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Shanta Gold - operational progress v. gold market sentiment

By Tom Winnifrith & Steve Moore | Monday 15 April 2013


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Shares in AIM listed, Tanzania gold producer Shanta Gold (SHG) traded at more than 40p in February 2012 but have since been hit by a combination of a weakening gold price, poor sentiment towards its sector and what October-appointed CEO Mike Houston described as progress “hampered by funding constraints throughout much of 2012 and subsequent plant design weaknesses, which together resulted in startup delays and a production shortfall”.


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