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Thought we might see some upward movement today, possibly followed by a few percent tomorrow. It all depends if Odel and SC have finished their dump. That's unlikely. Who knows . . .. Anyway it's gone past 18p on the bid.

MM - So would you like to take an educated guess?
I finally dipped a toe in, admittedly only 8k but it's a start.

Many thanks for a lot of information from the regulars.
I might have missed a good opportunity to make a start @ 11.2p but had not done sufficient reading of the subject matter. Have some spare cash but making mistakes in the 70s are best avoided.
I agree the PR needs to be beefed up.

@ 11:43
A very fair assessment.
I added another chunk earlier @ 17.29p as the short-term economic indicators are best not ignored.
A normal person fails to understand how things are going to hold together in present circumstances. Any one of us lapsing into debt has only one outcome: we go to the wall.

(amended coordinates)

https://www.google.co.uk/maps/place/8%C2%B021'32.4%22S+32%C2%B057'03.5%22E/@-8.359,32.949101,775m/data=!3m2!1e3!4b1!4m5!3m4!1s0x0:0x0!8m2!3d-8.359!4d32.9509722

A slight alteration to an earlier post: I see the new mine is ~20 km NW of Mbeya and just SE of Luka market town. Whereas the present Luka mine is @ coordinates -

-8.359010, 32.950961
(See enlarged satellite image on)
https://www.google.co.uk/maps/place/Shanta+Gold;+New+Luka+Mine/@-8.454629,32.3303605,198471m/data=!3m1!1e3!4m8!1m2!2m1!1smine+near+Luika,+Tanzania!3m4!1s0x0:0x9b66d61628c22829!8m2!3d-8.3608054!4d32.950573

Quite impressive workings and the concentrated triangular dig/pit must be 100+ m across.

@ 11:08.
No, Q I didn't. I only check in during tea breaks, etc. Ten years in SOLG has been a long road.
Incidentally, I believe you have a very good handle on the subject.

I don't know how the old boys' network operates but the realignment of interests continues. Today's outcome could be quite telling with a holdings declaration to follow. That said, I am uncertain if, eg. a Swiss house, is obliged to comply with AIM rules.

Understandable but ludicrous in some respects.
The final sentence with "as soon as possible . . . as soon as possible" is lame and slightly desperate.
We could be here for quite some time yet.
A JV with all current stakeholders is becoming apparent.
Am now satisfied to have reduced my holding @ 27.10p a couple of weeks back.
Opinions expressed on a daily basis are valued.

https://www.proactiveinvestors.co.uk/companies/news/217534/shanta-gold-eyes-growth-as-gold-prices-buoy-prospects-217534.html

Over 1,000 views today.

I'd forgotten that the Sudek portion of the sprawling Mt Elgon volcano is not that far from Kakamega, probably 80 km. Kili is too far away to be of any consequence.

Someone here could be stronger on feisic volcanic anomalies. My knowledge is sketchy at best. And Kilimanjaro is not a million miles from operations.

The area is described as "greenstone belt". Archean felsic volcanic rocks are distributed in greenstone belts and contain gold-bearing anomalies.

The latter drilling in Isulu Southeast produced patchy results. It could be that EZ initially ignores the weaker assay areas. His plan could be to follow up on the more promising grades already found with further drilling targets. Thereafter he could opt for open pit mining. It seems to be an area of expertise that has stood SHG in good stead.

Could be an interesting final quarter.

I overlooked relevant information from authoritative sources which might have been missed by some holders.

" In May 2017 a maiden resource of 1.31 million ounces of gold at 12.1 grams per tonne was declared for the Isulu prospect. This resource was unconstrained. A scoping study completed in September 2018 indicated a reduction in the mineable portion of the resource to 4.7 Mt at 5.92 g/t Au (fully diluted) containing 894 koz gold with a proposed mining scenario giving an ore production rate of 400 to 500 kt/y using mechanised mining and treated through conventional gravity and CIL processing. However, the resource can potentially improve with further drilling and the opportunity exists for the deposit to be mined using conventional mining methods, which are typically used in ‘small scale’ mines.

