Member Info for Jeffus888

My point is that Shanta sp moved down on the announcement of Q1 results independently of the price of gold. Should move back up on Q2 performance back on track.

My point is that Shanta sp moved down on the announcement of Q1 results independently of the price of gold. Should move back up on QQ results back on track.

Shanta's share price fell on the fall in production and rise in AISC in Q1 and fell on the rise in production and fall in AISC in Q2! The only way is down it seems for this fickle market.

https://www.reddit.com/r/wallstreetbets/comments/x55ia8/uranium_stocks_us_government_request_billions_of/?utm_medium=android_app&utm_source=share

Those shorts can do one

I think it will be the same. They could formalise half yearly dividends though. That would be good.

I don't think some investors understand what this stock is, even though it is one of the simplest and most elegant constructs around. It doesn't matter a jot if Yellowcake never bought any more U308. The share price should track the uranium price, simple as that.

How is it in line with expectations? 27-32000 oz for H2 has now turned into 20,000oz

-5oz of gold produced in September. 20,000oz now expected H2 versus 27-32 guidance. Terrible results, what is going on.

I really struggled to buy £15k at about £2.50, so there are very few sellers I think.

The dividend was about £1m but they have $10's of millions in cash. If 2021 production was on target they would be absolutely swimming in cash today.

Great, another management team has pulled the wool over my eyes. Now I know why the dividend was so measly. All the exploration drilling now looks like a desperate attempt to make up for this reduction in grade.

And Here you go Rich, RNS today.

I came here to find out Rich.

Well, that adds up to $520m, and then there is $50m in the bank. The current market cap is $240m.

Within the next few weeks Shanta will report record quarterly profits (and a record cash figure) plus an additional 100,000 plus oz of proven resources (Kenya). Enjoy.

Apparently the maximum pain value to the Comex gold futures option expiry is $1835
https://twitter.com/CRutherglen/status/1405758831884267533?s=20

The Fed idea that inflation will go back to about 2% by the end of the year would require all commodity prices to reverse trend immediately and fall steeper than they have risen since April last year. It also requires the dollar to reverse trend against the Yuan and all other currencies and climb back to where it was pre-pandemic. Oh and it assumes no Covid or inflation related supply issues around the rest of the (mostly unvaccinated) world. No way is all that going to happen by the end of the year. Unless the whole debt bubble bursts of course.

A dividend will be announced and paid in April. They will have plenty of cash in the bank by then and forever onwards to sustain a dividend permanently.

So, they have added about 117koz to reserves, which equates to about $100m profit. But the market cap on the news is £180m, a rise of about £9m. This company is worth much more than £180m.