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PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Shanta Gold – New Loan – What is going On? Still Dirt Cheap

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- Tom Winnifrith

AIM Listed gold producer Shanta (SHG) is in production and should be generating cash from its New Luika mine in Tanzania At June 30th it had $21 million in the kitty yet on October 5th it announced that it had secured a new $4 million loan facility from a director and was “in discussions with additional providers of working capital financing facilities to meet its short term working capital requirements during the ramp up phase of the New Luika Gold Mine.” What on earth is going on?

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