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It is a little bit difficult to have sympathy for a nation which creates its own problems.
Your zealotic approach to moving to green energy with little or no thought for the consequences nor pitfalls combined with a complete lack of true scientific backing for the move in the first place explain a large chunk of your problems.
Add to the above your unwavering support for NATO’s aggressive expansionary policies followed up with unconscionable sanctions which have caused you to cease to have access to reasonably priced energy sources and the cause of your problems become more & more evident.
I do not like to see people suffer but you reap what you sow, hopefully the hardship the UK population endures will make it consider the consequences of its actions more carefully in the future.
Many other countries including Australia are suffering similar circumstances caused by similar stupidities - it is pleasing to see that a true groundswell against the mindless ideology that is net zero is really taking shape as a result of people having to face the consequences of idiocy.
Yes Mr Tibbs
It was a very long RNS with several appendixes. Superior offer scenario is in black and white and providing it is at 14.85p or higher it constitutes being a superior offer (+10%). The board are market testing the sales price and the real bonus for an acquirer is the West Kenya asset which they have invested around $40M to date which is valued at nothing in that superior offer price.
Stock exchanges in Europe were mostly down in the premarket hours on Thursday, with the downbeat sentiment seemingly following the losses on Wall Street the day before.
Frankfurt's DAX dipped 0.31%. The Euro Stoxx 50 fell 0.45%. The CAC 40 slipped 0.19%. London's FTSE 100 increased 0.30%.
The euro added 0.12% against the dollar, to sell at 1.09451 at 7:56 am CET. The pound sterling was up 0.08% compared to the dollar, trading at 1.26365.
Baha Breaking News (BBN) / AB
Gold + .35% $2036.76
Ofgem are raising our energy bills AGAIN - to "help energy suppliers." That's the same energy suppliers that are raking in billions in profit.
The increase of £16 might not seem like a lot, but for the millions of people counting the pennies, this is simply unaffordable . And honestly, it's just ridiculous that Ofgem is making sure energy companies with massive profits get a bailout, while millions of people are facing difficult choices between heating and eating.
This is about principles. We can’t let Ofgem think they can increase our bills, whenever the energy companies pressure them to do so.
https://act.38degrees.org.uk/act/cancel-the-price-hike
Bustahog,
I doubt there there is any likelihood of your past posts ever being copied and pasted, now that would be a pointless exercise!
Hi Tornado, so from your research information then this may not be a A fait accompli?
Tibbs
News
Shanta Gold accepts GBP140 million takeover offer from ETC Holdings
(Alliance News) - Shanta Gold Ltd on Wednesday said its board has agreed to an all-cash takeover ...
Alliance News
20 December, 2023 | 1:40PM
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(Alliance News) - Shanta Gold Ltd on Wednesday said its board has agreed to an all-cash takeover offer from industrial conglomerate ETG that values East Africa-focused gold producer at just above GBP140 million.
Saturn Resources Ltd, a wholly-owned subsidiary of ETC Holdings (Mauritius) Ltd, offered 13.5 pence per Shanta share in cash, valuing all its equity at GBP142.0 million. Shanta shareholders also will receive an interim dividend of up to 0.15p to be declared by the Shanta board and paid prior to the takeover.
Shanta shares were up 2.4% at 12.95p on Wednesday afternoon in London. The stock is up 41% over the past year.
ETC Holdings is an investing company that is the controlling shareholder of ETC Group. The industrial conglomerate, which trades as ETG, operates in agricultural commodities, metal and energy. It also encompasses agricultural inputs and logistics, as well as other businesses.
ETG is controlled by Ketan Patel, Birju Patel and Mahesh Patel, with Ketan Patel already a member of the Shanta board.
The offer for Shanta has been accepted by its first and second largest shareholder, with 8.7% and 8.6% voting rights each, as well as by Shanta directors representing another 1.9%. It has 19.2% acceptances for the offer in total so far.
"As a shareholder in Shanta, we remain supportive of management and their strategy," Ketan Patel said. "However, we believe that Shanta's share price may inhibit Shanta's ability to deliver on its strategy and potential to maximise future shareholder returns."
Patel added: "As part of ETC Holdings, Shanta will benefit from the experience and connections of ETC Holdings and ETG in East Africa and as a result, have additional support during the currently heightened levels of macro-instability."
By Tom Waite, Alliance News editor
Maybe that applies to you also , who wants to listen to copy and paste crap .
