Judging a share on its price is a fools errand. Especially in these markets. One minute it can be one price the next double. In the days of algos, technicals, sentiment/momentum trading, etc etc, you get further away from a price that’s entirely based on what the company is actually doing. It can be annoying or frustrating…but by the same token it can throw up bargains with the potential to make more money than ever would have been possible were this not the case. If you can detach emotion from buying/selling, and reading very much at all into short/medium term movements, you’ll probably do better. Easier said than done and all of us are prone to it unless actively remembering this and consciously avoiding it. I know how many times in the past year I’ve picked a winner and then sold out too early because it didn’t look like it was going to rise, or rise much more. Has cost me a fortune…but live and learn ;)
Results tomorrow but the RNS headline says today…woops. A minor error tho….unlike CLIN who RNS’ed approval on a drug in their headline….but the content showed the opposite and it actually had not been approved! It then lost 7%…before rocketing back and finishing 4% Mental markets at the mo!
That's from Shanta's own scoping numbers Redhill (just guesstimating the costs). By the time it comes around to starting to spend on that Shanta will already be producing from both NGLM and Singida. They don't even have a pre-feasibility study yet, let alone a bankable feasibility study, and as BooBoo says, it may well end up being partnered if a giant resource is shown (and, if not, I'm sure they could get it project-financing, on top of Shanta's cash flow at the time, which will be significant, assuming the gold price hasn't tanked).
Fish4chips - Each to their own :) Personally I think his views look very credible and far from having a hidden agenda he looks very transparent (he clearly says he's short and for how much). Having been a around the boards for over a decade I've got quite a bit of experience of spotting the people who are trying to manipulate people (and from what I've seen I wouldn't put him in that category). My own spidey-sense tells me to avoid EUA. So I'd just be very careful if I were you and only invest there with money you can afford to lose. Last word on the matter - as I'm no expert on it - and don't want to antagonise you. Hopefully I'm/he's wrong.
Yup. Greatland Gold became a billion pound company that route (albeit they've pulled back a bit in recent times) despite having given away 70% of their asset (essentially). Difference being though, that they were in a much weaker negotiating position, having never generated any revenue, and Shanta will have lots of cash coming in when they're deciding on, or negotiating, a route to market for WK, and won't have to jump at the first offer.
Mining companies often have far better protocols and protection(s) than the people in the surrounding country. You could say it's looking after their staff, who they value, or looking after their production (if being more cynical), or both. Either way though, throughout the pandemic, the majority of resource companies have done just fine from what I've seen.
Basically the market is a bit silly these days. Companies losing money hand over fist are soaring in price. Companies making loads of money get hammered for the smallest thing. They say the market can remain irrational longer than you can stay solvent....and whilst the sentiment might be correct...it's not if you're holding shares and eventually the market usually recognises value. I think there's a case to be made on mining shares (and many others actually) that it's not worth paying a dividend anymore, as there aren't enough dividend investors to support the share price, and that on-market buy-backs are the way to go when the financial performance is not being reflected in the share price performance.
We get it. You want everyone to sell. We got that from your last attempts. This "market doesn't trust" stuff is nonsense. When people speak for the market they're nearly always speaking for themselves and only themselves. It's funny as, even during Shanta's recent short-term problem patch where they couldn't access the higher grade ore for a few quarters, the AISCs have still all been below HUM's most recent AISCs, most quarters considerably so. Those AISCs should obviously head back down again shortly as they start accessing the higher grade to mix with the lower.
Thanks mick-b...personally I think the markets are utterly insane at the moment, with insane swings, on effectively meaningless news. I'm losing count of the amount of money/fund managers who've been acting all surprised that inflation hasn't gone away and saying things not much better than "but the fed told me it was transitory". They're probably all wanging their money into some dung-coin because they've heard that's good now.
One thing is true, whilst Narcus is probably right that this will fall further than the dividend amount, as this often happens on many shares, its far from certain, despite his certainty (rather ironically considering his strop the other day). What's probably more annoying for VOD is the ex-dividend drop will take it well out of the uptrend channel it's been within lately...and probably increases the chance of a fall continuing post-div. Having said that the markets are more unpredictable than ever this days so it'll probably do the unexpected ;)
adam - I can see what you're trying to argue, but it's still nonsensical, since your premise is still based on AISC for a short period, that bears no resemblance to their overall AISCs past, or more importantly future, upon which any valuation of a/the company would be based.
You may think that.....however I think you're being wildly pessimistic....although I'm not sure I really buy that you really believe any of that....as you'd have to be stark raving mad to be investing in this if you think it's a high cost gold miner (which of course it's not really)!
The grade doesn't "automatically" go up....it will go up as a result of being a mix of high grade material being mined along with the lower grade material. Your premise essentially relies on continued problems and there's really very little basis to suggest that will be the case. As I say, I think it's "rash" to use your terminology, to suddenly think that the company is now a high cost gold miner because of ONE unforeseen issue that meant it would be a few quarters before they accessed the higher grade material to mix with the lower.