Member Info for Sjm321

I’m not sure either but I’d love to know, whether they’re being distributed via several mms or it’s one. But I believe the buys are being met with sells to an almost precise level. Hopefully we will soon understand why! Good luck all for tomorrow evening.

Schlemiel bang on except I think the selling pressure is near enough exactly matching the buying pressure to keep it in such a tight range. One thing to ponder... warrants do not have voting rights... so they may be converting for a reason. Only my opinion who knows what this week will bring!

I’m with you there CD I cannot see this staying below 20s for much longer. Any II worth their salt must be churning through the numbers now and scratching their head. Bugger the banks raised some very good points in terms of a secondary crash coming and I think Eric and team will also be aware, potentially slowing down the news flow to press the button when the market takes a hit. I witnessed some class management by G. Heddle, CEO of Greatland gold who did similar things to halt the fall of the sp during the first downturn earlier in the year. If so then wise move.

Hopefully the tide is turning now Mick. I’ve been banging on how undervalued Shanta is for some time now it’s a matter of time now before the market realised how much we have to offer. Even on an in situ reserve valuation with 3 million oz let alone a production plan of monetising the assets. All my opinion of course!

Nearly every update Shantas either stagnated or fallen back (since I’ve been invested). Today we’re up nearly 10 percent and long may it continue.

Some amazing figures... the one that excites me is that hopefully come the end of q3 Shanta will have reserves of close to 3 million oz. That’s Over $5.4 Billion of Gold at today’s prices... Let that sink in...

Eric Zurrin, Chief Executive Officer, commented:

"Shanta enters a new chapter with a net cash position, completing a period of enormous deleveraging. Annualised Q2 EBITDA at spot gold is just under $100m per annum from the New Luika mine with margins expanded from lower costs and a rising gold price. Future production at Singida is expected to significantly increase the company's cashflow.

Shanta expects to shortly conclude the acquisition of Barrick's Kenya assets whereupon Shanta will own three projects with 3 million oz of high quality gold resources. Shanta's near-term focus is on replacing reserves at New Luika, financing and commencing Singida's construction, and expanding the resource base at the West Kenya Project. We remain committed to rigorous capital allocation, growth of underlying shareholder value and to managing a sustainable and responsible mining company."

No need to ramp. Enough said.

No problem. I’m not sure which bit of news I’m more excited about if honest. I just really hope CD is wrong (no offence) about the possibility of a buyout... this share has a massive future in my opinion and it really is amazing to stand back and think where it could be in 5 years time. POG 2000+, producing 200k+ oz with and Aisc of sub $900. Good luck all and have a nice weekend. Next week should be fun.

21st mate but an update on singida or west Kenya could drop any moment.

What a joke of an offer. Quite surprised they didn’t offer 1.5 shares and a packet of Harribo. Would have sounded a little better.

Thanks Bad.
Should be interesting, hopefully.

Should be some results by now. Any guesses as to when they may land. We were told June at one point I think?

Think we might be half way there by the end of today mr bond!

Hi Kums,
I can dummy sell 71000@ 14p
Very odd. This is with hl.

I’d love to see Shanta go into next week with 14p+ before the party starts.
I think it’s a real possibility today. Especially if the 1 mill block buyer turns up again. Good luck all and have a good weekend.

I’m seeing this aswel can anyone confirm on L2

CD are you sure that was a 2.3 mill sell? I assumed that was the order that sent the price soaring this am? Just been offered 14p to sell 71k shares, and 13.9 to purchase 18000 on hl!? Something very odd going on.

Nice 2.3million buy around 9 am this morning... maybe they came back for more?

https://www.google.co.uk/amp/s/mobile.reuters.com/article/amp/idUSKBN2410OQ

From the article it appears to be focused on their Australian/ Brazilian assets.

Trying to do a little more digging but there doesn’t seem to be much info.

Massive confidence boost seeing the larger trades at 13p + go through. If we can see 14p prior to results then 16 should soon follow in my opinion.