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Shandong no offer RNS was on 14th November, but Yintai bowed out on the 2nd November, so only 1 week for them.
Just 3 weeks left before all those involved in last years Shanta buyout can bid again. Market rules prohibits a bid from previous bidders for full 6 months. That ended on 14th November 2022. So just 3 weeks to go before 'open season' again.
barry7376, you have been posting bearish comments on SHG since October and sub 9.0 price. :)
It is ok if both SHG and HUM go up you know. It doesn't have to be one or the other.
6% up 13.50 and 14 on The ask
No evidence of La Mancha Fund buying - typical ramping on these boards. Keep to facts. Just mentioned that it supported the company that the NED is President of. Like mentioned below, sp is still crap at 13p as too much selling going on, 13p are all sells as buys were at 13.30p. TR1 coming that canaccord selling along with Myles McNulty. Anyone seen HUM gold miner sp up 10% today and up 100% last 3 weeks.
Fund buying heavily - never ignore price and volume
To me, it makes sense to front-run the predator and increase position at 13.50. The price can double in a few weeks.
Fund incoming
Getting 13.22 for 150,000 to sell ! La M are buying heavily
If it was La Mancha buying at 13, then the share price will go much higher before the offer is made. They'll try to increase their stake.
Tick up now lol.
AIM.why do they even pretend it’s a market
MD
Yeah 30 p takeover instead of 40p
Obvious Eric pushed and new fund taking control
Looks like new owners and their own management to me.
The SP given the volume stinks, whatever way you want to cut it.
The likes of Oddey, etc. won't be pushed about, they will get their return, but it won't be what we are hoping for from a great little company...sadly.
With the gold price at say US$1,950.....Operating costs of US$1,140 ish and AISC of US$1,400 ish all/oz.
To be fair if we are due to produce the magic 100k oz. whatever way you float it there is no reason that the debt could not be totally repaid in a year or so...if that were the focus.......
with a revenue of perhaps approaching $US200m p.a. and then debt free....if we did survive being bought out? we would be due some decent dividend income from the US70m p.a. profit (rough calcultion).
But then there is WK and will this be developed or sold off by our predator....to keep our operating mines as a cash cow for the new owners??? Food for thought?
It's all about ounces as we move forward now in the future....I have said this before and likely will again!
GLA
13p are buys ! Do a dummy trade
Excellent
Massive selling. 13p won't hold.
Another 1.4 trade - I expect tr1 from fund
"I am pleased to report a strong start to 2023, with first gold pour at our new Singida Gold Mine taking place on the 30th of March. As a result, Shanta is now a 100,000 ounce per year gold producer with a diversified resource base, a de-risked balance sheet, and significantly more financial flexibility...
All we need too know lads and lasses !
13 13.01 is the spread! Very very tight
New fund obviously moving in
Yes, some sizeable volume. I wonder if that's Eric offloading his stock now as he's leaving and update today allows him to sell.
Looks like new management and potentially new owners moving in.
Always the case these days... just when a company starts to look like its making money again (eg 100koz) someone swoops in and takes it off the shelf.
Barry you obviously have no experience with trading or investments at all. Go to school and learn something before commenting a lot of nonsense
Large selling volume last week and today with little to no buying, looks like 13p is the get out level before the sp drops back to 10-11p. 4m sell just got printed, 7m sells so far today and no buys at all!. Could be an iceberg sell order by Canccord. Either way no one is buying by the look of the prints, otherwise if it were disguised buys the sp woud be 15p. Many investors have probably hedged their bets and taken profits at 13p whilst still ramping it on here. CFO left in March and now CEO leaving...doesnt look good.