Shanta Gold - SHG Stream Log

SP Angel note out this morning on Research Tree: "Shanta Gold report they have completed the restructuring of their convertible loan. We sat down with management last week to understand the deal...There appears to be significant potential from the exploration and development of extensions to the existing pits and new underground workings. Shanta looks well set on the road to financial recovery with relatively steady gold production and an improved mine plan in place. The team understand so much more about the geology of the license area with the potential to discover allot more high grade gold ore in our view."

"Shanta Gold primarily engages in gold mining, processing and exploration in Tanzania. The open offer has been made after the company issued new ordinary shares to raise US$10.0m earlier this month. The earlier offer received positive response from shareholders, given about US$10.5m was raised. The funding would help Shanta Gold in meeting capital expenditure requirements at the New Luika Gold Mine (NLGM) over the rest of 2016. In addition, the company would be able to execute the Base Case Mine Plan, undertake the underground development of the NLGM and progress with satellite deposit exploration. Moreover, the proceeds from the open offer would strengthen its financial position, enabling further exploration work. Considering the argument mentioned above, we..." Beaufort published a note on Shanta Gold this morning, available for free on Research Tree

my sell at under 6p shows as a buy hmmm

excellent quarter

the bounce is pretty short now on the way down with the pog

AISC is around 1400 no wonder its falling like a lead ballon 5p in coming weeks

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

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

avging 11p here but will buy more at lower price

back to below 9p or 8p