Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Whilst this share is rather quiet, does anybody have any other interesting companies, if so would be nice to hear it? I been researching Gold producer Shanta Gold - SHG.L, with POG bullish, all senior staff agreeing to take 100% of salary as shares, dividend evaluation Q4, it looks like it could breakout. 2018 Guidance Improved CAPEX reduction: $15.9m (2017 : $36.4m, 2016 : $54.6m) Improved ASIC price of $680-$730 per ounce (2017 : $747) Increased Gold Production 82,000 - 88,000 Ounces(2017 : 79,000) Increased G&A Cost saving target : $7m (up from $5m) Increse in cash balance 2017 Milestones(resulting in significant CAPEX reductions) -7.5 MwH Power station installation -Tailing Storage Facility completion -Water dam built -Suppliers + G&A cost savings of $8.7m -Cash balance increased to $13.5m (from $8m) -VAT repayment $3.4m -Reduced site personnel headcount to 759 people(Jan : 1177, Jun : 1075) -15% reduction salary for Senior Management and now fully paid in shares. 2018 Schedule H1 Singida Exploration Pt 1(Drilling) & 2(IP) Installation of pre-leech tank in April - expected to increase recoveries by 1.5% - 2% $7.9m Debt Repayment H2 Ilunga mine plan re-sequencing Exploration of Bauhinia Creek extension which remains open at depth Evaluation of Dividend policy $15.7m Debt Repayment Potential Catacylsts VAT Repayment of $14.5m from Government Dividend Policy 2017 AISC Comparisons Lower = Better Barrick Gold (NYSE:ABX): $745 an ounce. Shanta Gold: $747 an ounce. Goldcorp (NYSE:GG): $850 an ounce. Eldorado Gold (NYSE:EGO): $860 an ounce. Agnico Eagle Mines: $875 an ounce. Yamana Gold: $900 an ounce. B2Gold: $955 an ounce. Newmont Mining: $970 an ounce. Kinross Gold: $975 an ounce. Gold Fields: $1,020 an ounce. AngoGold Ashanti: $1,075 an ounce.
John Kennedy also sold all his Proxama shares http://www.lse.co.uk/share-regulatory-news.asp?shareprice=PROX&ArticleCode=4ll4tiyc&ArticleHeadline=PDMR_Dealing I think you should route that post of yours to mark slade for clarification. John Kennedy is a little rat, so it would'nt surprise me one bit.
cheeko, the buy/sell data reported isnt 100% accurate, it has to be assumed from the current sp and the bid/ask. Graham may have said the last 2 were buys because he actually made the trade himself? despite the incorrect reporting.
http://www.shantagold.com/_resources/news/2018/Q4%20Presentation.pdf Pretty impressive that every expectation was met or exceeded... Page 3 shows an impressive graph(right side of page) showing production increasing and capex falling - especially capex being expected to be reduced by more than 50% this year. Also this year expected to reduce Gold AISC further from $747 to $680 - 730 per ounce. With all these improvements + gold price increasing + more VAT repayments(hopefully) + dividend evaluation + additional annual savings, - it's looking more and more likely that we will breakout of the 9p downtrend and from there who knows...
Lower = Better Barrick Gold (NYSE:ABX): $745 an ounce. Shanta Gold: $747 an ounce. Goldcorp (NYSE:GG): $850 an ounce. Eldorado Gold (NYSE:EGO): $860 an ounce. Agnico Eagle Mines: $875 an ounce. Yamana Gold: $900 an ounce. B2Gold: $955 an ounce. Newmont Mining: $970 an ounce. Kinross Gold: $975 an ounce. Gold Fields: $1,020 an ounce. AngoGold Ashanti: $1,075 an ounce. Shanta looks to be dong very well to be honest.
Tomat02, The VAT repayment is not guaranteed, we are also still $54M in debt. The new legislation also increased royalty rates from 4% to 6%. However putting that aside if the VAT payment does come in - which I think it will - and we can also reach our new annual savings target($7m instead of $5m), I think we could see a good boost to the sp. Hopefully the VAT comes in sooner than later...
Graham, its prety important that we break above 8-9p over the next 2-5 months - if we dont its almost a certanty that the SP will continue downwards... Wouldn't surprise me if it does decline down its due to another placing. However I hold and believe we will break above 8-9p...
We are up by 6%, it looks like todays buy of a whole 50 shares has got the market makers thinking twice.
lol, you dont have to feel embarrased by your topup mate, everybody starts off low.
Algy has commented on the delayed approach - along the lines of more time allows him to select a better partner. I would rather wait 4 months for CLNR to keep a 30% stake in the license and partner with a Major, than a deal tomorow where CLNR keeps only 20% and partner with a unexperienced small company.
The problem is you are trying to put a date on something you dont know. As it stands we was told before end of Q2, so if you dont get your hopes up for a much earlier farm out, you wont be let down. Hold and forget, when end of Q2 is near atleast you have better reasons.
Actually I think it was before end of Q2 not before Q2