The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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Lol, thanks Gregg, definitely not bushy tailed today.
Today, as I understand it.
BushyTailed - But not necessarily ' Bright-eyed'! Just scroll down below for details....
Can someone please remind me when the vote is?
POG broke $2300/Oz! Come on Shanta! Now the vote?
Good Luck All. Hoping Shanta comes down the chimney tonight.
Gold Prices hitting more ALL TIME highs at $2298 per ounce today!! Wow!
This means Shanta are simply printing gobs more cash here. Gold price is materially higher than when the management goons launched their heist buyout.
Gold is now over $300 higher than when they bid for it!!!
The MM’s are clearly holding shares back here as the gold price clearly means Shanta is worth materially higher here wrt NPV, IRR & massive profitability. Share price should be over 20p here at these gold price levels AT LEAST!!!
Scheme vote 1.00pm, AGM vote 1.15pm. I would imagine an RNS pretty quick after that as is price sensitive information. But perhaps they will only do at end of day to allow for admin procedures.
Also gold breaking $2300 potentially, what a steal if it goes through
What time is the vote announced tomorrow. And if we do lose can we sell our shares still on the same day?
He could have lost us the vote though. Judas.
He did say he would take 15p as a last resort. I don't blame him selling down.Too much uncertainty.
*searches around*
Oh! There he is! Over on the I3 Energy board telling them;
"I've sold down all but 1.5m shares in SHG and managed to build back up 3.5m shares here, but wanted to get at least 6m as I thought we'd jump with some news"
After telling all of us to HOLD and VOTE NO.
*siiiiiiiiiiiiiiiiiiiigh*
This RNS is significant by it's omissions? Whether it is legal or not who can say? But it is obvious that it has a purpose which looks sinister.
Https://decagonam.com
Moved up to 2.77% on 19 March, now at 3.85%:-
https://www.londonstockexchange.com/news-article/market-news/form-8-3-shanta-gold-ltd/16405769
Paint it as bad and as difficult as you can... It hasn't put off Decagon, whoever they are!
I suppose a less scrupulous BOD would be tempted to downplay any reporting of mines resource, if so that may dissuade potential bids off third parties and so allow buy out at suppressed value,
So if the vote goes ahead not a problem SHG bought on the cheap, if it does vote does not, or is not ratified then the above could be a back-stop position to put off other potential suitors?
I hold a small position in Shanta with no votes attached and await to see the outcome. If the institutions voted against then I assume they will buy more shares and if it goes ahead there is a 4.5% to bag in just a few months which equals best bank rate for that time period.
Tony
Clearly the adjacent (Helios) reserves have for a decade or more been seen as being processed at New Luika. This gives at least a 5 year extension before further exploration. Shanta will or perhaps have done a deal already. So much upside!
The cash issues finishing Singida limited drilling this year and keep share price in check, allowing this opportunity for founders to steal from shareholders
Unless I am mistaken, the reserve grades of ore have dropped significantly from last year. I recall it being 2.97g/t very close to 3g/t. Now down 2.7-2.88 g/t. At 2.4g/t Luika needs a new ball mill and kit to deliver more ore and production goes down to say 56k ounces. They are signalling Luika is an old complex probably with 6 years mine life. Strong message to institutional holders to agree a deal. Kenya assets still do not have a mining licence granted and they will want to deal with a private company is the hint on that recent approval. Gold likely to have hit a spring time peak and may go on a retreat. All the best Tony
Wouldn't surprise me if they've won. The first bid was low ball and a number of funds jumped in knowing full well they could swing the vote. They've made their 10% quick flip and are probably now on side to allow the vote to succeed. What you you take, a guaranteed 10% (or whatever it was) or risk of bid failing, SP dropping and hoping another offer comes through (which so far it hasn't). Any suitor will need government approvals so i cant see any white knight saving the day here sadly.
Today’s statement is as close to the wind as they can go, saying enough, being factually correct without being too positive but seen to be reasonable.
it’s a reasonable update determined by the board and legally spot on no doubt with regulator and their broker. as someone else said, all about the vote which they will know the result of
Where's the missing 60koz Eric? Stockpile at Singuida no longer included this year? NLGM's lost reserves?
Wh
Yep maybe they have lost. Let's hope so.