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So if a new offer is announced today....what exactly was voting for the second time yesterday all about? Will there now be a third vote?
Two of the hedge funds have fallen into line - although only one is on an irrevocable; the other on LoI. What is interesting is the funds that are NOT signed up to vote for the bid.
I suspect the new offer is conditioned by what the Patels can afford.
Correct!!!!!!
We must also bear in mind that the dividend offer is UP TO 0.15p. So it could be anything even 0.01p!!! I didn't expect a plc making an offer to buy out shareholders to be framed in the same way as a sale item in a shop window.
The words UP TO are a con, plain and simple and used on purpose to lull people in.
Keep on saying NO
Hopefully
They need 45 percent more, they only have 30 percent
Sounds like they have enough votes though
The 2.9million is the expected total cost, not the amount spent to date.
Still poxy.
No, Shanta nearly spent 2.9 million pounds on legal fees and legal advice until today inrelation to the takeover .read the News release ...
With news about the changed position on the dividend, this makes it equivalent to 15p per share, but I still voted No. SHG was paying 0.1p dividend (twice a year) before the new mine came into production. With the new mine now generating income, how high should the dividend be? I would say at least double - and the bidders propably think so too, that is why want SHG.
Still got 500k shares here, and this will still be no. Its raining cash at this company now. This should be approaching double what they are offering. The next quarterly results will be nose bleed territory.
Clearly they now need /want ( for some reason?) to get this out before the end of the year. Why.
I rang Barclays yesterday to confirm my no vote again. I suspect this needs to be done if you want to make certain that your previous instructions will be re submitted by your brokers. Not sure that their systems hold instructions indefinitely, or monitor corporate action progress in a way that allows them to act on your initial requests where terms and wording of votes change.
And FRO from me too...
There is clearly a decimal plate typo. I'm sure the RNS will be issued with the acceptable price of 145p a share before open.
Lol Jog On Bidco.
14.85p is sill shopping for champagne for beer money.
Still a ‘No’ from me
👍🏾
Foxtrot Oscar, Mr Patel.
14.85 pence in cash for each Scheme Share (the "Increased and Final Offer
Price")
Not enough for me. I'm NOT backing down over a mere 10% increase. If we fail, we fail with honour and after a good fight.
10% uplift - is that enough??
Last night I I used the online account service for Halifax Sharedealing and voted against again
“ At Shanta Gold, we are focused on maximising value for all our shareholders. We implement a rigourous strategy that is focused on net present value (NPV) whilst ensuring continuity and consistency through sustainable and responsible mining.‘
Eric, knowing current performance and non-hedged PoG, could you give us NPV please?