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No one will vote "YES" if gold is above 2100 at the time of voting, and we have all the craziness of 2020 again. As I explained earlier, Shanta is an ideal investment with 13.65p price floor and unlimited upside. Do your thinking, people.
On the future for Shanta Gold, Zurrin says the company is now better placed than it has ever been in its history. “Our debt is minimal, we’ve paid US$8 million in dividends since 2021, we have two active mines performing strongly and we have the West Kenya project waiting in the wings,” he states. “We’re currently under-valued by the markets but I think our story is so compelling that a rerating is just a matter of time.”
And City a.m. describe the company as ‘struggling’…
My investment thesis for the last few years has been that gold juniors are cheap compared go gold on a historical basis. I have tried to buy the dips in gdxj over the last few year and now have a large position. I understand that this gap is in part due to cost inflation at mines reducing free cashflow in that time, but also due to the unpopularity of the sector.
The gold price rising to even 2,500 is more when than if and margins will be increased and the sector will gain interest as money is made. I am waiting for a gold price breakout and for a change in the MnA market.
I am disappointed to see Shanta management recommend this 13.5p cash acquisition so early in the MnA cycle for such a small premium. Have they misunderstood their investor clientele?
Are management simply keen for an out? In which case even voting no leaves you with a dilema.
It is no wonder there is no interest in this sector, anyone still smarting from Sirius? Friends and family rounds make money at the start, an institution buys the asset on the cheap at the end and retail investors take the risk in the middle and are rarely rewarded.
Unfortunately, it seems when the market improves, someone other than Shanta investors will make the money!
I doubt the ones buying now would vote yes but the problem is the bulk of the buying will be done by the company buying them out or proxies for them. It's game theory really and if no PIs sold and all voted no, we would all win but the problem is the guys selling from our side and the ones who won't bother to vote especially
Thanks for letting us know Patryk.
At the end of the day after years of waiting we all got shafted by Eric and his team, iv sold 100k today and placed it into PAF, the more I look at it this management was always all over the show, its been years and now this… whatever the outcome with them running Shanta I rather be out…
The trouble is those now buying will vote yes for a quick few percent then move on to another similar one. Rinse and Repeat
85000 shares. NO from me.
20p bare minimum.
that is more than 3% of the company shares. here is the update below. kindly check if they are correct. merry christmas to all. s(h)anta should arrive in the new year :)
lse id shanta holdings
2wheelman & family 878,000
adelaide23 32,700
alanxx 60,000
annie59 120,000
antanarjuato 142,000
bankrupty 128,888
bebold 700,000
bittentwiceshy 45,500
bobslob 50,000
bozonurky 104,000
bubble2021 100,000
cadell 53,000
chappie 110,000
craigb 250,000
****goestheeassal 700,000
cutters8 400,000
cyberaichas & friends 1,334,000
danners456 185,000
dvharrison 1,200,000
e43 470,000
ericmca 700,000
geldautomat 100,000
g-g-g 5,250,000
gino73 111,000
greyingsurfer 100,000
hallsworthy 75,000
harchris 170,000
hope2gain 127,000
horogate4 514,000
hounddog10 1,000,000
hythe1 184,000
jackson41 1,000,000
jefuss888 1,325,000
jockilass 300,000
kadavul & mrs 1,050,000
kipperfoot 469,786
leamielemming 1,750,000
longfell 170,000
lowtrawler 1,549,722
madogmcree 21,500
magoo79 300,000
matyboy1965 39,100
metis20 195,000
mick-b 525,000
mikeha 145,000
mimbrit 250,000
minty77 30,000
newsid 49,473
nigelbonger 240,000
oldmanriver 250,000
patryk221 400,000
publican777 1,500,000
redhill 1,300,000
richsoon 190,000
rogerk 1,000,000
rossannan 202,000
s_o_h 466,000
skotkent 34,000
softrock 210,000
spambrain 45,000
stephengali 100,000
steve0711 177,000
toptiger 180,000
uktrader & mrs 300,000
undercarriage 32,000
unvrkw 655,000
wanaka 50,000
willder 68,000
total 31,962,669
Geldautomat
"No from Nuella in my other group 150,000"
It is not appropriate to include this person without his/her consent.
You're wasting your time and potential money elsewhere m8. You'll gain nothing .Move on. Good advice
Am I right in thinking Approx every 10 mill shares =1% of the company - so currently we have a confirmed 3% no "IF" everyone remembers to actually vote no
Greyingsurfer - 100,000 No
Shame what happened here. Unfortunately it forced me to sell although I had planned to "stick around" a little bit longer. After some recommendations and my own research bought THS. So far happy with that. It just reminds me old rule- you always have to have plan B. Merry Christmas to all SHG holders.
Adelaide- 32700. No vote.
For what it’s worth I emailed Hargreaves, my broker, asking them what is going on with this cash buyout as they are a large share holder and although I didn’t get the answer they did at least reply with this…
Thank you for getting in touch.
I can confirm once Hargreaves Lansdown have received official details regarding your query, we will be sending out communication to our clients.
Unfortunately, at this moment we will not be able to comment on the RNS regarding Shanta Gold.
I see a quick arbitrage opportunity in a few weeks....But my stocks are mostly rising fast at the moment ,and see no chance of this rising in the next few weeks ......so watching and waiting to get back in when the timing is right....
Wanaka 50,000
It’s a no from me - 202,000 shares.
Should we be thinking about what we could do with a Written Resolution? I would imagine that the “No” total will reach the requisite 5% soon enough.
''If not then they are in breach of the rules''
This is AIM! When have you EVER seen any of the so called 'rules' actually enforced!!!??
No from Nuella in my other group 150,000
From the latest RNS at 1:15pm BlackRock, Inc. see the potential of Shanta
Product description - CFD (contract for differences)
How does CFD trading work?
A contract for differences (CFD) is an agreement between an investor and a CFD broker to exchange the difference in the value of a financial product (securities or derivatives) between the time the contract opens and closes. It is an advanced trading strategy that is utilized by experienced traders only.
Increasing long - trade
Long trades involve buying then selling assets to profit from an increase in the asset's price.
sorry ****goestheeasal. i copied from publican. i have corrected it and list it again with later updated.
Lombard Odier are only recent purchases so are out for a quick profit. Now Sustainable Capital appear to be based in Mauritius the same as Export Holdings so i would imagine they are not neutral by any means.
Today close of market RNS.
How does CFD trading work?
A contract for differences (CFD) is an agreement between an investor and a CFD broker to exchange the difference in the value of a financial product (securities or derivatives) between the time the contract opens and closes. It is an advanced trading strategy that is utilized by experienced traders only.
"increasing long trade" means
Long trades involve buying then selling assets to profit from an increase in the asset's price. Short trades involve selling a borrowed security and buying it back at a lower price profit from the decrease in its price.