George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video 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.
There are 3 big buys to-date today which are listed as unknown but at 14.75 are almost certainly buys. I think there will be some surprises along the way.
Hounddog10
Thanks for your view, I will continue to hold.
Harrogate4
I think it is probably the other way around. There is a near certain uplift to 14.85p which will be paid by around the third or fourth week in May. So people are looking to take that gain which when annualised is quite attractive. I see Decagon and Samson have been buying post the final vote.
I cannot recall a court striking down a takeover Scheme so it should be a formality from now. The real uncertainty for the takeover is with the regulatory clearances which have been obtained.
Very small consolation I know, but the 0.15p divi arrived in my HL accounts today.
Houbddog10 -------
Thanks for your reply.
Now that the Court hearing date has been set for 8th May and last day for dealing in SHG is 9th May and the present SP is around 14.75/14.80, I am puzzled as to why there should still be reasonably large ( ish) buys going through, it just does not seem worth it. Or are some folk anticipating that the court will not grant final approval and that the SP would gain a higher level?
Any ideas why?
Took your tip today MattyBoy1965 and topped up GGP.
Hope you are a better AIM casino picker then me lol.
And the last poster I took head of in 2021 with GGP.
It will be in Guernsey. See original,Scheme Document.
Anyone know where this is or is it a secret?
Is it the Royal Court in Guernsey or somewhere else?
Thanks
Not at all pedro61!
GGP at a near historic low from 37p down to 6p (thanks to the Shorters who will eventually have to buy back!) and SAR has a long way to go (and should re-rate to £1 plus upon P1a results due Q2).
(AIMO and do your own research!)
Pedro
As I only hold 4% of my Shanta holding Rainbow Rare earths is currently holding number 1 position in my portfolio. Rare earth sector has been utterly crushed in the winter months and is now on a bit of a rally. Everyone should do their own research of course and we do not know if Trump will support the rare earth sector. China has threatened to cut off the west as rare earths are used in missiles, drones, fighter aircraft and ships etcetera and its not just EVs and windfarms. Tony
It sounds like investors have missed the boat on those 2 shares. SRB just about to set sail,not too late to board ship.
I'll stick with GGP thanks and SAR (who are up another 26.88% today so far, meaning I've trebled the value of what was my SHG holding in under a month and with (IMHO) more far upside to come! 😉)
(GL to those still holding here)
Talking of buying cheap miners...none cheaper than SRB....huge cashpile growing daily and with a big increase in gold production planned for for near future,indeed,plans to double production in the next 2 years,makes it stand out.
To the contrary, POG is not crashing. It's pulling back after having had a healthy run.
And now all are happy we received this offer ..POG is crashing at fast pace and we are safe ... i will take my money here + in June/July and buy cheap miners ... 20-30% cheaper as they trade today
19/3/24 Take over Offer in 14.85p
Not moved much over the month 14.75p today the highest.
Thieves........
Good news deliberately held back.
I'm still holding on.........just in case.
11 mill trade,just there
7 mill earlier
Just in case anyone still needed further evidence that Share Holders have been well and truly shafted eh!?!?!?!
Royally robbed and still they want to stick the knife in and rub salt into the wound!!
Just hoping that Karma now visits all members of the BOD in ''boat loads'' (thieving f8ckers!!!! 😡😡)
(Still I can't complain personally as having already sold up prior to the 'vote' results and chucked it all into SAR, I've almost doubled my investment in under two weeks, and with so much more upside to come (IMHO!) 😉😁)
''and the Court sanctioning the Scheme at the Court Hearing."
The only saving grace would be if they take note of the blatant corruption surrounding this complete sh8tshow and refuse to sanction it?!
(More chance of the Tories winning a landslide victory at the next General Election unfortunately!!! 😏)
Https://www.londonstockexchange.com/news-article/SHG/regulatory-approvals-update/16425723
"Shanta is now pleased to announce that Shanta and Bidco have received unconditional approval of the Acquisition from the Tanzanian Mining Commission."
"Completion of the Acquisition remains subject to the satisfaction or, if applicable, waiver of the Conditions set out in the Scheme Document including, inter alia, the receipt of regulatory approval from the Cabinet Secretary for Mining, Blue Economy and Maritime Affairs in Kenya and the Court sanctioning the Scheme at the Court Hearing."
The problem now of course for this company and its spokespersons, is that can anybody believe a word they say?
I think not.
Look at those 3 big buys today. They have serious faith that it's not going through. (Says unknown but looks like buys to me).
SparkyA1 ------
Thanks for the reply.
I can see why it is possible still to trade because the Scheme Court date has not yet been set ,but my point was why would anyone bother to do so as it doesn't seem worth the bother to me given the tiny amounts being bought.
I also have doubts as to this going through, with all the problems that these shysters have caused with their shenanigans and the voting shambles to boot.