"At the end of November BaraCconsulting was contracted to assess the economics of the project considering a conventional mining method and a different production profile. It is expected that this will significantly enhance the economics of the project creating an opportunity for a partner with the necessary conventional mining expertise.

"During the year (2018) drilling in the Isulu South East tested for structures parallel to Isulu within five kilometres along strike from the existing inferred resources. Nine diamond holes for 3,400 metres were completed. Mineralisation within shears of similar orientation to the Isulu prospect was intersected as targeted. Assays returned broad zones of lower-grade mineralisation including some medium-grade intervals: LCD0206: 20.5m @ 1.13 g/t Au and 1m @ 3.68 g/t Au LCD0209: 31.8m @ 1.29g/t Au, incl. 7.7m @ 3.05 g/t Au LCD0210: 13.5m @ 0.90 g/t Au, incl. 1m @ 7.56g/t Au LCD0216 0.5m @ 4.2g/t Au and 1.8m @ 1.18g/t Au Multi-element analysis of the soils collected in early 2018 and modelling of strong VTEM geophysical anomalies identified a ‘blind’ target between the Isulu and Bushiangala, the so-called GAP target. Interpretation of the geophysical signature and a well-defined pathfinder element leakage soil anomaly pointed to a mineralised intrusive body. Drilling on this target started at the end of June and was completed in August 2018. Three diamond holes, totalling 1514 metres, were drilled into the GAP target. The results received show several wide and weakly mineralised shear zones; best results include: LCD0214: 0.5m @ 1.15 g/t Au."

@ 16:14 plus many more

MM - You are obviously a dedicated follower and student of EVG. I am considering another biotech, besides continuing with SCLP, where I have been invested for 10+ years. SFX-1 looks more than just interesting. I'll give it close scrutiny.

https://www.encounterresources.com.au/wp-admin/admin-ajax.php?juwpfisadmin=false&action=wpfd&task=file.download&wpfd_category_id=4&wpfd_file_id=1066&preview=1

Surely on the evidence of a proposed JV (see above) any inclination of BHP launching any sort of unilateral bid for either SOLG and/or Alpala is finally laid to rest. There has already been too much speculation on this angle. Perhaps the matter has had a weight of opinion - missed by me - as I do not read every post.

https://goldprice.org/
Seems to have rocketed pm.

"what a reckoning", indeed. We have obviously forgotten all about the subprime mortgage fiasco. Hope no UK banks are involved this time.

https://sokodirectory.com/2016/01/6293/
(a fair read)

Some local colour from Bushiangala, Ikolomani subcounty. I presume EZ and LL have experienced it first-hand. i know about going underground wrapped in foliage, but hadn't realised it was widely practised. A compressor and tubular line is a better option if affordable. Further assays would be more than useful. Consistent 16 g Au samples from moderate depth are unlikely but the potential on three licences must be above average.

https://scale.co.ke/tender/16547

Decided to have another look at proposed refinery construction details. The exact wording is found in the above link. I suggest government is now serious about redeveloping after years of neglect post-Rosterman. (How much of the abandoned equipment can be utilised or has it been *purloined " i.r.o. Shanta?

@ 11.00
Looking more uncertain by the day at present. However, I hang in on the premise that FNV will take up the baton in terms of those who have already thrown their shekels into the pot. Barrick might be one of those to get aggressive as Bristow has been pretty clear about his intentions, but not BHP or NCM. It has been a very laboured exercise by Mather - very little lately can be deemed inspirational.

Alpala has local community support, especially from the 700+ already on the payroll, and enjoying perks. Not at all sure about the other licences as rulings continue to be overturned. I can not see things proceeding along the lines to be have been expressed here. Possibly a few hiccups lie ahead.