Member Info for Sjm321

Obviously interims soon but could there be another reason.

I expected a tour de force on the announcement of this deal from the BOD.
There hasn’t really been much said or explained apart from deals done. No usual song or dance about it. No proactive interview. The suspense is gripping, Alfred hitch**** eat your heart out. Any ideas anyone?

Apologies I’ve just re read you mentioned processing! Early start.

Aandi I like your thinking on the comparison the only thing I will disagree with you on is the high extraction costs. The potential is there for block cave mining which could be sub $250 per ounce. All in my opinion.

GH you Don.
Traders beware.

And that’s the beauty. Anything sub 20p is a bargain in my opinion. Sod target prices for SP it’s all about target holdings right now. We’re under the radar right now who knows how long it will last but one thing is for sure it won’t last forever.

Wow here we go. This is just the beginning. 3 million oz of one of the best assets to be in right now. As I said to a friend earlier: it’s not often you find a company like Shanta that holds an key asset with the skills to monetise it with such a low mcap.
Ladies and gents that’s $ 6 billion Of gold at today’s prices and Shanta can extract that with one of the lowest AISC in the game.
Well done to Eric “the midwife” zurrin and team. This guy delivers.
And congrats to anyone whose lucky enough to have built a share holding in the company.
Happy man tonight if you can’t tell.

I think the issue of this moment is some of the crap touted about in Twitter etc that has attracted multiple mug punters (fashionable investors) who have bought in for a short period wanting fireworks and have now sold at a loss on no news. Makes no odds to me. Il be here awaiting further updates on just how valuable my shares are.
All in my opinion of course

Schlemiel chin up mate. There’s so much potential on the horizon, just think where we will be at Christmas! A few quiet weeks won’t harm with a bit of consolidation. As they says investing should be like watching paint dry.

Too right. To batten off any silly offers haha!
Very very smart move in my opinion. I guess this is what you pay for with UBS. Employing some of the greatest minds in the world.

Very bullish. Assault on $2100 before the month end I think.

In the military they would call this a massive show of force. Just shows anyone who was lucky enough to get in lower are onto a good thing!

Looks a little suspect to me. We know they do it, most who understand thought it would end 13p+
As the latest trade is 13.5p should it open there or...?

Good spot. Do you reckon that’s the mms balancing their books after milking the fear brigade earlier? Or someone making the most of the dip? Notice the last trade at 13.5p haha.

Good riddance... always thought the opposite of what was being said. Amazing to see the SP stand tall with all the warrants and his sales. Now that’s cleared things could get interesting!!

Barricks Q2 free cash flow was over $500m as apposed to $55million Q2 2019. IF the takeover route is explored, i would not be surprised in the least to see an offer on the table from them. What wasnt possible a year ago is certainly possible generating nearly 4x Shantas MCAP on a quarterly basis.
https://barrick.q4cdn.com/788666289/files/quarterly-report/2020/Barrick-Q2-2020-Report.pdf#page=8

offers some peace of mind if a low ball chinese offer comes in.
All in my opinion of course.

I believe that they had been closing the funding deal up. However with upturn in gold price Eric and team had far more lucrative options to look at. Hence the lateness.
If the deal is with T gov then the markets perception of risk involved with this stock would surely reduce as to have them literally on board with us would be as good as it gets in terms of a relationship with state. Re rating on that point alone in my opinion... let alone having 3 million oz in the reserves!!

I havnt seen the interview no sensibles. If anyone can find a link I’d be interested...

This feels like the calm before the storm CD. Some huge movement in shares for weeks, no real effect on the SP, yet not a word from the captain. Not even a TR1. Something large is happening behind the curtains and we can only pick up a small shadow. I’ve always said Eric has something up his sleeve. What it is I don’t know, I like the idea of your Tanzanian Gov. coming on board CD. After the mention from them too earlier in the week it definitely has added some substance to the theory! We know that Luke and Eric have been touring around financiers to the projects and who knows what they may have stumbled upon. All I can hope is we’re not disappointed by some mediocre offer and all this excitement comes to an end. I really can’t wait to see what Shanta will look like come the end of September. I think we’ll be shocked.
As always this is only my opinion.

Nothing’s definite but clearly states the results will be available in 2-3 weeks as of 31st July.
Could be very interesting. Diversifying my portfolio and buying on the dips here. Potential upside is incredible in my opinion.

I’m with you on that TomE.
I’ve been thinking the next stage is to get their name on the scally agreement as that’s the easiest way to ensure nobody else can step in. Surely it’s a no brainer?
If I was a NCM shareholder and they missed out on an opportunity like, after what happened with HAV, that you would be fuming!
All my opinion of course.