Market's view on Shanta Gold
Published on April 2024
- Dividends were reported to have been paid on time by IG, and received from Barclays Stockbrokers.
- Some delays in dividend payments were noted with AJB historically being a couple of days late, and current delays with Bell were reported.
- There have been issues with the allocation of dividends, requiring additional checks across accounts.
- Concerns were raised about the impact of heavy rainfall on production, which was not previously advised, affecting stock performance.
- A quarterly update was issued, though it was not perceived as helpful by private investors.
- Commentary on the timing of releasing positive drilling results from West Kenya suggests they were withheld to avoid attracting potential bidders before a vote.
- Discussions involved the reliability of certain stock forecasts and the credibility of information shared by some investors on public forums.
- A final reflection on the share price movement and potential of West Kenya in the context of the broader gold market was discussed, highlighting the opportunism in the market.