We have adjusted our earnings estimates to account for: $3m one-off restructuring charge in respect of “severance, termination and retrenchment costs” borne in Q3/17; cost savings guided by the management including renegotiation of legacy contracts, staff cuts, management remuneration reductions and other items which the company expects to translate into $4-5m per annum (or c.$50- 55/oz) running rate to be reached in H1/18; minor changes in capital expenditure as per management gu
24 Oct 2017
Valuation update
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Valuation update
Shanta Gold Limited (SHG:LON) | 14.8 0 (-0.1%) | Mkt Cap: 155.1m
- Published:
24 Oct 2017 -
Author:
John Meyer | Sergey Raevskiy | Simon Beardsmore -
Pages:
6
We have adjusted our earnings estimates to account for: $3m one-off restructuring charge in respect of “severance, termination and retrenchment costs” borne in Q3/17; cost savings guided by the management including renegotiation of legacy contracts, staff cuts, management remuneration reductions and other items which the company expects to translate into $4-5m per annum (or c.$50- 55/oz) running rate to be reached in H1/18; minor changes in capital expenditure as per management gu