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1plus1 - This being the case, is there any real point in voting? Shouldn't our respective brokers inform us of this dilution of authority?
Sold out too, gla.
I'll have to change my name to BittenThriceShy....
Sold out invested in harl gla
I piled into paf and srb, glad I sold up here, as I bought them early with my Shanta profits… I been in Shanta since 7p days am disappointed in Eric one I will never trust again.
But if we have lost, at least we gave them a bloody nose. i have made over 40% which is a great return, though we all know it should have been a whole lot more. zephyr looks like my next great success and am holding on till next the drill finishes, or just before it. already well up, but the paradox basin has scuppered many before it..... and zephyr last year, since when the shares fell off a cliff, hence may take my winnings at the gold rush time and be ready to pile back in...as ever DYOR. many thanx to all for the ride, except of course all the serial rampers, we know who you are. also in HARL. up and down like a bleeding yoyo. ARROW looks good at this present time though again DYOR. we'll meet again, don't know where don't know when........................
Grezzz,
Yeah it is unfortunate but it was worth the fight for shanta, good to hear your friends made good money in it though. SRB is my biggest gainer and i still think it has more to give with gold going up its economically feasible ore body just keeps growing too. I have only peaked at CEY its been a solid recovery play and looks to be turning things around, AISC remain stable, gradual sustained increases in annual production and a good pipeline of production projects all be it in an area thats got a few issues around it at the moment (Cote D'Ivoire) they look promosing. Id be tempted it was the simple fact i wanted a larger miner with good exposure to silver i didnt choose CEY, its definitely one ill look to take a position when i get more lumps of cash to invest. I wont drone on about investment case for gold as thats why we are all here but aslong as you are in a stable producing gold miner, all should benefit massively considering the upward momentum golds going to have atleast for the medium term!
Aim is an insiders game where the retail investor ultimately provides the capital, but without the gain. Its the transfer of wealth from the common man to the directors and institutions. Best of luck....but don't buy, or if you do don't hold too long.
Clearly the non regulators get jobs, as do nomads and brokers. Commissions are made by brokers whilst Conv. Loan note sharks are onto a winner. Directors get rich salaries, and raise funds with the institutions that forward sell. Seems as if thye continuing loser is the small guy....who, even if he gets it right, (as with Shanta), is robbed of value by institutions acting in concert with directors/connections to rob value from the retail investor. Hey...thats life...
Mattyboy, will you be following up to see if there was a discrepancy between the 2 voting periods after all the shenanigans that played out when were were asked to vote again. I guess a few people on this BB would be interested to know if that also went in Patels favour. Not that it changes anything :(
Nigel,
Thanks for that insight. It may be that missing a better entry point for HOC may just have to be taken on the chin. The annoying thing is that when it was hovering around 98/100 I recommended it to a friend of mine and after he'd checked for himself, he loaded up! I kept adding to SRB as it seemed to have better opportunities to build at a decent average. I'm trending a bit more risk averse at the moment, so might go with either HOC or even CEY. Have you looked at the latter?
As others have said, AIM stinks of corruption these days. It seems that 90% of companies either go bust or shaft the investors like this just as they hit pay dirt. Who in their right mind would sell at this stage without a backhander? Started investing here in 2012 and was finally looking forward to making a profit but as the actions of these schemers have held the price back I won't even break even. V dodgy how some ppl had to repeatedly vote. Would love to see what a thorough investigation would reveal. I wouldn't have even known about the votes were it not for this site. On the bright side, this will hasten my exit from AIM, so I can stop losing money!
Grezzz,
All have their merits, THX most undervalued but in a risky area, SRB is in a stable region also undervalued but like THX hasent got a long proven resource minelife. But with little capex spend i see this easily changing. HOC is in a much more safe and stable area, and exposes to around 40-50% of its revenues in silver which, silver, i see as very undervalued plus it is expanding its production. Although when i was initially looking it was 90p however, i decided to hold SHG throughout this fiasco so unfortunately missed that buy in. FRES is potentially a punt for another silver play but medium term their production is marginally reducing so isnt as attractive to me. People happily correct me on my evaluation, it is all my opinion and interpretation.
Nigelbonger
"Oh well we have tried. Topped up my SRB THX EDV and bought new positions in PTAL, FRES and HOC. its a shame but theres many more out there. Good luck all its been a pleasure"
I have a reasonable holding in SRB too, but held off diversifying further until the result of this fiasco was confirmed. I quite liked the look of HOC at around £1, but it's less attractive now. Have you researched quite thoroughly, and if so, who's the favourite? Would appreciate your considered opinion :)
Mog, 99% of private investors will own shares via a nominee broker (e.g. iii, IG, HL, etc.). Those nominees will aggregate all their customer votes and then they will vote once in a single vote.
Number of Voting Scheme Shareholders who voted: 84 For, only 37 Against. Aren't there more than 37 of us on here alone? (I accept that not everyone may have voted against in the end.)
I guess to many the result of the "vote" no surprise, case of BOD "if at first you don't succeed et al" I'm therefore out and wont wait for "D" day, monies from here straight into Serabi Share Chat (SRB) as they seem to be a better, more ethical choice for my money
DYOR, its been a heck of a ride here, but reflecting I'm not sure I enjoyed being taken for that ride mind!!
There has clear.y been something bubbling underneath all this which has forced some of the bigger long term investors, who are in the know, to sell. Very difficult to know what but likely connected to Tanz government.
You need 75% of votes voted for the meeting to pass. The 72% is the amount of issued capital that have voted.
I thouth they needed 75 percent of all shareholders voting for, yet under 72 percent cast their vote, i wonder how many lost votes there were after the shambles on revoting
Oh well we have tried. Topped up my SRB THX EDV and bought new positions in PTAL, FRES and HOC. its a shame but theres many more out there. Good luck all its been a pleasure
"invest" is the wrong word ... its more like "gambling"
Like expected ..wonderful ... now hopefully a correction of the POG happens soon ... i will buy some other cheap miners like Calibre , Dundee Precious Metals and some explorers like Newcore, Tri-Star Gold from the gains ....
The next stage is the court hearing. No date is yet set for that as preconditions have to be met (these are set out in the Scheme Document). Some are procedural and easily in the grasp of Saturn. However, the important ones are regulatory clearances from Kenya and Tanzania. They have Kenya and I am sure Tanzania is well advanced. Once they have Tanzania (and any other preconditions) sorted they will ask the Court for a date for the hearing. The Court hearing will likely be only a day. On the third day after the Court approves the Scheme the shares are removed from AiM trading. The takeover proceeds to shareholders are paid 14 days after the Court hearing.
It is difficult to know when the Court hearing will happen, as dependent on the Tanzanian authorities, but I would guess no later than mid May (and quite probably a good deal earlier).
It is largely procedural now. It is possible that the takeover could fail on a precondition, but rather unlikely. Until taken off AiM the shares can be traded, They will now largely trade on the time value of money discounted for some risk.
well that's me completely out, not all interested in locking my cash away for a ****e divi plus a 0.30% premium.
The whole thing really stinks and I'll never invest a penny again if Eric is involved