I first tipped AIM listed gold explorer and producer Shanta Gold (SHG) at 21.5p in July 2011 on the site I ran for 12 years until this September – t1ps.com. In my most recent performance stats (august 31st) it is in there at 20.5p but the shares are today trading at 29.25p and are still, very cheap. The Tanzanian based company is valued at £93 million, has cash and is now producing gold and material cashflows from its lead asset at Luika. I reckon that the stock is hugely undervalued. It really is a Red Hot Penny Share!
So what does Shanta own and what is it really worth?Comments