Mr Tibbs the more I have looked deeper into Shanta, I realise that the entire process is cancelled if a higher offer above 10% of what was proposed and the superior bid is taken. It is the first step in trying to sell the company. If Centamin wanted several million ounces of gold, they could bid $155M to get it and that delivers a brand new mine that cost $45M to build. Shanta would add 90,000 to 100,000 more ounces per year for the next 4 years at least which equates to 10 months of existing production. $400 an ounce profit would earn back the $155M but they will have all subsequent years as profit and the entire West Kenyan resource asset with grades above 5g/tonne for 3M ounces. Lot better metrics then Doropo.
Fair comments Dasut .
Hi Somnamna,
You are quite right about the lack of information available or action by Centamin@s new PR company although to be fair to them this is why they were appointed and to be fair they are working to the company brief which has decided that silence between quarterly updates is how they want to play it.
I wrote to Centamin asking for the rationale behind the decision to change to FTI from Buchanan. the latter whom had a much better understanding of Sukari, gold mining and the historic events of Centamin's Egyptian operation, I received no reply!
Disappointing to say the least, but not surprising , however after making further enquiries I am pretty sure that the new management felt that Buchanan knew too much about the past and were too willing to answer shareholders questions as honestly as they were able whilst complying with company policy and market regulations.
Make of my statement as you will , but my opinion is based on the facts available to me , not fiction fiction which unfortunately has all too often been the case with Centamin in the past !
I find it interesting that expectations are for Sukari to produce over 500,000 ounces per annum. As far as I am aware the early LOM plan was always 450 to 500,000 ounces pa.
I do appreciate over 500 thousand has been achieved but this came at a cost and by creating short cuts and the need to throw money at correcting errors.
OK I appreciate the proof is still to be delivered and as I have already said this quarter is crucial but it does now look as though we are back to a structured mine with a number of faces open to ore.
GLA
Nunquam I guess it is mainly the GP but also bubbling under is the fact that extensive investment in the open pit and underground is starting to make itself felt. Look at the increase in resources, they've been growing faster than they can get the gold out of the ground for the last three years. Also base efficiencies such as tonnes hauled per truck are all on the up and costs heading in the right direction at last. Your 105 is in the bank as far as I'm concerned. I hope to see a run up past 110 on Q4 results if the GP holds and may take a little profit if that happens but CEY is still a LTH for me..
I am sure I am not alone in understanding their frustrations because they have been fed baloney by the Shanta management, unfortunately this deliberate deception of shareholders, or the glossing over of cracks in company strategy seems to be all too common practice by far too many mining company boards!
I feel Van Eck are still selling.
Best wishes to Mr T and the other LTHolders from a damp and windy Gloucestershire. At 105p I would be back in profit : ) .
I presume most of the recent rise is due to the rise in the price of gold. I plan to hold for another year or two.
Mr tibbs
Lot of frustration on Shanta Board with the company selling itself on the cheap. Certainly hope it does not happen here on a takeover or management buy out. Tony
Some on this board were decent enough to believe in the management were acting responsibly and professionally , that is running Sukari and the other operations with the appropriate due diligence and good mining practice, further more and of equal importance being open and honest with the shareholders who gave the management the benefit of the doubt when there were problems over the years, but unfortunately the previous management instead of changing their ways continued to have the shareholders leg up!
All we have at present is a share price and dividends that have been halved for over three years so I an justified to continue to remind everyone that all we have at the present is promises, not delivery of those promises, those being substantially reduced AISC with increased share price and dividend achieved by sustainable guidance.
When this is achieved then then I will give the appropriate recognition, until then I shall continue with my reminders which you can ignore, or of course choose to frequent another forum!
This is an absolute crock, the true cost of living and taxation continues to rise,
This figure must be regarded with suspicion because it is open to government manipulation which is why the Tories retrospectively changed the terms and conditions of public service/state pensions contracts from RPI to CPI.
For instance, the CPI basket this morning included furniture and "Cake" hardly an essential and also bad for general health and teeth! but this gives then the opportunity to disregard the true cost of living to the majority of the UK population!
Over a decade of government continued worsening to the NHS dental contracts until they became unviable or workable despite paying national insurance the vast majority of the UK population are facing a considerable extra expense of funding their families’ dental treatments, or putting up with bad teeth and all the other associated problems!
