Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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They said March so any time now
Noel - Do you have any details of when the first gold pour in the new mine is due to occur? I thought it was around now.
Today's sellers think they are getting a good price. They are making a mistake. They don't know what is coming.
C A H - surely it can't be just me who sees it?
14p soon. C A H
"In a liquidity squeeze / falling market, generally speaking, well follow that and go down with it" - wrong. There's something you've overlooked.
"Check out the volume on Friday, practically non-existent." - in this case, not a bad sign. It usually is, but not in this case. There's something you've overlooked.
C A H - you'll see.
Buys coming in at over 12p.
Although we seem to have kicked into another gear this morning :-)
Boo, sensible post
In a liquidity squeeze / falling market, generally speaking, well follow that and go down with it. Check out the volume on Friday, practically non-existent.
When it stabilises, and Gold is at ATHs, watch us go.
Kipper, what are you on about?
SHG is already a producing gold mine, of course gold prices have a huge bearing on the SP. Higher gold price, more profit.
Why would the news be bad? They are ramping up production to 100'000oz per month.
The only bad news could be a delay but SHG are a world class operation.
It does make you wonder if there has been a leak within re some bad news or why would the seller be dumping now??
would the gold price have an bearing on the share price. until you get it out you have nothing to sell. we are all waiting for news with squeaky bums.....will it be good or bad news??
Gold over $2000 now.
I cant believe we are sitting at this SP.
With the ramp up any day now we should be closer to 20p than 10p
We couldn’t off timed this any better with gold flying & our first pour due any day, it’s way undervalued yes but most shares are at the moment. I always thought & said Shanta will retire me hitting 40p to 50p over the next 18months but maybe this is wishful thinking. I still think we are on the radar for the big boys so hold for gold guy’s as this company could be life changing if some of the gold predictions come true GLA
"Xi To Arrive In Moscow Monday, Ukraine War 'Core Part' Of Talks With Putin"
Let's hope these two announce that they are resetting the gold price to $10,000 per ounce.
- because they are talking about other things besides war -
"I am certain that working together, we will ensure the development of fruitful Russian-Chinese cooperation in all sorts of different areas," Putin wrote.
https://www.zerohedge.com/geopolitical/xi-arrive-moscow-monday-ukraine-war-core-part-talks-putin
C A H - two weeks at the most.
Its also increasing government debt, as they print more money (to save banks, pay welfare etc) they raise interest rates to control inflation which money printing creates, higher inflation, which in turn equates to higher gold prices, they aren't going to be changing their MO anytime soon and that is the global trend that we are currently in. Peter Schiff, Jim Rickards and Lynette Zang all believe golds true value being around 15,000.
Markets will be lively tomorrow.
Credit Suise getting taken out by UBS for 15% of its closing price on Friday and a huge Swiss government bailout attached to it, being 1 of the top 30 systemic banks in the world, you have to expect there to be critical liquidity and market stress tomorrow if the markets decide bank share valuations are meaningless (which they are of course).
With gold prices as they are, this has to rocket when they announce the ramp up in production.
Gold £1,634.77 $1,988.76 €1,867.07
https://www.bullionbypost.co.uk/gold-price/
C A H
50505
". . . pleased with a new intersection of 3.9m at 63.80 g/t Au, which is 60 metres in proximity to the undisclosed hole announced last month, which intersected 4.0m at 706.3 g/t".
Largely overlooked by most camp followers I remain riveted to hear what follow-up results came from any infill drilling (plus spacing) at this Bushi location. There is a real possibility of steeply dipping vein characteristics. In which case a decision to proceed both in the north and down at Ramula camp is getting closer.
The original concept was a starter open pit by 2024. A stable Au price of $2000 - $2500/oz will be a bonus enabling the company going it alone . . . leading to a split asset.
For that I noted a growing gold producer with macro reasons for confidence on reducing inflationary cost pressures and the gold price; Shanta Gold (SHG) at a 10p offer price.
It has since announced increased 2022 gold production of 65,209 ounces and reserves and resources, including now 1.755 million ounces at 5.55g/t reported for the West Kenya project and strong preliminary indications for mining there. In the nearer-term, there is the Singida project expected to add to production imminently – transforming Shanta into a +100,000 oz gold producer with a diversified asset base.
The shares have responded up to a current 11.5p to buy, but a little above £120 million market cap continues to look much too harsh an appraisal for a company forecast to grow pre-tax profit towards $20 million this year and above $40 million next, with further potential and net debt at the half-year $1.5 million. Still a Buy
The SP should have exploded upwards long ago… it’s a waiting game till seller has cleared as its clear that the negotiated sale price is below 11p