focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
“Singida has absolutely blown the lights out,” says Zurrin. “It was built by our in-house team for little more than half the cost that would have been incurred if we had gone the conventional EPCM route and it’s working even better than we expected – with production over the first few months exceeding budget by 15%. The costs of production are also remarkably low at an AISC of just US$736/oz.
https://www.miningreview.com/east-africa/singida-supercharges-shanta-gold/
Looking forward to the Q4 Opps Report in Jan - wont be 12p for long.
Shanta about to leave the station here.
Good to see profit takers - they can only sell once.
Sets us up for a bigger next leg
Doors getting blown off here any day
Strong close on the cards
Stock getting tight
@Borg eyeing the breakout --
. I do like SHG too and the breakout could be close. HOC already has made the move.
Shanta is about to pop
should be around the 20p mark
With its second Tanzanian mine, Singida, now in commercial operation, AIM-listed Shanta Gold has become a diversified 100 koz per year gold producer. The company’s CEO ERIC ZURRIN tells ARTHUR TASSELL that Singida – which is operated by an entirely Tanzanian workforce – is performing very strongly and has confirmed Shanta’s status as one of the most capable gold miners around.
Full article https://www.miningreview.com/gold/singida-supercharges-shanta-gold/
Not much left sub 11p
More recession fears with the retail sales numbers today.
Major gold move coming
Max buy 300,000 at 10.97p
Gold on the way to all time high area
@MylesMcNulty
Annualized EBITDA at current gold pricing sits at $80m+, against SHG's enterprise value of $143m. [The business should also move into an net positive cash position over the next few weeks.]
If/when gold really breaks through that all-important psychological barrier of $2,000/oz, investors will be seeking out high quality and cheap gold miners in their droves. I personally think that that 'when', is very shortly, and have thus positioned heavily in SHG.
On the near-term news flow front, mgmt has indicated that there'll be drilling updates from each of the two Tanzanian mines, as well as the West Kenya deposit, between now and Christmas so plenty to look forward to and drive market interest.
The selling pressure has been relentless for some time now; but with Shanta's Tanzania mines outperforming expectations so splendidly (especially the new mine, Singida) re: both output and AISC, and with gold sitting near ATHs, I suspect volume will pick up soon enough and eat through any remaining overhang.
N.B. not something to base any investment decision on, but Shanta did receive three preliminary approaches this time last year, including possible bid discussions that would have been entirely in cash from two separate major Chinese gold miners.
Myles McNulty knows his onions
I have been a buyer of @shanta_gold #SHG in recent days (10.5p-10.7p).
Gold is flirting with $2,000 again, and there are obvious geopolitical triggers that could see it move much higher in the weeks and months ahead.
For me, SHG is the best investment proposition out of the gold miners in the UK micro-/small-cap space. Brokers have it trading on 2x EV/EBITDA in 2024... using a gold price of $1,800. To note, SHG's production is 100% unhedged.
On holiday now, but will cover thoroughly when back next week.
Gold now ripping higher
Gold at $1965 now going to run to the all time high $2090 very soon
Gold’s macroeconomic backdrop looks supportive, in the view of strategists at ANZ Bank.
Recent US labour data showed hiring and wages are trending lower and approaching levels that are consistent with overall the Fed’s inflation target of 2%. These trends are likely to continue as the Fed’s restrictive policy flows through to the economy. Therefore, we believe that US rates have peaked.
US ISM Services PMI data confirm that underlying demand in the US is softening. This builds a case for declining UST yields and a moderating DXY, which is supportive for Gold investment demand.
https://www.fxstreet.com/news/gold-price-forecast-macroeconomic-backdrop-is-turning-supportive-for-xau-usd-anz-202311141403
Should be closer to 20p
Cash machine
Gold flying and shanta primed to re-rate