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‼️SCAM SUCCESSFULLY COMPLETED‼️
Leaving us with the dregs....
GLA
Well that's that then....monies before month end! The time for me to sell up my 2011 SHG ave. of 23p would have been months later 1/2/12 for a 16p per share profit......so my mistakes were where I saw the goldprice (then £1,100 ,now £1,888) going and thinking that would be reflected in the SHG price.. ....hey ho....could have been worser!!
7:30am RNS confirmation. How the AIM is allow these crooks to manipulate us little shareholders? Sickening
Shanta Gold Applies for the Cancellation of the Admission to Trading of its Shares on the London Stock Exchange's AIM Market and Expects to Take Place on 13 May 2024
On 20 December 2023, the boards of directors of Shanta Gold Limited (‘Shanta’) and Saturn Resources Ltd. (‘Bidco’), a wholly-owned subsidiary of ETC Holdings (Mauritius) Limited (‘ETC Holdings’), made an announcement pursuant to Rule 2.7 of the Code (the ‘Rule 2.7 Announcement’) that they had reached agreement on the terms and conditions of a recommended cash acquisition, pursuant to which Bidco will acquire the entire issued, and to be issued, share capital of Shanta not already owned by any member of the Bidco Group (the ‘Acquisition’). It is intended that the Acquisition will be implemented by way of a Court-sanctioned scheme of arrangement (the ‘Scheme’) under Part VIII of Companies (Guernsey) Law, 2008, as amended (the ‘Companies Law’). On 19 March 2024, board of directors of Bidco announced that it had reached an agreement with the Independent Shanta Directors on the terms of a recommended increased and final cash offer by Bidco for the entire issued, and to be issued, share capital of Shanta not already owned by any member of the Bidco Group (the ‘Increased and Final Offer’). On 4 April 2024, the board of directors of Shanta announced that at a Court Meeting of Voting Scheme Shareholders and General Meeting of Shanta Shareholders held on the same date as the announcement, the necessary resolutions had been duly passed to implement the recommended Increased and Final Offer. On 24 April 2024, the board of directors of Shanta announced that it intended to seek the Court's sanction of the Scheme on 8 May 2024 (‘Scheme Court Hearing’). Shanta announced that following the Scheme Court Hearing held earlier May 8, 2024, the Court has on May 8, 2024 issued a Court Order sanctioning the Scheme pursuant to which the Acquisition is being implemented. Pursuant to the Court Order the Scheme will become effective on delivery of the Court Order to the Guernsey Registry which is expected to occur on 10 May 2024. Next Steps: Shanta confirms that the Scheme Record Time will be 6.00 p.m. on 9 May 2024. Applications have been made for the suspension of admission to trading in Shanta Shares on the London Stock Exchange's AIM Market (‘AIM’) and such suspension is expected to take effect from 7.30 a.m. (London time) on 10 May 2024. The cancellation of the admission to trading of Shanta Shares on AIM has been applied for and is expected, subject to the Scheme becoming effective, to take place by 7.00 a.m. (London time) on 13 May 2024.
Just got the figures from an ex broker......paid just under 23p a share back in 2011 so for an unlucky 13 years and many thousands of my hard earned taken. They can trot on...hopefully the karma and korma will get 'em....lol.
need a boat bargain now.....but will enjoy it whatever...........I promise!
Thanks guys! All the very best wishes!
How about "SHANTASHAFTS" for your boat.
You could dine out on explaining the meaning to interested fellow sailors.
Best of luck whatever you call it.
I think that perhaps that boat be called "Lack of Dignity" in view of how Shanta's board dealt with this takeover! (With apologies to Deacon Blue) ;)
I plan to pay off some mortgage with my proceeds too.
Enjoy the boat :)
With the SHG compulsory scheme acquisition, I think I'll repay mortgage & buy a wee boat with my proceeds. think I'll call the wee boat SHG or SHG'd.....!!
Some could be hoping there is a movement in share price that will make it worthwhile before trading is suspended.
If anyone bought into Rainbow rare last week when i mentioned it you would be 24% up at this time.
I have taken up another small position in Resolute mining. Another junior that has a positive balance sheet. 46M debt but $81 M in cash and bullion end of March (RNS came out today). They expanded reserves to cover two years of production last year. The company website is well set out. The hedge was closed end of March. All the best Tony and good luck with your investments after 8 May.
Someone is buying shares at 14.75 to take the 0.1 difference? i guess if you buy enough its worth a few quid.
SparkyA1------"I think there will be some surprises along the way."
Hopefully in the upwards direction?
Nice one ripley94
I have just over 2m shares (split between an ISA and Pension), but was fortunate to get in early and have an ave. of only 1.1p in the ISA (but 11p odd in my pension so still underwater over there).
I'm not that great at picking winners but I do truly believe in the risk/reward for GGP (especially at the currently low price)
The only potential problem that I can see personally is that we get royally f8cked over like we just have been here, but I do believe that our CEO Shaun Day has morals and a genuine interest in doing what's best for his SHs (unlike the low life scumbag sacks of sh8t on the Shanta BOD, who don't know the meaning of the word integrity in my opinion! 😡🤬)
Still one can never be sure where big money is at stake, so all we can do for now is wait and see.
GL
There are 3 big buys to-date today which are listed as unknown but at 14.75 are almost certainly buys. I think there will be some surprises along the way.
Hounddog10
Thanks for your view, I will continue to hold.
Harrogate4
I think it is probably the other way around. There is a near certain uplift to 14.85p which will be paid by around the third or fourth week in May. So people are looking to take that gain which when annualised is quite attractive. I see Decagon and Samson have been buying post the final vote.
I cannot recall a court striking down a takeover Scheme so it should be a formality from now. The real uncertainty for the takeover is with the regulatory clearances which have been obtained.
Very small consolation I know, but the 0.15p divi arrived in my HL accounts today.
Houbddog10 -------
Thanks for your reply.
Now that the Court hearing date has been set for 8th May and last day for dealing in SHG is 9th May and the present SP is around 14.75/14.80, I am puzzled as to why there should still be reasonably large ( ish) buys going through, it just does not seem worth it. Or are some folk anticipating that the court will not grant final approval and that the SP would gain a higher level?
Any ideas why?
Took your tip today MattyBoy1965 and topped up GGP.
Hope you are a better AIM casino picker then me lol.
And the last poster I took head of in 2021 with GGP.
It will be in Guernsey. See original,Scheme Document.
Anyone know where this is or is it a secret?
Is it the Royal Court in Guernsey or somewhere else?
Thanks
Not at all pedro61!
GGP at a near historic low from 37p down to 6p (thanks to the Shorters who will eventually have to buy back!) and SAR has a long way to go (and should re-rate to £1 plus upon P1a results due Q2).
(AIMO and do your own research!)
Pedro
As I only hold 4% of my Shanta holding Rainbow Rare earths is currently holding number 1 position in my portfolio. Rare earth sector has been utterly crushed in the winter months and is now on a bit of a rally. Everyone should do their own research of course and we do not know if Trump will support the rare earth sector. China has threatened to cut off the west as rare earths are used in missiles, drones, fighter aircraft and ships etcetera and its not just EVs and windfarms. Tony
It sounds like investors have missed the boat on those 2 shares. SRB just about to set sail,not too late to board ship.