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Mystified by the recent price action. Any thoughts as to why ?
Disappointing to see the Laird back at the support level, I thought after the recent Q3 results we would see a significant rise over the subsequent period. How wrong was I ? Seems to getting knocked back by the constant barrage of small auto trade sells
Back on board the good ship Shanta, kinda hoping the recent VAT reimbursement might trigger a change in sentiment towards miners operating in Tanzania...could well have got this one totally wrong but willing to give it a punt considering the potential upside. Sindiga could well be the jewel in the crown and were due an update before the end of the year...onwards and upwards
Angle PLC now valued at the same market cap it was when it first listed in 2004, how's that for progress !. Finncap broker note illustrates the need for a further £15m for RaD maybe that's the reason why the share price is sinking. We need some clarification as to how Angle intend to move forward rather than Parsortix trumpet blowing RNS's
Bought in recently on the back of some impressive clinical results, 1st foray into Pharma. Mistake ??. It looks like I've got it totally wrong though. Didn't expect to see such huge price weakness after the trails. Can't decide whether to sell up and move on or double down because the product itself seems highly regarded within the industry and is ahead of the compititors. What worries me though is the financials. Could really do with a large investment to push this thing forward.
Solid set of results and a return of the dividend. Should see a nice rise from here
See Shanta have gone down the fundraising route yet again to alleviate the financial constraints brought on by the current Tanzanian government. Notice the issue price is 0.5p lower than the Summer 2016 placing. Suspect this placing had been proposed a few months back hence the depreciation of the sp alongside other migrating factors. Overall though aside from the dilution I'd say the other news regarding the restructuring of debt and Helio takeover are very positive. Helio have spent a fair wedge of cash developing the SMP project over many years so it comes as an obvious acquisition on Shanta's part. Not sure Helio are getting the fairest of deals as the RNS this morning implied a value $5.6m before the dilution after which it drops to $4.63m
Two £1m sells just gone through. Ouch
Daisan You seem to have a good insight into the precious metals industry and I will continue to read your posts with interest. Maybe I am airing on the side of cautiousness, possibly been bitten too many times. As indicated before I do think there a few new factors we need to take into account which for me has affected the performance of the share price over the short term. Still think the fundamentals are excellent as is the management. Just content to sit on the sidelines whilst the dust settles.
After five years years investing in and out of Shanta, I'm out again. Too many political red flags for my liking plus the production downturn for the next quarter, no sindinga upside. 30% local ownership and the VAT issue. Just can't see any upside in the next three-six months. Can see it dropping to around the placement price. Shame really because the management have done an excellent job but for me it's the migrating external factors I'm worried about. GL holders
I think there is thinly veiled threat by the Shanta Board to the Tanzanian government basically outlining that if they don't cough their up with VAT rebate monies owed then continued expenditure on future projects will be curtailed. I was wondering why we hadn't had any updates in regards to Singida. Here's a recent interesting article on investment in Tanziania. Note the Barclays comment at the end www.bloomberg.com/news/articles/2016-09-12/luster-wears-off-tanzanian-president-s-anti-corruption-drive
Kinda suspected something wasn't quite right with Shanta over the last few months and today we have a reason as to why, I always thought it may have had something to do with low production figures and higher AISC but to be fair the figures are excellent. It's this line in RNS update that worries me. As a result of the large sum now outstanding in VAT refunds, the Company has deferred non-essential expenditure while it completes the development of the underground at New Luika. This applies to the Singida Pilot Mining Project, exploration drilling and community projects. Shanta is engaged in top level discussions with Government to release the outstanding VAT and is hopeful that this matter will be resolved in the near future.
Well none of the major shareholders have reduced recently so maybe it is down to nervous PI sentiment. Seems to be fairly consistent selling going on here at the moment. Don't trust the trades screen on LSE as my recent buy below 9p came out as sell. Kind of hoping this an opportunity to load up for future rewards later in the year. Time will tell but there is no doubt in my mind that SHG has gotta be one of cheapest gold stocks out there at the moment. My other gold miner POG was getting a hammering today too but I suppose that is down to an anti Russian perspective
Daisan Just not getting a warm feeling about the current share price certainly you consider the rise in pog. Generally when see this sort of price action in the lead up to quarterlies someone is well aware on how much gold has been produced and I guess we could be inline for a disappointment and possibly a revised downgrade for the year. They did stipulate that production was as expected but as you say that's an unknown. Is the capex for transfer into underground mining overshooting if so they would have been crazy to turn away the loans arranged previously. Guess we should find out next week but wouldn't be surprised to see less than 10k produced. Hope not
Acacia up nearly 5%. Shanta down nearly 3%. So you can safely say it's nothing to do with the new laws introduced recently by the Tanzanian Government . This stock has been dragged down for over two months and all we have had from the company is good news. Sure we know the quarterly figures may be on the low side but this is expected. Something seems amiss. Is there another capital raising in the wings ?
Another disappointing day for Shanta with an infraday low of 8.375, disheartening to see your profits been whittled away daily after buying in earlier in the year. It would seem incredibly harsh to see the January lows again considering the fantastic turnaround the company has made on costings but sentiment seems dead set against Goldies at the moment. Anyone chance a guess as to the price of Shanta if Gold drops to the $1000 mark ?
New RNS, gas sales contract terminated...main revenue generator and the reason why Olisol pulled out. The squeeze continues...surely they need to suspend the stock to sort this mess out...