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Started: LostAllMyShirts, 20 Jun 2024 21:08
Last post: LostAllMyShirts, 20 Jun 2024 21:08
What happened to Shanta Gold ?. I thought they were doing well ? 39.1 g/ton they said ?.
Started: Ladytrader, 15 May 2024 12:52
Last post: Neil423, 26 May 2024 14:54
I have been paid via H.L.
Hopefully my next investment will be rewarding.
Ii - have received my pittance as well.
GLA
Ii - have paid
HL still lagging
I don't expect it to arrive before one minute to midnight tomorrow given SHG's treatment of its shareholders.
Nothing yet. Based on timetable expecting payment on 24th May.
Started: ripley94, 19 Oct 2022 11:48
Last post: NoelShempsky, 25 May 2024 16:32
Not had mine.
Paid out yesterday .
Nice one ripley94
I have just over 2m shares (split between an ISA and Pension), but was fortunate to get in early and have an ave. of only 1.1p in the ISA (but 11p odd in my pension so still underwater over there).
I'm not that great at picking winners but I do truly believe in the risk/reward for GGP (especially at the currently low price)
The only potential problem that I can see personally is that we get royally f8cked over like we just have been here, but I do believe that our CEO Shaun Day has morals and a genuine interest in doing what's best for his SHs (unlike the low life scumbag sacks of sh8t on the Shanta BOD, who don't know the meaning of the word integrity in my opinion! 😡🤬)
Still one can never be sure where big money is at stake, so all we can do for now is wait and see.
GL
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.
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!)
Started: Laney, 15 May 2024 19:11
Last post: JWBellamy, 18 May 2024 04:34
Yes, it’s gone; perhaps the word ‘shaft’ didn’t pass muster…
All I can see is 'RA RA, Happy Slappy what a great bloke he is' so they must have removed it mimbrit?
Just responded to his crass posting
Jeez, the brass neck of this back-stabbing scumbag to post that. Does he have no self awareness of the dreadful way he has treated the shareholders and the pretty much universal contempt he is held by everyone apart from his sycophantic mates on LinkedIn. Forget you Zurrin.
Started: kadavul, 10 May 2024 07:01
Last post: MattyBoy1965, 15 May 2024 09:02
Been in KEFI since 2017 and still sitting on a 97.4% loss!
You might want to take a look and research Kefi Gold and Copper. After 10 years of false dawns, the remaining (second) bank loan sign-off is imminent, between now and end of May24. This should take share from .72p to over 1p. But more importantly, the company had massive reserves in Ethiopia annd Saudi thought EZ was a reliable sort…….phah!
JW Bellamy ---"What do you guys think of gold play BMV?"
All of us who were shafted by the SHG episode know the risks we take investing in anything these days and I am sure similar risks may be a factor with BMV.
For what it's worth I may consider a smallish position in BMV when I receive the £30k ish profit from the SHG payoff. Thought the Australian CEO Colin Patterson was experienced and knew his stuff.
All the best.
If I had my life over again .......I would have never invested in any share or fund....and I'm not stupid.....but have lost nominally and in real terms.....overall in collectibles, real stuff and property....on paper it looks ok! and happiness 75%+
Here's one to read ......................https://billholter.com/2024/05/11/3427/
"Do not go gentle into that good night.
Rage, rage against the dying of the light."
Good luck with your new picks MattyBoy. Lets hope that slimy EZ and Patel get what's coming to them. Like you I'll be avoiding anything to do with Indians. For myself, I'm a late mover into SRB and THX which both have good long-term growth potential.
Last post: Hounddog10, 14 May 2024 15:57
It was paid on 26 April. You would have needed to be holding shares on 2 April to have got it.
When will the divedend be paid
Last post: Hounddog10, 13 May 2024 17:19
The takeover proceeds have to be paid out no later than 14 days after the date the Scheme became effective (10th May). So no later than 24th May.
Thank you very much deepjoy.
The shares are only cancelled from trading; the nominal value of the shares remain. Therefore when the take over is for an agreed price happens your daughter will receive that price per share in her account in due course.... hope that helps
Hi all , can any one tell me what happens to shares held in account now delisted, my daughter has just told me she has shares in shanta, has she lost her money , any thoughts appreciated.
Started: Harrogate4, 24 Apr 2024 14:40
Last post: mick-b, 10 May 2024 11:44
‼️SCAM SUCCESSFULLY COMPLETED‼️
Leaving us with the dregs....
GLA
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!!
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!
Thanks guys! All the very best wishes!
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.
Last post: Chimpus, 26 Apr 2024 12:56
Very small consolation I know, but the 0.15p divi arrived in my HL accounts today.
Started: kadavul, 17 Apr 2024 14:13
Last post: mick-b, 19 Apr 2024 15:54
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!) 😉😁)
Started: metis20, 16 Apr 2024 11:26
Last post: MattyBoy1965, 16 Apr 2024 14:19
''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."
Started: Harrogate4, 16 Apr 2024 08:16
Last post: Harrogate4, 16 Apr 2024 08:16
The problem now of course for this company and its spokespersons, is that can anybody believe a word they say?
