We would love to hear your thoughts about our site and services, please take our survey 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.
And now all are happy we received this offer ..POG is crashing at fast pace and we are safe ... i will take my money here + in June/July and buy cheap miners ... 20-30% cheaper as they trade today
19/3/24 Take over Offer in 14.85p
Not moved much over the month 14.75p today the highest.
Thieves........
Good news deliberately held back.
I'm still holding on.........just in case.
11 mill trade,just there
7 mill earlier
Just in case anyone still needed further evidence that Share Holders have been well and truly shafted eh!?!?!?!
Royally robbed and still they want to stick the knife in and rub salt into the wound!!
Just hoping that Karma now visits all members of the BOD in ''boat loads'' (thieving f8ckers!!!! ๐ก๐ก)
(Still I can't complain personally as having already sold up prior to the 'vote' results and chucked it all into SAR, I've almost doubled my investment in under two weeks, and with so much more upside to come (IMHO!) ๐๐)
''and the Court sanctioning the Scheme at the Court Hearing."
The only saving grace would be if they take note of the blatant corruption surrounding this complete sh8tshow and refuse to sanction it?!
(More chance of the Tories winning a landslide victory at the next General Election unfortunately!!! ๐)
Https://www.londonstockexchange.com/news-article/SHG/regulatory-approvals-update/16425723
"Shanta is now pleased to announce that Shanta and Bidco have received unconditional approval of the Acquisition from the Tanzanian Mining Commission."
"Completion of the Acquisition remains subject to the satisfaction or, if applicable, waiver of the Conditions set out in the Scheme Document including, inter alia, the receipt of regulatory approval from the Cabinet Secretary for Mining, Blue Economy and Maritime Affairs in Kenya and the Court sanctioning the Scheme at the Court Hearing."
The problem now of course for this company and its spokespersons, is that can anybody believe a word they say?
I think not.
Look at those 3 big buys today. They have serious faith that it's not going through. (Says unknown but looks like buys to me).
SparkyA1 ------
Thanks for the reply.
I can see why it is possible still to trade because the Scheme Court date has not yet been set ,but my point was why would anyone bother to do so as it doesn't seem worth the bother to me given the tiny amounts being bought.
I also have doubts as to this going through, with all the problems that these shysters have caused with their shenanigans and the voting shambles to boot.
Hi, See my earlier question (Buying) and the reply which covers your question also. Are some having doubts about this going through?
Can someone please explain the reason for the tiny trading ( buys ) today, mostly less than 100 shares bought.
I can see why people may be selling ( fed up waiting for their money and now divi assured) but why would anyone be buying.
I believe this is Broadridge in the US.
My personal experiences dealing with them over my late motherโs holdings were a nightmare; it does not surprise me that the handling of this was shambolic and it should be looked into.
Of course it may be that only HL used them, so perhaps not materially altering the outcome, but it would be worth the Panel establishing how many HL votes against the Scheme were actually registered compared with the polling on here (although that number is not reliable either).
It's just yet more miscommunication/ erroneous information. I find it quite appalling.
I have asked HL for further information;
Who is conducting the investigation they mentioned. Is it just an internal HL probe, an outside party or regulatory body?
I have also asked just who is their "proxy voting provider" that gave them the wrong information ?
I forwarded the original HL message to the Takeover Panel and they contacted me about it. Interesting now to note that HL are backtracking. Perhaps the HL employee that made the claim that it came from Shanta Gold made an error.
Seriously, this just goes from bad to worse! I have just received this message from HL, further to the one received earlier on...
Dear .....
I am writing to highlight an error with part of the communication you were sent on 11/04/2024.
In that correspondence, we wrote: โWe had written confirmation from Shanta Gold that votes would not be carried overโ. This was incorrect. Shanta Gold have at no point issued any communication to HL stating previous votes would be cancelled.
This miscommunication from HL was caused by information provided, in error, by our proxy voting provider, not Shanta Gold themselves.
To clarify the situation, any votes that have been placed by clients since the online voting facility was made available on 26/01/2024 will be retained and submitted.
Kind regards,
Corporate Actions
Chimpus/MattyBoy1965
Will do the same for Interactive Investor.
Chimpus
Just forwarded a copy of your HL response to my contact at the Takeover Panel with a request to forward it on to the relevant body that should be looking into this further (as I thought that coming from them might garner more attention than from us humble PIs?)
Don't know if it will be actioned/make any difference but was worth an email I think!?
Following the outcome of the last vote, I wrote to HL regarding my concerns over the poor communication and misdirection from Shanta over the whole process. This is their response below:
Dear ......
Thank you for your message regarding Shanta Gold.
We can confirm that there is an ongoing investigation. We had written confirmation from Shanta Gold that votes would not be carried over so we relayed this to clients very shortly after the initial communication. We were then contacted by Shanta Gold, and we were advised that votes would actually carry over so we also relayed this as quickly as possible to clients.
I believe further confusion arose from there being a secondary meeting open for online voting. We have an in depth investigation into how this all arose, the miscommunication, how we can ensure this sort of situation does not arise again in the future.
We apologise for any inconveniences and confusion caused.
We will be happy to support with any information we are able to provide subject to any restrictions we may have upon us due to the investigation.
Please also accept our apologies for the delay in response.
I hope this has been of assistance. If you have any other questions, please get back to me.
Kindest regards
Corporate Actions
Hargreaves Lansdown
They wanted guarantees for their short term investment by hoovering up the PI/RI shares....and they were told the 15p was guaranteed! WIN/WIN for them and our "Shaggers".........Karma will get 'em ..........we should do a collective voodoo curse......or maybe already we have .....in our thoughts! GLA
At this price, gold is $400 per ounce higher than the average realized price by gold miners in Q4.
Currently in Q2, most of the increased margin is falling right to the miners' bottom lines.
Shanta management have not acted honourably or in shareholders interests & have now stolen our company after years of private funding they are minting it now.
Well done yes voters & lazy institutional investors. You played yourselves & sold a golden goose for a pittance & in doing so shafted shareholders also. lol
Sprott
"For the gold mining sector, we estimate a fully loaded cost (extraction, sustaining Capex and exploration, plus corporate overhead, interest and taxes) of $1,750 per ounce. The gold price averaged $1,943 in 2023, indicating an industry-wide profit margin of $200/oz. Assuming a 2024 average price of $2,072 per ounce (same as Q1 2024), the industry-wide margin would rise approximately 61%."
Current Price
$2,374.04
Today the industry-wide margin would rise approximately 216%!!!!
Like i said before ....they could not have afforded to takes us private beyond NOW!
Thanks for the info.
Any guesses where the share price will go before the end ?