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Hi 1755, don't worry about it at all. Your English is very good. Glad to have you on this board.
Beautiful Barcelona.....lucky man.
Most of us only speak one language so you're well head of the rest of us.
So please don't apologise as your post was completely understandable.
But maybe your valuation of 70 pence is a little too much.
Cheers 🍻
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You're right Noel, I'm not English. I'm from Barcelona, Spain.
I hope this is not going to be a problem.
I confess my self as a gold/silver bug willing to make some money by investing in small cap mines whith hight prospective like Shanta.
And I think this is the right place to be, if you let me stay, and share thoughts and ideas about common interest.
Thanks for correcting me about
I take it that you are not English 1775. I have friends who are also still learning English and I often help them with some of the more obscure points.
The unit is the penny and the plural of penny is pence. So we talk of one penny, but two pence, three pence, four pence, etc. not pences. It can be tricky so I understand your error.
In a bull market gold miner should be valuated a 10xPER.
This means that Shanta should be priced at $ 0.90 or 70 pences, not at 14.85 pences.
Gold futures $2,237Today 12:46
A full years worth of gold sales (105,000 ounces) from today at the current $2,200 gold price brings in roughly $230 million revenue and gross profits of $90 million.
The proposed 14.85p takeover price values the company's ongoing operations at $196m (£156m).
Assuming every fund invested is out for themselves and not acting on behalf of the board, the bid has to fail and the share price rerate higher.
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Absolutely; $ 90 M profit equals 9 cent EPS.
$ 9 cent x 0.79 = 0.711 pences.
That's to say, Pastel wants to by our shares at 2.1 PER.
I refuse Mr Pastel.
Have a nice day.
But what about when Gold reaches $ 2,500??
Profits increasing due to rising gold prices and strong demand. Debt free company
This year should be very good for Shanta and I expect slow and steady rise in share price IF the bid fails.
Been here since I bought at 10p last August. I could sell now and make 45% profit but I want to wait :)
A lot of analysts predict the price of gold to reach $2400 per Troy ounce by the end of 2024. That means even bigger profits for Shanta than the $90 million. Let's face it, gold is going to shine this year
The_shareminator -----
Or put another way, the proper offer should be around 17.5p per share on current values would you agree?
Correct!!!!!!!
A full years worth of gold sales (105,000 ounces) from today at the current $2,200 gold price brings in roughly $230 million revenue and gross profits of $90 million.
The proposed 14.85p takeover price values the company's ongoing operations at $196m (£156m).
Assuming every fund invested is out for themselves and not acting on behalf of the board, the bid has to fail and the share price rerate higher.
I'd be in favour, subject to costs, to investigate the actions of the BOD, not least in connection to the legal charges of this opportunistic action being foisted on we shareholders..
Hi, thanks for Thomas Grace's email. I have sent him the message sent to me by Hargreaves. There may not be anything he can do apart from verify that information with HL but it's important that he knows about it.
And now we wait.
Maybe we can persuade Mog24 to forward that "...secure message from HL stating that it was Shanta that had told them to nullify the previous votes..." to thomas.grace@thetakeoverpanel.org.uk
Posting again, in case Mog24 spots it.
Should the bid fail, with the recent rise in gold price I can't see the SP falling back much, if at all. This whole debacle has been suppressing the price, so perhaps it will go up, rather than fall?
There are also some reports due in the near future, that should show some good results.
What do we think will happen when/if the bid fails? I assume a small temporary fall back in share price but surely should be positive news soon.
Apologies metis20, I had meant to say Mog24!
Hail, Caesar. I pinned many hopes on SHG, knowing Rosterman/Lihranda, Mbeya/Saza, and Singida/Mang'onyi to a lesser extent. Also, recalling junior days wandering Commissioner Street and Chamber of Mines/Chamber of Commerce similar behaviour and treatment would have been quickly exposed. What a heist here.
Au $2210 at moment, immaculate timing for the Patels (I don't think).
Viable - Alea iacta est !
Nigelbonger - Yes, for instance both SRB and HOC are firmer today.
Barry5 has a point in weakness, yeah 0.15p drop is explained through ex-divi but its at 0.20p decrease, while gold has just broken out $2200 again today. upward gold price against a larger decrease compared to dividend payment shows it clearly ahs some weakness there.
Https://www.bullionvault.com/gold-price-chart.do
As a last resort can a fixed and rising bullion price finally scupper the Patel grab? I would like to think an attainable $2250 (or above) finally torpedoes the so-called "final" offer.
MattyBoy - good idea - but that message from SHG was sent to Mog24 - see yesterday 18:02hrs.
Maybe you can persuade Mog24 to forward that "...secure message from HL stating that it was Shanta that had told them to nullify the previous votes..." to thomas.grace@thetakeoverpanel.org.uk
Metis20
Might be worth dropping a copy of that email to:
thomas.grace@thetakeoverpanel.org.uk
He is the very helpful guy I have been dealing with and it might be worth making him aware that the instruction to (incorrectly) nullify the previous votes came DIRECTLY from Shanta themselves!
If that isn't a deliberate attempt to confuse the voting process then I don't know what is, as well as surely being illegal.
(Just wish they'd sent me the same email as I'd have already done it myself!)