Shanta Gold

good time to buy small gold miners

the market is hammering them regardless of fundamentals.

the tide will turn eventually but prepare to be patient

Define "interesting".

I don't know two things about this company to be honest but your post intrigued me so I looked them up.

Negative operating profit and EPS numbers as far as the eye can see. Are you not concerned about that? And that "little company" owning about $6 million when they manage $3.7 trillion is probably not even a rounding error for them. Unless you meant it as a very short play but then again you'll have to fight technical resistance at both the MA1 and MA2 levels.

It hit 40p last March, it got some momentum going again in early fall and then went in a free fall to end at 18p where it is today, when the commodity itself is now higher than what it was in March.

You better start asking yourself the question.....why?

d13phe 25 Nov 12 13:48 
good time to buy small gold miners

the market is hammering them regardless of fundamentals.

the tide will turn eventually but prepare to be patient


WRONG !!!!!

The market is hammering them PRECISELY because of fundamentals. I can explain if you wish.

i have no interest in your opinion

No problem mate.


“It ain't what you don't know that gets you into trouble. It's what you know for sure that just ain't so.” ~ Mark Twain

Men - A little more research, and a little more care into understanding a situation before goading in would certainly pay dividends.

There have been 2 placements in the past 6 months.

One at 20p  circa May time

and a placement at 17p circa 6 weeks ago

Thank you.

Re: Blackrock

Regardless of how much they have under management, they carefully do their due dillgence before spending even a penny, which is why they are where they are.

They took up placements at both 20p & 17p.

They are certainly not gamblers.

Technical resistance.... on a small cap stock?

Dear god

You are trying to act clever, but you are just a very clearly obtuse loon.

Who do you think you are conning by saying "MA1" MA2"?

Why not be a little more expansive on these moving average levels instead of just typing bland rhetoric in the vein hope of impressing?

your ma1/ma2 could be anything, you can adjust a moving average to suit accordingly...

but anyway, as i suggested earlier... technicals on a small cap?

good luck with that.

Okay, I'll play along.

Were you recommending a buy? Why the feck then hide behind "interesting times ahead" which can be interpreted any number of ways. Do you have a target price in mind? Do you know when those who buy now should take profits, or stop losses? You seemed to have overlooked all this minor details in your post, or may be in the world you invest in they don't matter.

So basically you're investment decision is based on the fact that BlackRock has a 5pc stake? Because aside from that and "the proven deposits in Tanzania" I see squat all of analysis in your post?

Are you aware of the number of small caps that BlackRock has a 5pc piece of? And if this is such a great opportunity why would a behemoth managing $3.7 trillion in the markets not up it's stake substantially since what they have into them already is no more than a nice tip for a waiter on their balance sheet?

And yes, technicals on anything if you are trading because that's what the machines see, and that's were all your liquidity is coming from at the moment.

You can continue to look for the proverbial needle in the hey stack with small gold miners, and who knows one day you may even get lucky. They are getting hammered in the markets because the fundamentals are poor, that's why they are getting hammered. But simpletons continue to look at the price of gold going up while their investment portfolio in these miners is wilting, and the consul themselves by convincing themselves they need to be..... "patient". What a joke.

I work in M&A. Do you know for how many deals I was be able to raise money for involving small gold miners? NONE, as in ZERO. Because unless the deal is self  financing it just won't get done. The chaps that in the shadow banking system that I talk to, and who I'm trying to convince to put their gambling money on the line, know what I know. The fundamentals suck.

Here's a little nugget for you. These miners face extreme pressure from  environmentalists, unstable political forces in the third world sewer holes the "proven" deposits are located in, the ever present danger of nationalization, 10-year development cycles, escalating energy costs, massive capital expenditures, loss of sentiment since the predictable market thrashing they took in 2008 contrary to what mugs like you were expecting, and gawdawful mining accidents that can bankrupt you overnight. And for what? So that they can add 1-2pc to the world stockpiles every year? Get a clue FFS.

If those are "good fundamentals", then knock yourself out. I think myself, and every hedge fund manager I know, will take a pass.

Here, stick your face in this........or, the alternative is to keep telling yourself the market is getting it wrong and all you have to do is be.......patient.

HUGH HENDRY: Buying Gold Mining Stocks Is 'Insane'

http://www.businessinsider.com/hugh-hendry-insane-to-own-gold-minging-equities-2012-10

M&A? 

No you don't - your language clearly tells me you don't.... so don't even bother with me on this one... you may be able to play the other clowns with your tales, but you certainly won't play me.

For the record, I purchased on the last placement at 17p, and my target price is north of 40p.  I would not be a holder if this went below 13/14p.

So now, we can wait and see what happens.

