Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Grezzz,
All have their merits, THX most undervalued but in a risky area, SRB is in a stable region also undervalued but like THX hasent got a long proven resource minelife. But with little capex spend i see this easily changing. HOC is in a much more safe and stable area, and exposes to around 40-50% of its revenues in silver which, silver, i see as very undervalued plus it is expanding its production. Although when i was initially looking it was 90p however, i decided to hold SHG throughout this fiasco so unfortunately missed that buy in. FRES is potentially a punt for another silver play but medium term their production is marginally reducing so isnt as attractive to me. People happily correct me on my evaluation, it is all my opinion and interpretation.
Nigelbonger
"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"
I have a reasonable holding in SRB too, but held off diversifying further until the result of this fiasco was confirmed. I quite liked the look of HOC at around £1, but it's less attractive now. Have you researched quite thoroughly, and if so, who's the favourite? Would appreciate your considered opinion :)
Mog, 99% of private investors will own shares via a nominee broker (e.g. iii, IG, HL, etc.). Those nominees will aggregate all their customer votes and then they will vote once in a single vote.
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?