Shanta Gold – a recovery BUY!

Shanta Gold (SHG) has recently announced that “after further engagement and having taken advice from its financial advisors, the board has concluded that there is no merit in continuing discussions with Shandong and Chaarat, which both parties have accepted”. That ended current bid talks and sees the shares currently down to a 10.5p offer price. However, the company added that it is now “focused on optimising and growing its quality portfolio to continue to deliver long-term sustainable returns for shareholders with a number of value catalysts in train for 2023”. We consider that they can re-spark these shares back to the 16p+ of last year.

Shanta Gold (#SHG) – Yintai Gold not intending to make an offer, also has approaches from Shandong Gold and Chaarat (#CGH)

Shanta Gold – Potential Offer: Is A Bidding Frenzy Starting In Gold Stocks?

Shares in AIM-listed Shanta Gold (SHG) shot higher yesterday after the company announced that it had received approaches regarding the potential takeover of the company. Could this be the start of a bidding frenzy in the bombed out Gold mining sector?

Shanta Gold (#SHG) – notes “based on further discussions, any offer from Yintai is also likely to be solely in cash”

Shanta Gold (#SHG) – H1 post-tax profit $3.1m, DPS 0.10p, after lower 28,842 ounces gold production

Shanta Gold – Q1 production and operational update, Buy...

Writing on Shanta Gold (SHG) just a few days ago we noted a positive exploration drilling and resource update had helped the shares up but that there still looked much more to go for. A “Q1 2021 Production and Operational Update” has since helped the shares further higher. So, what’s the detail?

Shanta Gold – 2020 results, 2021 “huge opportunity” ahead?...

Shanta Gold (SHG) has announced results for its year ended 31^st December 2020 and claims that “2021 presents huge opportunity for Shanta as we continue to strengthen our core operations at New Luika, progress mine construction at Singida that began in Q4 2020 and continue the drilling campaigns underway at our high-grade West Kenya project”. So what’s the detail?...

Shanta Gold – reserves and resources update: Buy

Shanta Gold (SHG) has announced a reserves and resources update for its portfolio of gold projects and there are positive signs, with the shares responding approaching 5% higher to 17.4p. They will go higher.

Shanta Gold and Ariana – Director Selling…..should you follow suit?

I see that NED Robin Fryer at AIM-listed Shanta Gold (SHG) has dumped his entire holding of the company’s stock. And CEO of Ariana Resources has been cashing in on options – and selling. Should we read either as a cue to follow suit and sell?

Shanta Gold – “pleased to announce” fundraising. Hmmm!, but still a buy...

Shanta Gold (SHG) “is pleased to announce… the company has raised gross proceeds of £32.2 million (approximately US$42.1 million)… at a price of 16.5 pence per ordinary share. The fundraising was significantly oversubscribed”...

Shanta Gold remains a buy following fundraising and with production increases to come in the future

Back in August I wrote about Shanta Gold (SHG) as being worth a look at around the 16p level, and with a chance of a good profit over the coming months.

Shanta Gold – Q3 update, shares up on recent tip but more to come...

Shanta Gold (SHG) has updated investors on its quarterly production and operations, including emphasising it now “has a portfolio of high-quality reserves and a pathway to organically grow to a +220,000 per annum producer. At the date of this release the company's net debt has reduced to US$2m and Shanta is on track to be unhedged by early 2021”...

Shanta Gold – a buy?

Shares in East Africa-focused gold producer Shanta Gold (SHG) approached 13p in February with the gold price still then well below $1,700 per ounce. With it now well above $1,900 and looking to have, potentially much, further to go and following recent updates from the company...

Shanta Gold is working to increase reserves and production – speculative buy

Gold is all the rage at the moment and looks set to remain strong, even if we do see some pullbacks or it not advancing to the price levels that some are predicting. So, it is no surprise that there is so much focus at the moment on any company operating in the gold sector, either producing or even just early stage explorers. With such a big recent rise in the gold price, many miners have followed it upwards, so if you are only just getting into gold now, the trick is to try and find value, and if something does look cheap, to understand why it might be trading at a lower market cap than you would expect. One ShareProphets reader has recently asked me to take a look at Tanzanian gold producer Shanta Gold (SHG), as to him it seemed relatively cheap and he wondered if there was a good reason for it being so...

Shanta Gold (#SHG) – advancing a $20m Singida mine IPO on Dar es Salaam Stock Exchange, Shanta to retain at least 51% of project

Shanta Gold (#SHG) – notice to terminate Helio Resource acquisition due to potential impact of new Tanzania laws

Shanta Gold (#SHG) - CEO walks the plank, looks like a profits warning as well

Shanta Gold (#SHG) – proposed all-share acquisition of Helio Resource, debt restructuring & £11m placing

Shanta Gold (#SHG) – first underground ore produced from New Luika gold mine

Shanta Gold (#SHG) – $10m financing secured against recently commissioned power station