The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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The speed a which both the Kenyan and Tanzanian authorities have given permission for the takeover is mighty impressive.
Given that African governments have a reputation for sloth and indifference I'm wondering what incentives were put in place for such a speedy response....?
Move on and buy Celedonia or Cerrado or other cheap stocks .. no need to cry like little childs ... unbelievable behaviour here at this message board .. unbelieveable ... there was an offer ..80% voted FOR , 20% against .. its completeley OK ... even without a PRO - recommendation from BoD this deal would be a done deal
''Whose job it is to protect us from CEO/CFO shenanigans''.
I always thought that it was 'The Regulator', but then we all know how utterly f8ing useless they are!!!! 😡🤬😡
The BOD are all crooks.
Not one of the BOD stood up for the private shareholders including the Independent directors.
Whose job it is to protect us from CEO/CFO shenanigans.
Remember when the CFO/CFO father Sold...that should have been a warning...but good to see the Patel class colluding with the Western Financial class to continue enriching themselves at the expense of others.
The lesson is...get out when the going is good because ultimately, if the going is real, you will be shafted by the `big boys' in collusion...
Why are you surprised?
No wonder the London Stock Exchange is struggling if this sort of behaviour is considered acceptable.Its put me right off AIM.Its not investing it’s gambling,with us the private investors the punters and II’s the casinos.
Https://x.com/itsrichhoblyn/status/1776554905865511256?t=RueE6dkW_uF0WRfXSs5Y0w&s=08
Journalists need to be all over this and Bidstack. There is a huge story here around corrupt market places/managements & advisors.
AIM is a cesspool of theft last few years and institutional money is always allied against small shareholders too WRT inside information, bizarre anti shareholder value voting & retail stitchups.
I did see that some platforms charged for the service but I had no idea that the cost to HL clients was £7,500 pa. Clearly, they don’t want anyone doing this.
The good news is that, according to the link within my post, some stock brokers do this for free as part of their service.
I am definitely going to make further enquiries and will report back.
Very good point for the future however
HL charges £7500 a year for Crest account
https://www.hl.co.uk/security-centre/Central-Securities-Depository-Regulation
Very good point for the future however
HL charges £7500 a year for Crest account
Remember the VAT?
Join the dots in context with my earlier muse.......
https://www.kitco.com/news/article/2024-04-05/zimbabwe-introduces-new-gold-backed-currency
".....I said that if patel's didn't take SHG private now....they won't be able to afford to do it in the future:-
HUI/Gold.....0.09 region was reached in early 2016, a sharp miner reversal ensued to begin the mean reversion in gold stocks which saw many juniors move up 3x-5x within 6-months.
In 6 months time they may have to be offering 60p per share?????????"
When I saw the RNS with the results yesterday, I was curious as to why they had set out the number of people voting (in person or by proxy) at the court meeting. For those of you who haven’t seen it, there were
84 For and
37 Against
Well after doing some digging on the internet, I found out the reason. They needed a double major as set out below
A simple majority of the persons voting and a
75% majority by number of shares voted
What this means is that if another 47 ‘No’ voters had voted, even if they only had 1 share each, Patel would have lost.
I know what you are thinking. There are hundreds of us so how did it get through and, why were only 37 ‘No’ voters recorded? The problem is that the vast majority of us hold shares in nominee accounts. For example, A J Bell, is the legal owner of all of the Shanta shares held on its platforms. A J Bell may have hundreds or thousands of Shanta shareholders on its platform but A J Bell is just one voter!
This will shock you but, all we had to do was open Personal Crest Accounts (available through certain stockbrokers – see www.sharesoc.org/investor-academy/advanced-topics/personal-crest-accounts/ ), buy one or more Shanta shares each, through the personal account, and we would each have got a vote. Accordingly, we could have easily overwhelmed them with our numbers.
I cannot express how sick I feel by not picking up on this earlier.
Still, if we ever find ourselves in a similar position again, we will know what to do. This will certainly stop any new stitch-ups so, some good has come of this after all.
Now $2,328 and rising.
Michael Oliver could be proved right - $2,600 and maybe even higher.
We were robbed.
Thanks for your comments.
Which broker diod you use to buy Montage?
+ i bought some Calibre Mining + some Caledonia mining from the Shanta-gains
Take a look at Montage Gold.. something big happens there ... extremely good management EX-Endeavour, Ex Red Back mining, Lundin Gold ... they will build the next Endeavour Mining ... its like the early days of EDV
......I said that if patel's didn't take SHG private now....they won't be able to afford to do it in the future:-
HUI/Gold.....0.09 region was reached in early 2016, a sharp miner reversal ensued to begin the mean reversion in gold stocks which saw many juniors move up 3x-5x within 6-months.
In 6 months time they may have to be offering 60p per share?????????
Would be nice if we could raise a little 'hue and cry' during the approval process. It would be in the interest of all AIM participants, not just us.
Well, I'm out. From the RNS's there was no way that the votes could have been as stated without behind he scenes deals. Maybe it is a good thing to have happened, would I have been happy with such a bunch running the Co.? I think not.
I have moved on and invested inEndeavour Mining. Wyh? Directors buying in with their own money and a low AISCof below a 1000.
Your call.