Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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.
Correct, that’s the core problem, you dump your Google shares no one notices in one of the most liquid companies on the planet, you dump your SHG shares in an illiquid market, it’s a problem, for shareholders and the SP.
Anyway, let's see how it all pans out...US Fed centre stage tonight too.
Occam's razor probably applies, it’s probably Odey, they’ve shut down any withdrawals from their funds in the last 24 hours, are probably in an all-out liquidity scramble, so the dumping begins here.
If you remember back to Neil Woodford in 2018 and the damage, he did to some companies’ SPs when he was looking for any liquidity at all costs…
Any distressed sellers of that level then the MMs will make them bleed.
The danger at this end of the market when liquidity dries up and a seller needs to sell, 0.5% shares sold today, not all sells, either, and the MMs tank it 10%, company loses £10m+ MCAP on circa £500k shares being moved about, and some of that is buys. Crazy, but the blood is being sucked out of AIM and this is the immediate future, sadly!
Of course, the company is doing great and so is the POG, so if you can ride it out, buy and weight it out!
‘City planning’ on a large scale has been ongoing for many, many years, since the dawn of civilisation, in fact, probably it was Mohenjo-Daro and Harappa, some 4,000 years ago that was the first, it’s not really a conspiracy, in fact, your local town planner at the Council works on ‘city planning’ every day, your local school / hospital is built in the location it is because of some pretty complicated and well thoughout out planning, if you don’t have these things, you have complete chaos, and on a planet of soon to be 9B, these things are more and more important or you will have wars galore over resources.
Sadly, if we wanted more ‘freedoms’ to do what we want, when we want, we should have limited our populations long, long ago…the ship has sailed.
All 100% true @ Tony, but while you have sellers on 0.1% of trading, the MMs can only take it down.
FWIW I continue to top up, the value here will ‘out’ one day, but that seems to now be further in the future than I had originally through based on how far they have genuinely progressed by Mid-2023!
It’s a mess, liquidity has drained from bottom to top, there is now nothing left at this end of the market, Toronto and Sydney are slightly better in terms of Shanta, but the London AIM is in desperate trouble.
Even in the US, when you peak behind the curtain of the Mega Cap Trillion Dollar Stocks the Russell 2,000 is showing real value / liquidity stress, even the S&P 500 is out with the Mega Caps.
With the US Treasury about to issue $1.5 Trillion in Junk Bonds this year and the Federal Reserve (trying) to continue to shrink M2 Supply and their balance sheet, we are in for a serious liquidity issue which will almost certainly trigger a serious recession IMO.
As Zurrin said at the investor call last Wednesday, if the market doesn't give the fair value, someone will eventually come in and take it off our hands for fair value, we can't be far away from more knocks of the door IMO.
Also, if you look at the PM Junior Resource Sector, it's not just us who are treading water, the whole sector is.