Member Info for PhatStyle4321

Eric has a chance to win the market back with Q1 results tomorrow, I suspect he has an Ace up his sleeve. We are behind you Eric !!

Debt is melting like butter

Trading was very strange seemed like someone acclimating while someone selling, either way results will send us either higher or lower.

Eric is very aware that the miss hurt his credibility and with the additional equipment purchased at the end of 2022 should help with hitting quarter records.

Either way Singida ramp up will be what we will be looking for.

Come on Eric redeem yourself !!! I think Shanta is going to surprise hugely to the upside this week

Looks like we have a big buyer willing to soak up shares at 13p

Gold still looking strong, great recovery

To note Eric put out annual guidance knowing full well q1’s production number.

He doesn’t want to disappoint the market again and therefore will be ultra conservative. I think we will be positively surprised on q1 results also to note

The reduced availability of open pit and underground mining equipment impacted the mine plan in H2. To support surface operations, open pit mining equipment arrived at NLGM in December 2022 from a second mining contractor, increasing the open pit mining fleet capacity by around 40% by the end of the year.



In addition, a newly purchased Sandvik underground production rig was fully commissioned in December 2022, resulting in a 94% increase in total underground production meters to 10,439 meters compared with the first 11 months average of 2022 of 5,377 meters. At the end of December 2022, there were 10 underground stopes ready and available for drilling compared to a NLGM base case average of 3 at any one time.

The other thing he said was best January ever, but the steady comment, could be mean standard Feb and March. Time will tell.

Gold at $2015, Shanta should move up accordingly, Q1 will be key in painting Shantas picture going forward, excited for these.

Nice start this week, Q1 results out this week too, exciting

I agree, I believe a takeout price 25p now or 35p as time and the gold price gets higher.

The valuation is absurdly low and right now investors are accumulating, I know of a few that are buying constantly. By year end Shanta most likely won’t exist.

3 companies wanted to buy Shanta

That was pre gold price at $2000 and most importantly pre 100,000 oz per annum

https://www.proactiveinvestors.co.uk/companies/news/1005157/shanta-gold-had-its-strongest-january-in-three-years-1005157.html

https://www.proactiveinvestors.co.uk/companies/news/1011039/shanta-gold-ceo-says-first-gold-pour-at-singida-a-big-deal-1011039.html

I respectfully disagree, especially with gold prices at these heights, if Shanta has 3 M&A bids last year, before Singida and the gold price then this year has a lot more to offer. Best thing is to do is accumulate and wait for the fireworks

Shanta is a sleeping giant here and those smart investors will be accumulating as we speak.

Another 10% day here, and it’s up to Eric to impress with the Q1 results and Singida production plan. Let’s hope he has smashed it out of the park

I agree there will be a flurry once again today, 16p plus today these are still a bargain IMO

What a day, same again tomorrow? Still really undervalued here

Absolutely incredible, see how far it goes even at this price, Shanta is killing it - well done all

Bid is stronger as time goes on, will likely push and break the 14p ask, still stupidly undervalued here.

Once it does, it will rocket higher,

Broker target is 30p when gold is at $1800. It must be at least 40p with gold at $2025

Like I said to you before gold miners are going to rally for the next 2 years as every major economy goes into recession. US will cut interest rates and there will be probably be more banks fail, get yourselves ready

Nearly at an ATH, absolutely crazy, the amount of profit and revenue Shanta will be making is huge. Still really cheap here

Wouldn’t be surprised if a takeover bid is forthcoming -30p would be lovely

This could reach 16p today at this rate?! Investors waking up to the potential here or a big takeover offer coming