Adrian Hargrave, CEO of SEEEN, explains how the Company is now funded through to profitability. Watch the video here.
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Anyone know where this is or is it a secret?
Is it the Royal Court in Guernsey or somewhere else?
Thanks
It will be in Guernsey. See original,Scheme Document.
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?
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.
Hounddog10
Thanks for your view, I will continue to hold.
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.
SparkyA1------"I think there will be some surprises along the way."
Hopefully in the upwards direction?
Someone is buying shares at 14.75 to take the 0.1 difference? i guess if you buy enough its worth a few quid.
If anyone bought into Rainbow rare last week when i mentioned it you would be 24% up at this time.
I have taken up another small position in Resolute mining. Another junior that has a positive balance sheet. 46M debt but $81 M in cash and bullion end of March (RNS came out today). They expanded reserves to cover two years of production last year. The company website is well set out. The hedge was closed end of March. All the best Tony and good luck with your investments after 8 May.
Some could be hoping there is a movement in share price that will make it worthwhile before trading is suspended.
With the SHG compulsory scheme acquisition, I think I'll repay mortgage & buy a wee boat with my proceeds. think I'll call the wee boat SHG or SHG'd.....!!
I think that perhaps that boat be called "Lack of Dignity" in view of how Shanta's board dealt with this takeover! (With apologies to Deacon Blue) ;)
I plan to pay off some mortgage with my proceeds too.
Enjoy the boat :)
How about "SHANTASHAFTS" for your boat.
You could dine out on explaining the meaning to interested fellow sailors.
Best of luck whatever you call it.
Thanks guys! All the very best wishes!
Just got the figures from an ex broker......paid just under 23p a share back in 2011 so for an unlucky 13 years and many thousands of my hard earned taken. They can trot on...hopefully the karma and korma will get 'em....lol.
need a boat bargain now.....but will enjoy it whatever...........I promise!
Well that's that then....monies before month end! The time for me to sell up my 2011 SHG ave. of 23p would have been months later 1/2/12 for a 16p per share profit......so my mistakes were where I saw the goldprice (then £1,100 ,now £1,888) going and thinking that would be reflected in the SHG price.. ....hey ho....could have been worser!!
‼️SCAM SUCCESSFULLY COMPLETED‼️
Leaving us with the dregs....
GLA