I will be happy to keep this updated over the coming months.

btw - that Hugh Hendry piece is old news, i like the guy.. straight talker.. but it's just his opinion.. and as he clearly states... he has no real idea, as deep down, he and most successful hedgies are straight out trend followers, the "fundamentals" noise is just that... noise.

I wish you luck.

You talk a lot but you say nothing, happens quite a bit on here it seems. You tell us WHAT you bought and some ARBITRARY targets but beyond stating some amateur generalities like "BlackRock" owns a percent and "proven deposits in Tanzania", you still haven't posted sh1t WHY you think we should all jump in.

The Hendry thing is only a few months old and quite frankly I don't see that anything that's changed since. Besides, all the meat was in my post, the Hendry piece was to just reinforce the point. Besides, while you watch this stuff on video, someone of us live it in the flesh. He cost me a bottle of Krug at 390 quid and a few dozen Lock Ryan natives No1s at 3.50 quid each over at HIX's (just a short 10 minute walk from here) to at the end, after my pitch, look me in the eye and say...."Have you lost your fecking mind?"

The noise is only the confusion in your head.

I like ORE for a play in this arena. They've held their value unlike 90% of my AIM shares over the past 2 years. I don't see anything happening in the near future tho as the winter weather puts a dampener on their exploration. The winter months should give the US enough time to make something up with Iran. Share investing based on the petrodollar. Love it

As I said earlier Men - you can fool some of the people some of the time, but.... etc etc

you know the rest, and I know you know I spot your bullshine.

Good luck.

the "have you lost your fecking mind" is a regular Hendry outburst... you maybe stole that and added it to your fable from his LSE seminar a few years back.

At this point I should add that I am an FSA approved person.

You can believe what you want to believe, stupidity is anyone's prerogative.

However, next time you post sharing your infinite wisdom about a trade, try and tell posters WHY they should join in, beyond stating some childish observations that are widely available to everyone with basic googling skills. Some cash flow analysis would be nice. Because without that, even if it turns out you were on the right side of the trade, they can't distinguish whether you got sh1t lucky or you really know your stuff.

Good luck.



P.S. No, that is not a regular Hendry outburst, I have no idea where you got that from, but it was an expected outburst when I was trying to get him to support a small miner acquisition with his money. We enjoyed the oysters and the Krug nevertheless.

Barzalona 25 Nov 12 20:11 
At this point I should add that I am an FSA approved person.



I didn't see this, it went up while I was posting.

That changes everything mate, why didn't you say that from the beginning FFS?

That obviously gives you license to put up here anything you wish, no explanation needed. You earned that right.


***********************withdraws on his knees with his head down while chanting "we're not worthy, we're not worthy***********************************

I see, so the backtracking has started.

It would have been easier if you just came out and pooh pooed the investment case, but you are setting up get out clauses now.

What do you think about a placement price of 17p, men?

and what would you think about the "protective" nature of such an institutional placement price?

I note your absence in discussing old Crispin?  Surely you must have shared a vintage burgundy on the Riviera in your time as a M&A big dog?

Also, may I ask how busy has your M&A activity been recently?  Maybe this could explain the source of your anger and general hatred of people?

You may think yourself to be quite the clever dick, but upon inspecting recent spars with your mate Frog it appears you are quite the little weasel, and a little weasel who was made to love very foolish and sheepish in recent times.

Do keep it up old chap, its good sport for the rest of us.

Enough of this, I wasted enough time.

Good luck with it, keep us posted what happens. You never know, may be you'll get lucky pulling the handle of the fruit machine this time.

Men - the point of putting that up was just to highlight my background a little.... of course I could come out with some cracking yarns about sharing 5 hour lunches with George Soros and the like.... but I just cannot be arsed with all that type of fairytale banter... I will allow you to continue with your hans christian anderson impersonations... they are actually quite good.

Wasting time on this forum seems to be your primary occupation, why stop now?

I bid you a pleasant evening.

Again, that was posted while I was posting myself.

Backtracking??? Who is backtracking??? And who is starting the name calling now???

You still can't explain WHY other should follow beyond the amateur stuff you put up, and you get upset when someone asks. So you throw smoke bombs to hide your ignorance, and you start calling names to divert attention.

It also sounds like your knowledge of the M&A sector is about as good as your knowledge of fundamentals of investing in small miners. Actually, since you brought it up, activity in M&A has never been better, thank you Mr Bernanke. When every corporate can borrow money this dirt cheap at levels never seen before, some cheaper than the US government can (IBM sold short duration paper for 0.17pc !!!), they'd be silly not to. And they do. Where do you think this money is going. There's never been a better time to acquire other assets in the market.

If busting the balls of clueless mugs like you who post brainless rubbish on here makes me a dick, then you're probably right, I'm a dick.

I'd very much like to know with Mergers of recent times you have been involved with? (come on, you know I know)

Going back to Shanta, I have bought a very small personal amount via my SIPP, which represents circa 3% of the total value of the SIPP, so it's not going to make or break me.

