Member Info for 1755

Don't give away your Shanta Shares.

Https://www.mining.com/perseus-extends-orecorp-takeover-bid-to-april/

Perseus wants OreCorp too; so they Pay more than Silvercorp.

SilverCorp refuses to pay more and step down the course. But they are interested in Kenian Gold and Shanta could be a good chance.

At 2,210 $/gold ounce even Fresnillo is going Up (+5.75%) but Shanta price is stuck in the mud as a consequence of Patel's.

I wonder to my self, why did the Board & Patel approve the 0.15 p dividend? Does Patel need some more cash in order to pay the TakeOver?

They are willing to pay only 4 times 2,023 profits. That is not enought. If they want Shanta they must pay the right price that is far above from 14.85 p.

Agree. Gold futures hovering 2,186 right now.

Nice, I love it

Interesting video:

https://youtu.be/9jmi0IqkyTo?si=1RSOgn88fabc_sc1

Agree Noel.

Have you see that today Gold is at ATH buy Gold miners are on red?

Take a look at this...

https://oilprice.com/Energy/Energy-General/Central-Banks-Boost-Gold-Reserves-to-Diversify-from-the-Dollar.html

Absolutely CompoundInterest.

That goes for year one...and for each one of the year till the end of the life of the mine....

No doubt, Patel wants to dous a favour : )

I mean Law, not low.

Sorry.

When is Shanta Board going to update us about Singida and West Kenya drills and reserves/resources?

What are they waiting for?

Patel Takeover does not allow them to not inform about on course mine activities.

Low forces them to be silent about Patel takeover but also their duty is to inform shareholders as usual and in time about mine activity.

So, what about updating???

That's to say Patell's take over at 13.5 is dead.

Great.

I wonder to my self: with Gold hovering $1,150 and on the rise, does Patett 13.65 pence takeover make sense for Big investor & Funds?

And I answrrs my self: no, I don't think It does.

So, as a result, I'm keeping my Shanta stake until this bad taste joke ends, and also buying other miners too.

For instance: SilverCrest Metals, Kinross, SilverCorpMetals and Calibre Mining.

Taking about Caliber, they are making some new bonanza grade discoveries; take a look at their home page news https://calibremining.com/

Https://www.kitco.com/news/article/2024-03-04/gold-price-above-2100-market-just-getting-started-jess-felder

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

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?

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.

But there are no trades at 13.65 yet. This could mean that big ones don't trust in the successes of the take over, that is 13.65 is not enought.

Https://www.mining.com/alamos-gold-acquires-orford-mining/