George Zibbos
18 Sep 2015
Bottom at 4p Im calling the bottom now on this at 4p. Gold is bottoming and prospects here are improving Im putting my money where my mouth is and Ive doubled my holding at this ridiculously low level. I think this is a cracking little gold produc
Andy Reilly
08 Sep 2015
Re: Back on track... raji - thanks for your very open reply. I must say I like to have a basic grasp of a co's fundamentals, but I have come to rely pretty heavily on TA to inform my buying/selling. I have found from past experience that fighting the market can be a painful business, and TA increases your chances of avoiding too much pain.Anyway I hope SHG recovers soon for you -
rajishere
08 Sep 2015
Re: Back on track... Thanks AR for that post, wish i had learnt and stuck with the TA approach some time ago. Would have saved me a lot of dosh and even more headaches.Im now only invested in profitable-ish producers so that even if it takes longer for sentiment to turn i own a company that wont dilute / go bust.I try to use TA to help inform my decisions but still a value buyer by instinct
Andy Reilly
08 Sep 2015
Re: Back on track... raji - lets hope in the longer run your buy works out, but TA suggest waiting for a trend reversal signal, rather than taking a view that the stock is 'good value'. The SP could have put in a bottom recently at 4.25p, but until it makes a decisive break out to reverse the down trend, buying is always a gamble.It means that you wont always buy at the lowest price, but waiting for that signal makes your chances of a successful buy much higher.The downtrend for gold since it peaked had been relentless, which is why they say the trend is your friend, and for gold and Shanta it has been warning to avoid for a good while. Lets hope 2016 sees the start of a recovery. ARPS - I sold out at a tiny profit (or loss - cant remember now) a good while ago as I thought prospects looked very poor for the sector based on the charts. I got some very uncharitable comments for my bearish view, but events have supported my longer view, but the sector will recover at some point, but I feel its best to wait for some solid TA signal its on its way.
rajishere
01 Sep 2015
Back on track... Gold production back to ~7000ozs per month from June60% of production to December 2015 hedged at $1,222Expected production of ~75,000ozs at AISC $950 for FY 2015Great value company just waiting for change in gold sentiment
dotlink
07 Jun 2015
the bounce is pretty short now on the way down with the pog
Taddish
01 Jun 2015
Re: bottom? Could be a good call rajishare.Tad
rajishere
01 Jun 2015
bottom? Blakeney flogged 26 million odd shares should mean big seller is out of the pik now. On the plu side bought 20k shares at 6.55p... will see if it turns out to be a good buy in a few months!
dotlink
01 Jun 2015
AISC is around 1400 no wonder its falling like a lead ballon 5p in coming weeks
Andy Reilly
30 Apr 2015
Re: USD pp - I see the SP has broken below key horizontal support of 8.5p - not surprising to see a more nasty fall follow. Look at that nasty break down on April 20th! Maybe gold will start to recover in 2016, but it has been an unpleasant hold for anyone who bought the sector believing its heady days would soon be back.As you say a lot of goldies look very sickly, but I am happy to have avoided the sector for a good while, and stuck to my long term negative view - the chart has been a great help warning anyone off. Lets hope it isn't too long before gold starts a more sustained recovery.
proper pasty
24 Mar 2015
Re: USD "So this has never been better. Yet the SP - pretty lame given this is solid."Be carefull, you will need to understand the resource, grade fall off, how Bauhina and Luika has been mined, the grade going forward, the feasibility of "going underground" next year or development cost of new pits and the relationship with the mine contractor to from a view if "this has never been bette"r.This needs a run on gold, as do all in the sectorAll IMO
Shark____
24 Mar 2015
USD Whats kind of nice is despite the fall in gold the actual cost of sales has in USD has plummeted. So this has never been better. Yet the SP - pretty lame given this is solid.
dotlink
01 Mar 2015
All in Sustaining Cost of $979 in last quarter and they are trying to cut All in Sustaining Cost to between $830 to $880 for 2015 they are making a profit, sp should go up soon from the look of TA on charts
dotlink
27 Feb 2015
support at 9.75p and full ask at 10.30p, mac d, rsi and bbwidth look about to reverse, sp looks good to go upwards
dotlink
18 Feb 2015
avging 11p here but will buy more at lower price