I think not.
Started: Harrogate4, 15 Apr 2024 09:11
Last post: sparkyA1, 15 Apr 2024 12:39
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.
Hi, See my earlier question (Buying) and the reply which covers your question also. Are some having doubts about this going through?
Can someone please explain the reason for the tiny trading ( buys ) today, mostly less than 100 shares bought.
I can see why people may be selling ( fed up waiting for their money and now divi assured) but why would anyone be buying.
Started: Source888, 6 Apr 2024 11:14
Last post: mimbrit, 13 Apr 2024 14:05
I believe this is Broadridge in the US.
My personal experiences dealing with them over my late mother’s holdings were a nightmare; it does not surprise me that the handling of this was shambolic and it should be looked into.
Of course it may be that only HL used them, so perhaps not materially altering the outcome, but it would be worth the Panel establishing how many HL votes against the Scheme were actually registered compared with the polling on here (although that number is not reliable either).
It's just yet more miscommunication/ erroneous information. I find it quite appalling.
I have asked HL for further information;
Who is conducting the investigation they mentioned. Is it just an internal HL probe, an outside party or regulatory body?
I have also asked just who is their "proxy voting provider" that gave them the wrong information ?
I forwarded the original HL message to the Takeover Panel and they contacted me about it. Interesting now to note that HL are backtracking. Perhaps the HL employee that made the claim that it came from Shanta Gold made an error.
Seriously, this just goes from bad to worse! I have just received this message from HL, further to the one received earlier on...
Dear .....
I am writing to highlight an error with part of the communication you were sent on 11/04/2024.
In that correspondence, we wrote: “We had written confirmation from Shanta Gold that votes would not be carried over”. This was incorrect. Shanta Gold have at no point issued any communication to HL stating previous votes would be cancelled.
This miscommunication from HL was caused by information provided, in error, by our proxy voting provider, not Shanta Gold themselves.
To clarify the situation, any votes that have been placed by clients since the online voting facility was made available on 26/01/2024 will be retained and submitted.
Kind regards,
Corporate Actions
Chimpus/MattyBoy1965
Will do the same for Interactive Investor.
Started: bankrupty, 11 Apr 2024 21:25
Last post: bankrupty, 11 Apr 2024 21:25
Sprott
"For the gold mining sector, we estimate a fully loaded cost (extraction, sustaining Capex and exploration, plus corporate overhead, interest and taxes) of $1,750 per ounce. The gold price averaged $1,943 in 2023, indicating an industry-wide profit margin of $200/oz. Assuming a 2024 average price of $2,072 per ounce (same as Q1 2024), the industry-wide margin would rise approximately 61%."
Current Price
$2,374.04
Today the industry-wide margin would rise approximately 216%!!!!
Like i said before ....they could not have afforded to takes us private beyond NOW!
Last post: sparkyA1, 11 Apr 2024 09:13
Thanks for the info.
Trading continues because the Scheme Court Hearing date (D) has not yet been fixed.
8th April RNS:- https://www.londonstockexchange.com/news-article/SHG/regulatory-approvals-update/16412624
Further Conditions and Timing Update
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 approvals from the Tanzanian Mining Commission and the Cabinet Secretary for Mining, Blue Economy and Maritime Affairs in Kenya and the Court sanctioning the Scheme at the Court Hearing.
The Acquisition is expected to become Effective in H1 2024, subject to the satisfaction (or, where applicable, waiver) of the Conditions.
The expected timetable of principal events for the implementation of the Scheme remains as set out in the Scheme Document and is also set out below.
Scheme Court Hearing
A date ("D") expected to be on or not later than 21 days following the satisfaction or (if applicable) waiver of the applicable Conditions set out in Part 1 of PART III (Conditions to the Scheme and the Acquisition) of the Scheme
What are these mostly small buys all about? I thought trading had been suspended on D+2?
Started: Illogicalspock, 11 Apr 2024 08:58
Last post: Illogicalspock, 11 Apr 2024 08:58
Any guesses where the share price will go before the end ?
Started: crystalvoyager, 9 Apr 2024 06:58
Last post: longfell, 9 Apr 2024 07:05
Totally agree. I managed to pile into sfor with 40p average. Check it out. I'm confident it could get to £2 by next year. It was nearly £9 not so long ago.
Where to next people!Luckily I came out of this in profit (been here long enough).Its put me off miners and AIM though.Had more success buying Rolls Royce on a low.
Started: CeeD, 5 Apr 2024 18:14
Last post: Mog24, 8 Apr 2024 17:50
CeeD, 'Hindsight is a wonderful thing' as my old mum used to say. I was as gutted as the next of us but we had little control being in nominee accounts. They've won this time but karma will bite them on the backside one day, whether we hear about it or not.
Best of luck to all. Onwards.
I did see that some platforms charged for the service but I had no idea that the cost to HL clients was £7,500 pa. Clearly, they don’t want anyone doing this.
The good news is that, according to the link within my post, some stock brokers do this for free as part of their service.
