Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
visainn
i am holding quite a lot of shares also(for me anyway)
and i agree lessons have been learned from the past accountancy errors
like you i am will not be selling any on good/bad news this will be long term winner for me,
as i keep saying CFO has believe in the company and guess what so do i.
like you i hope i am proven correct
gla
wongtogo
people just losing there nerve, you just have to as yourself a question.
will it be good news BUY
will it be bad news SELL
CFO bought in may so the question for me has been answered.
its like waiting for xmas hope i get nice pressie
gla
yes agree tiger the big one is if and when deal is done.
relationship between acacia and got is beyond repair as far as i can see.
relationships have to be built up with got
still be nice to recieve vat refund (most of shantas debt could be wiped out)
i think they are working on having good relations hence help for farmers,help for schools,i know it has nothing to do with getting gold out of the ground ,but in a country like they are operating in it is very important to be seen as a company willing to have a social and financial contribution for the benefit of the community.
small thing i know but they are on the radar of the gov and has won awards for there work.
with the gov onside i believe it would make recovery of vat a little bit easier.
even if vat is never recovered the way they are paying down there debt speaks volumes for the company ,
all in all i think the share will do very well over the next 12 months and i for one will add as funds become available.
just my opinion
gla
Q2 2019 PRODUCTION & OPERATIONAL UPDATE
Shanta Gold (AIM: SHG), the East Africa-focused gold producer, developer and explorer, announces its production and operational results for the quarter ended 30 June 2019 (the "Quarter", "Q2" or the "Period") for its New Luika Gold Mine ("NLGM" or "New Luika"), in South Western Tanzania.
Q2 Highlights
· Gold production of 19,856 ounces ("oz") in Q2 (Q1: 22,374 oz) and 42,230 oz for the half year ("H1"), comfortably on track to meet annual guidance of 80,000-84,000 oz and up 11 per cent ("%") on H1 2018;
· Underground exploration drilling results released during the period showed the best historical intersected grades and widths since production began at New Luika;
· New high-grade intersections are outside existing mineral reserves and will be incorporated into the mine plan;
· Drilling at Bauhinia Creek ("BC") Central has converted 126,787 oz of Inferred Resources grading 3.15 g/t into 83,543 of Indicated Resources grading 7.85 g/t and added new Inferred Resources of 58,553 oz grading 4.79 g/t;
· New indicated ounces are significantly higher grade than the achieved 4.5 g/t blended mill feed and present the opportunity to blend these ounces with lower grade feed into the plant for additional ounces;
· At a cost of US$2/oz, the Company has replaced all depletion expected from 2019 gold production;
· Zero Lost Time Injuries ("LTI's"), with no LTI's since Q4 2017. Zero Recordable Injuries (TRIFR of 0.00) during Q2;
· EBITDA (before non-cash loss on unsettled forward contracts) of US$10.5 m (Q1: US$11.7 m);
· Gross debt down 22% to US$30.1 m (Q1: US$38.7 million ("m")) following US$4.9 m partial buyback of outstanding convertible loan notes;
· Net debt down 11% to US$26.9 million ("m") (Q1: US$30.3 m);
· All In Sustaining Costs ("AISC")1 of US$773 /oz and year-to-date AISC of US$735 /oz, below annual guidance of US$740-780 /oz;
· Cash operating costs of US$564 /oz, significantly below industry average;
· Tonnes ("t") milled of 177,647 t, a new all-time daily throughput record during the Quarter and in line with the Company strategy for maximising New Luika's net present value;
· Gold spot price at six-year high at end of the Period; the Company has flexibility to defer settlement of forward sales for full exposure to the spot gold price; and,
· Total cash and liquidity of US$8.9 m (including US$3.3 m of bullion).
peter put me in at 500,000
no matter what rns says will keep shareholding,luckily i can put in bottom drawer,
but i believe like the phoenix it will return from the ashes and get back to levels it was trading in last year,
potential is enormous gas water electricity under one umbrella makes the company unique.
just waiting for the numbers now within 2 weeks all will be revealed
gla
been looking at smallish sells?
surely they cannot be making profit,it seems very strange very low volume but enough to keep it down
maybe i am wrong but looks very suspicious,as if someone trying to keep price down.
just my opinion
gla
my thoughts also managed to get 2x25k buys in ,
plenty of upside to come here.
gla
anyone can see us making offer for EER ?
sure his credit rating is good
good morning neeko
obelix put me onto this i have done research and i am bought into the dream
hopefully good news on the drill,
i managed to put it in my isa so will be long term investment,potential of big hit is the driving force for me,
glta
good morning gents
they gave timeline to end of month,but you are correct it could come out any time,
then the fireworks begin.
as i have said before CFO has belief figures will be good (late may big buy)
lots of people waiting for rns i suppose it is the wise move but i believe it will go straight into auction if news is good and they will be locked out on substantial rise,mm will be looking after there buddies.
just my opinion
gla