The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
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So for this one.
https://youtu.be/Ba1iH6BNs4I?si=MZwoImO4KaNje66x
Agree.
Take a look at this case study. That could be the case for Singida and for West Kenya too.
So, It is stupid to sell at 13.65.
https://youtu.be/kH6pock4JUM?si=Fo5C1zdj2CTsCLjZ
1755 -----We appear to be on the same page, and most shareholders who contribute to this board seem prepared to vote No regarding the derisory Patel offer. No doubt Patel et al would be overjoyed to buy Shanta at such a low price, but the name of the game is to stop that happening either via alternative buy out proposals from other parties, or by Patel et al increasing their inadequate and derisory offer to a more acceptable level. I see this going above the offer price.
The board Is not the Shanta owner; they're just manager.
Their duty is to do their best for Shareholders in terms of Profits.
And the shareholders are whom choose at last.
IMO, as shareholder, it makes no sense to give away Shanta shares to Patel at 13.65 pences.
Or, in the other way, do you think that Patel would sell Shanta to us at 13.65 pences?
1755, ----Agree with you on the money printing which in a sane world should equate to stronger gold, but the Shanta BOD's duty under the AIM Rules is to do the best for its shareholders, which isn't reflected in the derisory Patel offer of 13.5p per share being called a "good deal for shareholders".
TornadoTony,
take a look at the huge amount of new money printed since 2020 fron the thin air by the Central Banks and them you Will realize that it is absurd that gold goes to 1700 or below.
It makes no sense.
Shanta board nows this issue very well; so, it makes no sense that they back this take over, but it is their duty to do that even it is a horrible advise for shareholders.
The Shanta Gold Board made their recommendation on the basis that the gold price has peaked in 2023 and the direction is possibly lower gold prices. If gold prices were to collapse into a bear market how many of us would vote No in that scenario as it would not make a lot of sense. We may soon find out if gold goes to the sunlit highlands as an alternative breakout development and in such an event the Shanta Gold Board has reserved the right to change its recommendation if circumstances change as written in the Bidco submitted papers.
The no other offer for Shanta Gold to date from another source is perhaps a reflection of concerns as to where gold goes in the future. Of course if gold is going down so is everything else along with the ability of many governments to pay their debts.
If the Shanta Board is correct about falling gold prices then we know that the Saturn has to honour what it has asked the Shanta Board to recommend to us.
I am hoping the gold price does go higher over the coming months. I am hoping the Chinese New Year on 10 February is a positive as we leave the year of the rabbit and enter the year of the Dragon. All the best Tony