I could do what you do and type a load of anal googled hoopla, but what does that prove?  Any clown can do that, as you highlight so well on a daily basis.

Bottom line, I like the company, and I certainly like the price I paid.... and what?

btw - you don't bust any balls on here... but as Frog clearly demonstrated by pulling your pants downs recently... you absolutely do not mind a good public fisting

Clown

Really? Would you like me to post my home address as well while I'm at it?

I couldn't give a toss what you've done, or what you plan to do with Shanta. Now, saying "it's not going to make me or break me" sounds like a lot of backtracking to me. Good enough to tip on a public forum, but not good enough to put real money on the line. A real confident lad in knowing your stuff, aren't you?

And how many posts later, a a few dozens insults, but you still can"t utter an intelligent word WHY anyone should buy beyond the amateur sh1t you included in your original post.

Next time you wish someone a pleasant evening, stick to it.

Seems I have you on the hop.

No need to get so defensive, I mean M&A big dogs are always likely to frequent gambling forums on a daily basis.

Is this moron for real?

Do I sense a little strain in your voice, or perhaps just a whiff of anger?

You dropped enough names on here, if you contain the beating you are taking and don't bleed to death, may be someone will arrive to toss you a lifeline in the nick of time.

Hang in there.

Yep, I'm the angry one, I'm the one telling the other I have him down.

Keep going, even you will begin to believe it soon enough.

Go back and count the names you called me you mug. And for what reason? Because I said EXPLAIN WHY, and you couldn't.

How does one get FSA approved with the intelligence of a goldfish is the real question.

haha "you mug" ?

superb, try and look up hypocrisy in a good dictionary.

Oh, now here come the ""haha" and more name calling.

It takes one special riff ruff to call that other guy every name under the sun in angry tirades and then say........who's angry you hypocrite?

You are one such person.

I wasted enough time with you on here. The only positive take away for me through this dreadful show you put one is that, although you live in the shadows most of the time, you follow my posts on here. Just about the only intelligent thing you've ever done. Keep it up.

Have a nice evening.

Yes, I think you should run aswell.

You done well tonight, nearly as well as when Frog is publicly flogging you to death.

You reproach me for "calling names" and then call me a mug.... ??

and you wish to comment on MY intelligence?

I have you sussed, you are just a parody account

Melly

One thing I must confess is that I marvel at your indefatigability when it comes to being a cnunt.

Getting a nice run at the moment, some nice volumes supporting the run up in price to 19.5p over the past few sessions.

Apparently Odey is a bit of a lucky chap in buying stakes in smaller companies that then get swallowed by a larger competitor.

19p today... possible announcement of full production on the cards

to add...

30M loan facilty from a private bank granted, gleaning a little into the agreement, it suggest this would only be granted on production being at full capacity.

Pushing 21p today.

A tidy 23% gain on my initial investment, I am however in it for the long haul.

DJ Shanta Gold Produces 5,748 Ounces in Fourth Quarter



LONDON--Shanta Gold Ltd. (SHG.LN), an East Africa-focused gold miner, Monday said that gold production totaled 5,748 ounces in the fourth quarter of 2012 with a further 1,917ounces of gold absorbed on carbon which has since been converted to dore bars.

MAIN FACTS:

- A tertiary crusher was successfully installed in early January, which has increased the throughput capacity to levels required for the 2013 production target of over 70,000 ounces.

-The original two-stage crushing circuit was upgraded to a three-stage crushing circuit in early January and has operated well with 870 ton per day having been crushed in the early commissioning period compared to an average of 390 ton per day in the last quarter.

-Work on the revised medium term New Luika mine plan, incorporating the higher grade Bauhinia Creek resource, is continuing and is expected to be published in the second quarter of 2013 following completion of additional in-pit geotechnical drilling .

-Shares closed Friday at 21.1 pence.

Another gain of 7% this morning, looking rosey in the garden.

Trading up at around 24.25 this morning.

42.5% gain to date.

Again, more than happy to hold on, the current Luika mine is now in full production, but they have other projects in the same area that could yield just as much "tonnage"

Remind me again, 3 1/2 months into this trade, what's the gain?

And just out of curiosity, 3 1/2 months ago, should I have put my money in the US markets when someone very important openly told the world that he was going to print nearly $33,000 per second, and hand it over to to his friends at no cost to buy the market, or should have put my money in this dog who survives on credit lines, loans and share dilutions?

Didn't cover that part in the FSA approved person handbook?

Is this a good time to buy or should I wait until it goes to zero?

Oh, and can someone please remind me, what was the name of that "lucky chap in buying stakes in smaller companies" ? I have a feeling the "lucky chap" was off loading his shares to those mugs who thought things at one point were "looking rosey in the garden".

Any retired millionaires trading this golden nugget yet?