Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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A full years worth of gold sales (105,000 ounces) from today at the current $2,200 gold price brings in roughly $230 million revenue and gross profits of $90 million.
The proposed 14.85p takeover price values the company's ongoing operations at $196m (£156m).
Assuming every fund invested is out for themselves and not acting on behalf of the board, the bid has to fail and the share price rerate higher.
I'd be in favour, subject to costs, to investigate the actions of the BOD, not least in connection to the legal charges of this opportunistic action being foisted on we shareholders..
Hi, thanks for Thomas Grace's email. I have sent him the message sent to me by Hargreaves. There may not be anything he can do apart from verify that information with HL but it's important that he knows about it.
And now we wait.
Maybe we can persuade Mog24 to forward that "...secure message from HL stating that it was Shanta that had told them to nullify the previous votes..." to thomas.grace@thetakeoverpanel.org.uk
Posting again, in case Mog24 spots it.
Should the bid fail, with the recent rise in gold price I can't see the SP falling back much, if at all. This whole debacle has been suppressing the price, so perhaps it will go up, rather than fall?
There are also some reports due in the near future, that should show some good results.
What do we think will happen when/if the bid fails? I assume a small temporary fall back in share price but surely should be positive news soon.
Apologies metis20, I had meant to say Mog24!
Hail, Caesar. I pinned many hopes on SHG, knowing Rosterman/Lihranda, Mbeya/Saza, and Singida/Mang'onyi to a lesser extent. Also, recalling junior days wandering Commissioner Street and Chamber of Mines/Chamber of Commerce similar behaviour and treatment would have been quickly exposed. What a heist here.
Au $2210 at moment, immaculate timing for the Patels (I don't think).
Viable - Alea iacta est !
Nigelbonger - Yes, for instance both SRB and HOC are firmer today.
Barry5 has a point in weakness, yeah 0.15p drop is explained through ex-divi but its at 0.20p decrease, while gold has just broken out $2200 again today. upward gold price against a larger decrease compared to dividend payment shows it clearly ahs some weakness there.
Https://www.bullionvault.com/gold-price-chart.do
As a last resort can a fixed and rising bullion price finally scupper the Patel grab? I would like to think an attainable $2250 (or above) finally torpedoes the so-called "final" offer.
MattyBoy - good idea - but that message from SHG was sent to Mog24 - see yesterday 18:02hrs.
Maybe you can persuade Mog24 to forward that "...secure message from HL stating that it was Shanta that had told them to nullify the previous votes..." to thomas.grace@thetakeoverpanel.org.uk
Metis20
Might be worth dropping a copy of that email to:
thomas.grace@thetakeoverpanel.org.uk
He is the very helpful guy I have been dealing with and it might be worth making him aware that the instruction to (incorrectly) nullify the previous votes came DIRECTLY from Shanta themselves!
If that isn't a deliberate attempt to confuse the voting process then I don't know what is, as well as surely being illegal.
(Just wish they'd sent me the same email as I'd have already done it myself!)
''I have received this as well as a rather panicked secure message from HL stating that it was Shanta that had told them to nullify the previous votes''
Is this illegal? Probably
An attempt to skew the vote? Definitely
Will anything be done about it? Most definitely not!
Received exactly the same message too Barry5.
The whole process has been nothing more than an utter sh itshow!!! 😡🤬
On a positive note, if all previous votes do in fact still count maybe the T/O attempt will fail?
(Then the 'games' will really begin?!?! 🤔🤨)
Come on Barry5, stock is down today due to being marked ex-div of 0.15p per share
Interesting to see the SP falling back a bit. The BID held constant at 14.45p for over a week but now that voting has closed it has dipped to 14.3p. I'm presuming (hoping) this indicates that, at least, the vote will be close or, better, that the Scheme resolution will fail. If there is any justice, it will do. Then I'd love to see how the discredited BOD handle the publication of their financials and forecasts
Stock is down today due to being marked ex-div of 0.15p per share
Kipperfoot ---------
As I posted on 26th March, they are hardly going to release any favourable Shanta results before this voting charade is concluded as that would go against their case that 13.5/14.85p is all the share is worth.
Even if the Nomad forced them to release ( following the strong approaches here about the rubbish voting procedures) I wouldn't put it past them to "downplay" the results so as to reinforce their derisory offer as being reasonable.
These shysters are out to rook us make no mistake.
Surely that is unlawful, if we have written communication they have done that it shows clear misleading of shareholders and treating PI's unfairly. Surely that cant stand if the vote goes through!
Today??
Don't give away your Shanta Shares.
Message to HL
There are serious misgivings about the conduct of this vote.
Bidco (Saturn Resources) said by RNS we would not have to vote again. Hargreaves Lansdown, together with Broadridge have issued several subsequent votes for Court, OGM and EGMs and subsequent confusing alterations and retractions.
If this takeover bid succeeds, objecting shareholders will undoubtedly question whether their votes have been registered correctly.
My own personal experience with Broadridge suggests this process is unsafe.