Andrada Mining acquisition elevates the miner to emerging mid-tier status. Watch the video here.
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https://goldprice.org/gold-price-chart.html
We may yet escape the hatchet today.
Looking forward to the fabled divergence of gold stocks vs rest of market. Can't come soon enough.
https://oilprice.com/Metals/Gold/Singapores-Central-Bank-Quietly-Boosts-Its-Gold-Reserves-By-30.html
Central banks continuing to pile into Gold.
Tony, no one is arguing about the bullishness of the company fundamentals, but a receding tide will lower all boats, 2 things can be true at once. ATB.
Agree TONY ! Some posters on here !
Nothing to do with Shanta. The difference with Shanta to other miners is that Shanta has yet to be positively re-rated as Singida is de-risked into production.
sell then
If the bond massacre in the US spreads and other banks catch a cold, Shanta and all liquid stocks, won't be spared. Buckle up, it could get nasty.
simply because some people are silly ...happy to sit and wait and wait, etc etc
Dropping like a stone with relentless selling...why??
silence
Thought I would change heading, I like to be positive, lol
Back to blue SP again.
PS
Zoom out on Google's 5yr chart and look from Jan 22
10.86 GBX +1.96 (22.07%)
past 6 months
You might want to check quotes before assuming every trade is a sell.
Currently 10.8/10.865 if that helps.
Who dumping stock?
from the markets. maybe we will soon see why...
https://nation.africa/kenya/counties/vihiga/gold-miners-face-sh5m-fines-for-lack-of-licences-4150048
We get a mention in the report.
Much needed controls are being enforced.
Informal mining numbers exceed 80,000.
https://shantagold.com/_resources/Ramula%20Pres%2022Feb2023.pdf
( . . . trying to decide if map reflects all 'seven' licences. Ramula assays at greater depth can't come soon enough if there is a deep-dive rig onsite.)
Indeed booboouberbear, all reasons to have a good % of your portfolio in GOLD assets.....only way to keep up with higher price inflation....regardless of how the governments measure and spin it! our house cost £500 in 1930 £1,800 1961 and circa £250k today (N.I.).
As the article posted on this thread last night points to, the Macro position of the spot gold price, and the micro position of the share price specific to shanta gold, is caught in a global tug of war of the global economy, USD, bond yields and everything macro in between, people get overly worried about day to day share price movements, they really shouldn't be, there is an 1 of a million and 1 reasons why people buy ir sell there shares, you'll go crazy worrying about it at such daily detail.
This company will soon start spewing out cash relative to its MCAP, and baring unforseen circumstances, which do sadly happen in mining, the SP will react in its good time. The real pay off here is what happens when the Marco focus shifts and shifts towards investment into junior resource shares like SHG, when (and not if IMHO) when central banks around the world tank their economies into outright recessions, and bond yield and GDP tank, and deficits explode...then what us fly into multibagger territory.
Just my IMO.
Thanks banksit, having done some research but not been here very long, it’s good to get some feedback. I’m happy to hold.
Hey suedee5
Correct about the new mine pour EoM but until the forecast potential becomes reality it will have little drive on the price, often you see AIM shares worked down so when good news pops the share jumps back to where it was pre manipulated drop. If the first, second pour etc backs up estimates then this will move for sure. If you believe like me ride it out, if in doubt......get out. H
Thank you for response’s, so that explains why buys constantly are shown as sells. let’s hope we can break through 12p soon.
No idea but the block seller re appears every now and then and sells into any rise approaching 12p. Frustrating for holders.