Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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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
Here's something for everyone, take a look at the broker ratings (and reiterations) by our house charlatans over the past couple of years. And this is before we had a second low cost mine, far more reserves, gold price at record highs, no debt... And now they're advising this deal represents good value...?
This is mgt effectively stealing the company from PIs who have carried the bag after Oddey got handsy. It's Patel paying off our mgt team. Our board and Chairman are crooks. And even our brokers are cashing in on the crime.
Will we get the overdue assays? Will we get the our best ever Q1 operational report? What would the sp have been when we get these things - 15p I would think at a minimum. The stench here is absolutely rancid.
Anyone with spare cash start throwing it in here. At the very worst you get a guaranteed 5%. At the very best we get a bidding war, or this derogatory offer gets booted and we start our climb from 13.5p with an ever increasing cash pile.
I am guessing the other board members will be well looked after and the PI's will be shafted as usual!
I don't think we do. But I think you could get some of the way by making a webpage that has
(a) the message that there is going to be a strong vote against this, and it is possible it might be defeated
(b) relevant sp forecasts (as contrasted with the offer)
(c) key dates to vote by, and how to (through your broker)
(d) crowd-share it on this, advfn, twitter, and any telegram groups that exist.
Might be enoguh to make a difference
Indian businessmen tend to be quite ruthless, albeit effective. There is little respect for shareholders, particularly Western ones and Western management tends to be discarded at a certain point in favour of close associates and family. I have seen it happen before.
Absolute corruption at its best
Sold up and moving on
Not waisting any more time and energy on this shower of xxxxx
Is there a group on Telegram as that's probably the best place to organise an action group?
How do we organise a campaign? How do we find all the shareholders on the register?
Yup. Spot on. This will be my final, final attempt to make money on AIM. It's a dying market because management is typically corrupt
They can continue to buy shares (some restrictions) but if they buy over 13.5p then that resets the offer price. I would be sure the share purchases count for the vote.
Anyone fancy organising a campaign?
This is why liquidity (and by cause valuations) has disappeared on AIM, years of theft, today is just the latest footnote in AIM’s destruction, I will get out with a 30/35% profit, and it’s a nice profit, so, so be it, but it’s a shafting by the NED of the company of the shareholders who took on the risk of share ownership when the company turned itself round under Zurrin / Leslie.
This has been on the go all 2023, as we find out today, a complete joke.
I've changed my mind. I'm cashing out my money market funds to invest here. It's simply not right that retail shareholders get shafted.
I'll be buying in tomorrow with the money (about £50k)
Its really a management buyout not a takeover, i dont see how the rules can allow insiders to do this especially having operational knowledge and where is the management approval / disapproval ?
i thought all takeovers had to reccommended / rejected by the management (ie eric) ?
they were last time (and this really is no different)
It is dodgy. How can they offer such a low price?....I was looking forward to a big pay day with SHG....instead I settled for crumbs....
They have got 19.18% of Voting Scheme Shares (some shares ineligible to vote as conflicted) in the bag. That is of the total share count (less ineligible shares). Then whatever they are picking up in the open market.
I'm not invested but if you want to make a difference, you need to start and rally small shareholders. It's been done before.
You have half a chance of giving this lot a bloody nose
I’m sure they’ll be relying on a lot of smaller shareholders not getting around to vote or forgetting or whatever if they need 75% of only those that actually vote.
Also at the end of the day it’s above where we’ve been the last few months and there will be a fear that a No vote drops it back to 11.50 or something.
Though I wouldn’t be surprised if they’ve suppressed the price with well timed selling on thin volume recently to make this 13.5p look bearable
Definitely a stitch up
No we're not because it will be voted down