’ve no proof but the buying of shares probably through multiple accounts at a fixed level with the market makers unofficial consent keeping the price down prior to a takeover later this year is shocking But i don't see how anyone can do anything about it. Total greed.
Just sold, just short of £12,000 (£11,705.52) worth of Shanta shares. The buy went through instantly which doesn’t correlate with a lacklustre share price. There is obviously a big buyer in the background in cahoots with the market makers holdings the share price down.
Its a pity but No money to be made here for a while.
Shanta always lags the market making it easy to get in when you think you've missed your chance.
It’s often a way of protecting a company from an automatic rollout of fines from HMRC ETC and others, until auditors and office staff piece together any missing information For example to make April 5th end of year returns correctly.
China has to raise its Gold to GDP ratio in line with Europe (4% of GDP) by selling dollars. It successfully exports loads of stuff to the US and receives US dollars in return which are useless if you want to invade Taiwan. The US has the ability to freeze all China’s US dollars as they did with Russia recently.
China needs to purchase another $600 billion of Gold before they invade Taiwan. To withstand the US rocking their economy. Xi has promised the repatriation of Taiwan as a priority in his lifetime.
Taiwan’s very large gold holding would become China’s on a successful completion of any invasion.
China could push the Gold price to massive highs in pursuit of its foreign policy. Some suggest $10,000 for Gold, pre any Taiwan invasion.
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.