The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Come on guys, this level of suspense is cheaper than a day at the casino. Currently in italy eating good seafood and sipping wine in anticipation of the vote. Buckle up
I think it was Huw Edwards..
Who coined the phrase "No news is good news"? What an idiot.
I'm finding the lack of trades very suspicious.
I suspect a failed bid RNS will take a few drafts to try and paint a positive picture of the board. No doubt a successful bid RNS was already written ready to go.
Yes Noel π
By "the vote was lost" - I meant the takeover had failed so SHG could now rise to reflect its true value (20p IMHO) considering the new gold price.
Just recorded
Bid has ticked up to 14.20 post 1pm v the 14.15 of the last 2 days
Good point about dealing BT, I was typing at the same time as you - I was writing -
I'm surprised that no trades went through after the vote. If people at the meeting heard that the vote was lost, they would have been buying. Could the lack of buying indicate that the deal was approved?
If they had lost I would expect sell volume to increase as people would take a discount just so they could get back in the market elsewhere. If they lose the vote then the money is going to go to work where it is, IE no sell pressure no volume and the BID then only has one way to go β¬οΈ
We'll see soon enough π
Alternatively they've lost and are figuring out what to do now! Either way they need to get out the RNS. It's ever so slightly price sensitive...!
Reported trades have dried up so I suspect they are glugging champagne and will get round to telling us when they can be bothered
Hope the result on Thursday is good for you all , small holding myself
Exactly how I see it, if the bid goes though then I get my money back if it doesn't this is off to the races, I see 21p minimum just to catch up with other debt free producing peers such as SRB or RSG.
This is absolutely kicking off cash ATM, so much so that 18 months worth of AISC margin covers the TO price. Insanely derisory offer and the BOD should stand down if and when it fails, given their strong recommendation for the offer. Either they're part of the low balling scheme to mug shareholders off, or they're clueless. Either way they've proven that they are not fit and proper custodians of the assets.
There is a counter view & strong positives too if the bid/heist fails. I.E.
(1) Gold price is up $300 since this heist was launched. Itβs been held down throughout this meteoric rise & brakes will finally be off after the results are clear.
(2) Shanta is in heavy profits & massively more cash flowing now that needs to be reflected quickly to catch up on this lost time.
(3) A washout of the board & management goons will be welcomed by the markets given it is clear they have mismanaged Shanta for years now (maybe just so they could extract shareholder funds to pay for mine development & Kenya & bad hedging, under reporting resources & drilling etc etc) so they could run it down & buy it out on the cheap. With a more honest & aligned management team finally incoming the market can finally revalue Shanta to reflect its huge unrecognised real asset value & massively improved cash flows & profits. (See original analyst valuations etc).
(4) Other producers are up very substantially compared to Shanta & this will catchup when the markets release it.
(5) The big excess cash they now have will quickly grow Kenya resources & mine life which will again massively boost valuation & perception.
(6) Excess cash can boost the dividends meaningfully now all its mines are producing heavily & years of past investments now pay back handsomely.
(7). Gold price trajectory looks strong & its continuation has already completely destroyed any logic to this miserly low ball buyout heist.
Etc etc. i.e. A No unlocks LOTS of upsides too.
Just added another 3k's worth...come on Shuggers vote no for me. ππ
Lol, thanks Gregg, definitely not bushy tailed today.
Today, as I understand it.
BushyTailed - But not necessarily ' Bright-eyed'! Just scroll down below for details....
Can someone please remind me when the vote is?
POG broke $2300/Oz! Come on Shanta! Now the vote?
Good Luck All. Hoping Shanta comes down the chimney tonight.
Gold Prices hitting more ALL TIME highs at $2298 per ounce today!! Wow!
This means Shanta are simply printing gobs more cash here. Gold price is materially higher than when the management goons launched their heist buyout.
Gold is now over $300 higher than when they bid for it!!!
The MMβs are clearly holding shares back here as the gold price clearly means Shanta is worth materially higher here wrt NPV, IRR & massive profitability. Share price should be over 20p here at these gold price levels AT LEAST!!!
Scheme vote 1.00pm, AGM vote 1.15pm. I would imagine an RNS pretty quick after that as is price sensitive information. But perhaps they will only do at end of day to allow for admin procedures.