Member Info for booboouberbear

Q2 Results in 2 weeks expecting 25-27k Ounces production and AISC Margins of £13.5-15m. That’s serious cash for a company of our size.

Thanks.

Reference the new CEO / when this will be announced in today's Webinar? Thanks in advance.

A great RNS and should signal the best quarterly results in the company's history when announced later this month.

Odey had 11%+, overnight, well practically in terms of Shanta normal volumes, they shifted the lot, to whom is the question, because these weren't dumped on the open market judging by how relatively stable the SP was under this kind of volume / selling.

Considering the 'administrative error' is now cleared you can bet Odey have also shifted their last 12m shares too.

Who presents themselves as the buyer to Odey's Seller is the question.

The last regulator left on AIM should turn off the lights. Shambles of a regulatory system.

Are we also to believe these shares were dumped on the open market...

Guess we will have to wait another month or so to see who bought them.

Yes, Brookes AM and Odey AM are related companies.

The question is now who owns them. Its clear that the CEO is making out they have new owners.

Great stuff.

Https://www.marketscreener.com/quote/stock/SHANTA-GOLD-LIMITED-4005388/news/Shanta-Gold-Proactive-Investors-Presentation-21-June-2023-44163172/

Found this, which is a read of the presentation from last night, can't find tye actual proactive investor presentation itself, however?

Appears to show 100k ounces prorata on track for Q2. Also shows an updated share register will be issued shortly, which suggest what we all know that Odey's shares have found a new home.

Down at this level, don't expect any compliance with TR1 requirements. Whomever is accumulating will tell us when it suits them.

And another 7.5m just gone through, considering the volume here, there has to be some regulatory disclosure imminent.

I have a bad feeling a takeover is coming on the cheap!

Yep, but who's sucking them up....

Something is coming down the pipe, ww just need to see what that turns out to be.

I continue to top up to counter a cheap takeout, which looks more and more likely judging by this volume.

Might be a transfer out, but I don't think it would be that quick in timescales.

Looks like a full disposal IMO. It will have to be a TR1, probably tomorrow RNS.

It's a great way for a Shandong (precious interest) or a La Mancha (our new NED has links) to take a quick tranche of the company without any problems of building a stake on the open market.

Someone hasn't let a crisis go to waste possibly??

But who's bought them...

Sales landed.

Https://www.google.com/amp/s/www.sharecast.com/amp/news/risers-and-fallers/ftse-250-movers-plus500-jumps-housebuilders-lose-ground--13711718.html

They've been going round the houses getting rid of what they can.

It also looks like OAM is now being broken up and sold on mass.

MCAP right now is £95m.

For the big clear out, here, whomever is dumping, they've taken some £15m off the MCAP by dumping less than 10m shares with a value less than £1m.

If it turns out simply to be a distressed seller (Odey or similar) then we are in for some great bargain hunts.

With the caveat that mining is a trick business that and things will and do go wrong, even at 95k ounce production a year here, at current SP and with a doubling or trebling of dividends in the next 12 months, what we looking at here, a yield of 6% or so? Plus you have the very real scenario if the SP seriously advancing. What you getting with NIVIDA, a 250 PE Ratio, and the possibility it tanks.

It's a no brainer for me, but then I've never been the smartest on investing.

All that over pumped tech junk eventually falls to earth when gravity and interest rates kick in.