I am definitely going to make further enquiries and will report back.
Very good point for the future however
HL charges £7500 a year for Crest account
https://www.hl.co.uk/security-centre/Central-Securities-Depository-Regulation
Very good point for the future however
HL charges £7500 a year for Crest account
When I saw the RNS with the results yesterday, I was curious as to why they had set out the number of people voting (in person or by proxy) at the court meeting. For those of you who haven’t seen it, there were
84 For and
37 Against
Well after doing some digging on the internet, I found out the reason. They needed a double major as set out below
A simple majority of the persons voting and a
75% majority by number of shares voted
What this means is that if another 47 ‘No’ voters had voted, even if they only had 1 share each, Patel would have lost.
I know what you are thinking. There are hundreds of us so how did it get through and, why were only 37 ‘No’ voters recorded? The problem is that the vast majority of us hold shares in nominee accounts. For example, A J Bell, is the legal owner of all of the Shanta shares held on its platforms. A J Bell may have hundreds or thousands of Shanta shareholders on its platform but A J Bell is just one voter!
This will shock you but, all we had to do was open Personal Crest Accounts (available through certain stockbrokers – see www.sharesoc.org/investor-academy/advanced-topics/personal-crest-accounts/ ), buy one or more Shanta shares each, through the personal account, and we would each have got a vote. Accordingly, we could have easily overwhelmed them with our numbers.
I cannot express how sick I feel by not picking up on this earlier.
Still, if we ever find ourselves in a similar position again, we will know what to do. This will certainly stop any new stitch-ups so, some good has come of this after all.
Started: kipperfoot, 8 Apr 2024 16:41
Last post: kipperfoot, 8 Apr 2024 16:41
We all know it has been a hell of a ride, with corruption and greed all on full display, including mine, i might add, if i sell today i will have made 46%, which in just over a year is a cracking return...but we know it could have been more. i only hope eric, who's reputation is now pants to all investors here, has had a worthwhile pay off. my zephyr are flying, my harl is a dog, but that is investing for you. luckily i am not desperate for the money so will probably hang on for now, haven't really decided, but if something else takes my fancy, like arrow maybe.
whatever happens GLA, we will meet again.
Last post: sparkyA1, 8 Apr 2024 16:02
Sold this aftie after being tempted to hold and see what I get but decided it wasn't worth it. Sad to leave.
Started: Cnutgoestheeasal, 8 Apr 2024 12:18
Last post: Cnutgoestheeasal, 8 Apr 2024 15:26
We'll never know. Once SHG gets sold it and its accounts pass through a veil beyond which we mere mortals cannot see. The same goes for any envelopes brown or otherwise that might get passed from SHG new owners to obliging government ministers and officials.
****goestheeasal --------"i'm wondering what incentives were put in place for such a speedy response....?"
i'll give you a clue ----it comes in brown envelopes and it's called backhanders.
The speed a which both the Kenyan and Tanzanian authorities have given permission for the takeover is mighty impressive.
Given that African governments have a reputation for sloth and indifference I'm wondering what incentives were put in place for such a speedy response....?
Started: Surin, 6 Apr 2024 19:35
Last post: kkkrrr, 8 Apr 2024 10:25
Move on and buy Celedonia or Cerrado or other cheap stocks .. no need to cry like little childs ... unbelievable behaviour here at this message board .. unbelieveable ... there was an offer ..80% voted FOR , 20% against .. its completeley OK ... even without a PRO - recommendation from BoD this deal would be a done deal
''Whose job it is to protect us from CEO/CFO shenanigans''.
I always thought that it was 'The Regulator', but then we all know how utterly f8ing useless they are!!!! 😡🤬😡
The BOD are all crooks.
Not one of the BOD stood up for the private shareholders including the Independent directors.
Whose job it is to protect us from CEO/CFO shenanigans.
Remember when the CFO/CFO father Sold...that should have been a warning...but good to see the Patel class colluding with the Western Financial class to continue enriching themselves at the expense of others.
Started: Source888, 6 Apr 2024 11:48
Last post: Source888, 6 Apr 2024 11:48
Started: bankrupty, 5 Apr 2024 15:05
Last post: bankrupty, 5 Apr 2024 19:41
Remember the VAT?
Join the dots in context with my earlier muse.......
https://www.kitco.com/news/article/2024-04-05/zimbabwe-introduces-new-gold-backed-currency
".....I said that if patel's didn't take SHG private now....they won't be able to afford to do it in the future:-
HUI/Gold.....0.09 region was reached in early 2016, a sharp miner reversal ensued to begin the mean reversion in gold stocks which saw many juniors move up 3x-5x within 6-months.
In 6 months time they may have to be offering 60p per share?????????"
......I said that if patel's didn't take SHG private now....they won't be able to afford to do it in the future:-
HUI/Gold.....0.09 region was reached in early 2016, a sharp miner reversal ensued to begin the mean reversion in gold stocks which saw many juniors move up 3x-5x within 6-months.
In 6 months time they may have to be offering 60p per share?????????