Shanta Gold Forum

gold price is now under 1200

down shes goes, why people selling?

who sold 2 million shares?

overbought

people are selling because shg is overbought and sp will not go any higher unless theres a miracle or a re rate

shg is making profit in the last quarter and sp went between 8p and 11p, if they are not making profit in next rns the sp will drop, plus the gold price is down and i bet shg aisc has increased this quarter

i bet all in cost have increased to at least $1000, liabilities have increased too because of more borrowing from bank to fund life of mine, nav decreased

even tho no share dilution but if they spend the money then theres NAV dilution

friday - some sells showing as buys and the sp is down at end of the day lower than sp start of day

Big volume, large delayed trade, great looking chart, gold up big above $1200. Looking like time to buy.