Member Info for Visitor

Dibs I really don't understand your comment that an increasing gold price won't help Shanta "for a while yet". The "while yet" is now only just around the corner. From the last update I saw, the Shanta hedges at the lower gold price of around $1,130/oz are only until September. So either they have already executed new hedges at an elevated increased Gold Price or they have yet to do so. Either way, the increase in gold price is of obvious benefit. I'd rather be in now than try and wait until the last minute. I bought into a number of gold miners last year - Shanta, Pan African and Centamin. Both Pan African and Centamin more than doubled and Shanta has languished, due to a number of reasons but notably due to the hedging. I sold all my Pan African shares few weeks back and rotated them into Shanta. Time will tell if this was right thing to do, but in my view Shanta has a much better chance of doubling and getting to 12 in the medium term with the rising gold price, than Pan African does of doubling for me again, but I may be wrong. I may rotate back again in late 2016 if Pan African are still paying a high dividend. I've kept my Centamin as they took a bit of a hit recently when gold weakened and I think they're very well placed to substantially increase, as long as the court case outcome hanging over them is favourable.