I don't see any reduction in National Insurance contributions and yet the list of procedures withdrawn from the original NHS charter or no longer unavailable on the NHS continues to rise meaning the private health insurance and private hospital charges have risen out of all proportion because they know they have the public over a barrel and yet the government tries to blame it on the health professionals after over a decade of Tory austerity cuts!
Looking at the spot price of oil a litre of unleaded should be around £1.07, diesel around £1.12 don’t see any supermarkets charging these pieces and the government is getting more duty!
Ofgem despite allowing standard charges to double is raising the energy price cap in January and yet wholesale gas prices dropping, so why the increase, it’s to subsidise the energy companies from going bust, the chair of national grid just got £6 million bonus, despite one day of snow meaning Cumbria lost its power!
Don’t see broadband or mobile charges in the CPI yet these are rising every year by the rate of inflation plus 3.7%!
The cost of all Insurance continues to rise at well above inflation, so does amount the government receives from the Tory introduced 12 % insurance premium tax!
In the past, RPI was used for the increase of many prices and benefits – so as well as increases to the train fares for example, it was also used for working out the interest earned on National Savings index linked certificates and the State Pension.
But once the CPI was introduced this changed in a number of cases. While train fare price rises are still pegged to RPI (although the latest increase was capped in the face of the rise in the cost of living crisis), Index Linked Certificates are now linked to the lower CPI. So too is the State Pension, as part of the triple lock guarantee; in the past it was RPI.
https://savingschampion.co.uk/news/savings-news/what-is-the-difference-between-cpi-and-rpi-and-why-does-it-matter
https://www.alanboswell.com/news/rpi-vs-
3.9%.
The cost of raw materials dropped by 2.6%, transport costs tumbled by 1.4% and goods leaving factories fell by 0.2%.
These figures are still just under double the 2% inflation target aimed for by policymakers at the Bank of England.
Another key metric of inflation, which does not track items susceptible to sharp rises and falls, such as food and energy, also fell.
The latest data means the UK has been brought in line with similar-sized G7 economies and has the same inflation rate as France and higher rates than Germany and the United States.
Agree Razor.
If CEY was run by some on this board, there wouldn’t be a board for them to constantly whinge and whine on, as CEY would have gone bust a while ago.
European stock exchanges traded higher during the premarket hours on Wednesday in anticipation of the latest reading on inflation in the United Kingdom, which is set for release before the opening bell.
Investors will also follow the new data on producer inflation in Britain and Germany, as well as the January report on consumer confidence in Germany.
At 8:00 am CET, London's FTSE 100 rose 0.64%. The Euro Stoxx 50 gained 0.12%. Frankfurt's DAX added 0.12% a minute later, and the CAC 40 went up by 0.24%. The euro dipped 0.17% against the dollar, changing hands at 1.09588 at 7:58 am CET. The pound sterling lost 0.09% compared to the greenback, to sell at 1.27123.
Baha Breaking News (BBN) / AB
Gold currently $2041.45
*⃣𝙏𝙤𝙥 𝙩𝙞𝙥: When you live 40 miles away from your car dealership don’t let them book you in for a service at 9am the Wednesday b4 Christmas!
🏁🏎️ 𝙇𝙖𝙩𝙚𝙧… 😬
🅷🅰🅿🅿🆈 🅷🆄🅼🅿 🆈’🅰🅻
When cey again becomes a 500k plus gold producer with $300m in cash then the share price will return to the 2.00 territory, propelled by no other means.
Scraped
Well said Market, but you forgot to mention the inept marketing of CEY and absent communications team.
Plenty of good news, e.g. EDX, court case won, positive reserves increase etc, so why are CEY communications not shouting it from the roof tops.
To help change the view that CEY is a troubld prone sub 500k gold producer that delivers albeit scraping through at bottom end of range.
I believe CEY workers are doing a good job but that the management team need to step up and do more to change the image of CEY and hence the SP.
If it was an end of term school report CEY management are scaping by with a B minus, needs to improve.
Recovered a little from old age
possibly some good news after 11 years waiting for the court case --the bump I was looking for back then. Watched the share price move to £2 came back of holiday and shafted back then cant remember the date . This share will dissapoint again at year end .Its a line your pocket director share. if some on this board were running the company there is a fair chance we could not do any worsre, with the exeption on a few idiots like 999. Best wishes to my old pals for xmas and the new year.