The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen 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.
Number of Voting Scheme Shareholders who voted: 84 For, only 37 Against. Aren't there more than 37 of us on here alone? (I accept that not everyone may have voted against in the end.)
I guess to many the result of the "vote" no surprise, case of BOD "if at first you don't succeed et al" I'm therefore out and wont wait for "D" day, monies from here straight into Serabi Share Chat (SRB) as they seem to be a better, more ethical choice for my money
DYOR, its been a heck of a ride here, but reflecting I'm not sure I enjoyed being taken for that ride mind!!
There has clear.y been something bubbling underneath all this which has forced some of the bigger long term investors, who are in the know, to sell. Very difficult to know what but likely connected to Tanz government.
You need 75% of votes voted for the meeting to pass. The 72% is the amount of issued capital that have voted.
I thouth they needed 75 percent of all shareholders voting for, yet under 72 percent cast their vote, i wonder how many lost votes there were after the shambles on revoting
Oh well we have tried. Topped up my SRB THX EDV and bought new positions in PTAL, FRES and HOC. its a shame but theres many more out there. Good luck all its been a pleasure
"invest" is the wrong word ... its more like "gambling"
Like expected ..wonderful ... now hopefully a correction of the POG happens soon ... i will buy some other cheap miners like Calibre , Dundee Precious Metals and some explorers like Newcore, Tri-Star Gold from the gains ....
The next stage is the court hearing. No date is yet set for that as preconditions have to be met (these are set out in the Scheme Document). Some are procedural and easily in the grasp of Saturn. However, the important ones are regulatory clearances from Kenya and Tanzania. They have Kenya and I am sure Tanzania is well advanced. Once they have Tanzania (and any other preconditions) sorted they will ask the Court for a date for the hearing. The Court hearing will likely be only a day. On the third day after the Court approves the Scheme the shares are removed from AiM trading. The takeover proceeds to shareholders are paid 14 days after the Court hearing.
It is difficult to know when the Court hearing will happen, as dependent on the Tanzanian authorities, but I would guess no later than mid May (and quite probably a good deal earlier).
It is largely procedural now. It is possible that the takeover could fail on a precondition, but rather unlikely. Until taken off AiM the shares can be traded, They will now largely trade on the time value of money discounted for some risk.
well that's me completely out, not all interested in locking my cash away for a ****e divi plus a 0.30% premium.
The whole thing really stinks and I'll never invest a penny again if Eric is involved
They should but they won't shareminator, they'll be laughing all the way to the bank!! 😡
The corruption of AIM at it's 'finest'!! 😡🤬😡
The RNS sets out the timetable - subject to obtaining all the clearances from Tanzanian authorities.
Shafted
Will they pay us 14.85p per share and when?
They have forced it through no doubt by promising special favours and backhanders. The whole Board of Shanta hang your heads in shame!
''· the requisite majorities of Voting Scheme Shareholders voted in favour of the resolution to approve the Scheme at the Court Meeting; and
· the requisite majority of Shanta Shareholders voted to pass the Resolution at the General Meeting to approve the implementation of the Scheme''.
F8cking robbed or what!!??!!!? 😡😡🤬
Shafted.
83.52% For, 16.48% Against
Can not buy any more just tried.
It's gone through!!!
Noel what are you in hoc or fres or both?
There is speculation on the ADVFn board that the only explanation for no news is that the meeting hasn't happened. Just saying what they said.
When was the meeting BST?
They have until 8am the following day of the meeting to release the results as specified in the takeover code.