Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Zurrin has irrevocably undertaken to vote in favour of this highway robbery, the duplicitous piece of ****.
Look at Appendix 3.
"The only acceptable explanation for today’s bid for Shanta by existing shareholders is that they are doing it to spark other bids at a higher level"
I disagree............this feels very much like an inside stitch up.........Interesting that the face and voice of the company Eric did not contribute to the RNS. He may feel he cannot recommend the offer based on his undervalued comments over the last year. I imagine there may be a nice big job waiting for him with ETG.
That's nearly 700k to vote against now...
"The only acceptable explanation for today’s bid for Shanta by existing shareholders is that they are doing it to spark other bids at a higher level"
I thought that to start with but thinking further it doesn't make sense - any other potential suitor will just say that the NEDs thought it worth £142M so thus doesn't need to put in particularly much over that - 'cos the board can't argue its not enough!!!
1.05bn shares in issue
https://www.lse.co.uk/share-fundamentals.html?shareprice=SHG&share=Shanta-Gold
We dont really need bidders, we were supposed to be invested in the community and making huge money for dividends and this and that. why would they be so quick to sell out even at 20p ?
Hopefully an alternative bidder will show up ... this will be our last chance getting a fair price
The only acceptable explanation for today’s bid for Shanta by existing shareholders is that they are doing it to spark other bids at a higher level. Shanta is a gold producer throwing off large amounts of cash and 13.5p in no way reflects its true value today. Let’s hope Barrick who are nearby get their cheque book out or another gold mining company.
100m votes against really enough? I highly doubt that but if that were the case I think we'd get there.
You have my votes but that's a little under 200k, not going to move the dial but every little helps!
The reasons in the RNS are ridiculous.............basically, large shareholders can't sell because share is illiquid so want to accept this crap cash offer............
Here is an alternative strategy
Sell WK next year when the licences are granted. Should raise around $100m.
Start buying shares back and start paying 5% divi.
Buy another ball mill for Singida.
Will be generating $10m plus cash a quarter
Everyone is happy
I imagine Bidco will sell WK next year and combined with the free cash flow will more or less get their investment back within 2 years.
Over 1 million of my shares are saying a big fat hairy NO GO STUFF YOURSELVES to this monstrous stitch-up and any other birdbrain offering below 16p can also go and insert an ingot up their cloaca.
The problem is their 20% is set in stone whereas PIs will a lot of the time, not bother to vote. The message needs to get out but I think a competing offer is the most likely scenario here regardless
Liberium price target 32.50p (Feb 22p)
Also Liberium, the offer of 13.5p is fair to shareholders 🤣🤣
1.2 million of mine not accepting.
To knock this down, what is the number we think we need? say the BoD can get to 300m shares...so 100m shares to be sure?
400m votes cast, 300M for, 100m against 25%+?
Maybe possible...
I'm definitely voting against this turd of a stitch up deal
Just had a couple of jars with friends who had little sympathy for my grumbles when they know I will be walking away with £80k profit from my investment of less than a year here lol (but that is NOT the point!)
The twats are not having mine that easy
.. with my 1.05 million votes. I am sure others will also join too. You may take the initiative write to the board, FCA and others on behalf of us dissatisfied personal investors.
"I just picked up another 115k for 13.01. Now 5.25m shares voting against. We need to get this really going fellas on the other boards, twitter, Reddit etc. At the very least we can look to force a higher offer from this c@nt Patel. I'm getting to the place that I don't mind if we end up getting taken out for something like 15p, I just don't want it to be by that greasy pr!ck."
Looks gearing up to head towards 2100 again US opens. Will make today's abomination of an RNS feel like even more of a p.ss take.
You can dream on Patel you grubby money grabbing bastard. You can shove your 13p right up your rectum where it belongs.
Https://www.shantagold.com/investors/stock-share-information/
Are we able to get the company to disclose the values they knocked back 12 months ago? Does anyone know if this is something that can be raised with the FCA - the level of dodginess here is extraordinary...?
I just picked up another 115k for 13.01. Now 5.25m shares voting against. We need to get this really going fellas on the other boards, twitter, Reddit etc. At the very least we can look to force a higher offer from this c@nt Patel. I'm getting to the place that I don't mind if we end up getting taken out for something like 15p, I just don't want it to be by that greasy pr!ck.
If no big buyers come in then you have to wonder what side the tanz govt are on ?
One of the problems with AIM is the six month filing deadline for the annual report. Main market is three months. It means in circumstances such as this they can get the acquisition done before issuing the annual report and they can then put the company into liquidation so not having to ever do the annual report. In Shanta’s case as a Guernsey company it does not need to file accounts that can be publicly viewed. The only reason it produces the annual report is AIM rules. So once off AIM no disclosure.
I suspect they must have considerably sweetened Eric’s package to get him to stay on but it is unlikely shareholders will ever see the disclosure.
Also work with other opposed institution shareholders.
Not sure it's got anything to do with race tbh. There's a general disdain for retail shareholders