Member Info for Magoo79

I sent an email to the company to ask if there is a date for the court hearing. Let's see what they say...

Like many I am disappointed with the share price retrace over the last few weeks but there's so much to be excited with Shanta , with very little downside risk. We have:
- drilling ongoing around NL which will increase the reserves sometime over the next 3-4 months
- drilling at singida with high potential to increase reserves there too
- drilling to start soon at west kenya
- dividend to be declared early next year. In the last video EZ hints that this year they used $20MM to reduce debt and therefore in 2021 they'll use some of the extra cash to reward investors. Could it be a similar figure? that would be about 2p per share, not bad!
- gold price is rebounding from earlier this week and it's more likely to stay above $2k next year than below $1800, and that's being conservative. Still, $1800 would mean well over $50MM free cash flow in 2021

I am not selling a single share

great presentation by EZ and LL
https://www.lse.co.uk/media/hardman-and-co-mining-forum-tanzania-gold-producer-shanta-say-they-are-both-a-growth-and-value-stock.html

the business is highly cash generative, we have net cash north of £30M after the placing, hedging is going to be over by year end and POG is more likely to go up than down from here.
The presentation talks about the intention of paying a dividend from April and it is certainly realistic given the reasons above.
I am fully loaded and confident that we'll be over 20p by January

I guess someone knew what was coming, hence the drop from over 20p.
I went to be very annoyed last night as I did not see this coming and I didn't like the way this cheeky placing was organised.
However, on the bright side:
- we are fully funded for quite a while so a lot of uncertainty has lifted
- more i.i.s are onboard and they haven't subscribed just to make a 10-20% profit
- drilling should bring more attractive reserves and longer LOM
- a dividend will start to be paid from April, assuming POG does not collapse, which seems unlikely. 1p every 6 months perhaps?
It may take some time but we'll be moving up to mid twenties and beyond, especially if gold crosses the $2000 mark.

Just wondering what happened to the RNS that was expected to come out as per the corporate presentation posted last night
https://www.shantagold.com/_resources/Investor%20Presentation.pdf

GLA