Shanta Gold Acquisition (SHG, 10th Feb 2020)

Shanta Gold – Acquisition of Kenya Gold Assets

Interesting Developments at Shanta Gold, with the acquisition of kenyan Gold Assets from Barrick Gold Corporation, with Barrick taking a significant stake in SHG as part of the deal…

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As you can see (below), investors are reacting positively…

Key Metrics

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Mick’s Thoughts

This should be positive for Shanta Gold, provided that the infill testing results confirm the economic viability. It also sets up the interesting possibility that, at some point in the future, Barrick might gobble up (takeover) SHG… especially if gold prices take off!

Note also that the preliminary results for Shanta Gold are due at the end of this month, when we should see the positive impact of recent gold price rises on the H2 (and Full Year) results.

You might also like to refer back to the 2016 post on SHG, which you’ll find HERE!

As ever, please do your own research (DYOR) and make up your own minds accordingly.

If you have any comments or observations, regarding the above, then please use the contact us form Here.

Mick (11 February 2020)