Member Info for Cnutgoestheeasal

Agreed. This is so frustrating and I am normally happy to be a patient investor but they keep tripping themselves up.

South Africa is taking 80% of the management time and is losing money. They are chasing too many opportunities and NOT focusing on the basics. It's no good blaming suppliers and manufacturers. THEY ordered the kit and should have been on the delay MUCH earlier. Also underestimating the gold content of what they have been producing was a basic error. They keep telling us that it's their USP in sizing up a contingent of material for processing and negotiating a contract that is profitable. Will they didn't in this case did they?

Mothball all the coal stuff chase only the most likely contracts, slimdown the workforce if necessary and size the operation to fit the likely drop of in supply due to the declining SA gold industry.

Finally concentrate on the supply from DD-Gold and make sure that it will pay its way because, like it or not, GDP SA will increasingly rely on this material and it make or break the operation. Don't assume the TSF to come to the rescue as the date when anything happens keeps receding into the distance

Having worked for a hedge fund or too I know most strategies aren't interested in arbitraging between 13.2 and 13.65 unless it's intra-day or overnight and even then in massive liquid markets not SHG. They put in billions to get one or 2/3 bps say for example arbitraging between treasuries and treasury futures.

Assuming they are not in the Patel concert party they will be wanting more than a paltry .45p.

They will be voting NO and like us if they lose they still get 13.65 back

For the full article:

https://www.thisismoney.co.uk/money/investing/article-12682817/MIDAS-SHARE-TIPS-UPDATE-Miner-Shanta-Golds-prospects-start-shine.html

Do you mean this one printed October 2023?

MIDAS SHARE TIPS UPDATE: Miner Shanta Gold's prospects start to shine

By JOANNE HART

UPDATED: 14:44, 30 October 2023

The world's central banks own more than 35,000 tons of gold, collectively worth trillions of dollars.

Many have been adding to their coffers in recent months, including China, which has picked up nearly 155 tons this year alone.

Central banks buy gold as protection – against political turmoil, economic volatility and financial risk. And, in the current climate, their interest in gold will almost certainly increase.

And it goes on to recommend the stock. Seems pretty bullish to me!

Before it got moved smartly down to 13.2.

Maybe the pool of sellers is drying up...?

Ah Amerisur - I remember it well. The issue with that stock wasn't, in my view, the offer but rather the timing of it. If I remember correctly the stock was languishing around 10-11p having been much higher (yes to guessed it I bought then) and the offer was, I think, around 19p. A decent premium on the undisturbed price.

No the problem was that Giles and Co had cost free options that were deeply under water but the offer gave them all a healthy premium. The options were due to expire just before Xmas and yes, you guessed it, the shareholder approval was for the day before, Magic.

I was at the AGM and politely pointed out this amazing coincidence. Giles then proceeded to lay into me shouting his head off obviously trying to provoke me into losing my temper than then issuing legal proceedings. I know this from speaking to somebody who had crossed swords with him previously. Luckily I kept my cool but the vote went through anyway and he and his Board got and early and thoroughly underserved Xmas present

And in the meantime we do our bit by slowing the whole thing down and VOTING NO!

As Serabi has shown there is life in AIM Juniors and Mr Market can pay attention to developments. This leads me to think that all of the churnings in the dark pool and the ridiculously managed share price give the illusion that Eric,Patel et al are the masters of this saga.

I'm not so sure in breaking cover in December they lost control of events. I can't believe an astute institutional or even large professional investor hasn't been taking notice and said to themselves that there's more value to be squeezed out of this share than what's been offered.

The more holders there are of the stock the less likely the Patel's can coral (I didn't say bribe!) them into their camp with promises of goodies down the line.

Markets and self interested and amoral and somebodies bound to be up for a bit of game theory...

Where are you now me old mucker? Presumably run away having pumped and dumped!

Just as well I've got to recognise types like you and generally do the opposite to what you preach...

I've just voted no on my wife's holding on ii. Yours should be there too

700k+ shares

Landlord - I admire your touching faith in "professionals". I don't think they've covered themselves in glory with SHG and other similar small miners. The truth is they cannot be that bold and whilst there is undoubted value in many small caps they daren't go too far out on a limb because they will lose their jobs if they are too contrarian. In their view their tenure is always up for review and will not survive the sort of patience required for true contrarian investing.

You could try PE or hedge since they are definitely not subject to the short termism of traditional managers but boy do you pay through the nose for the privilege.

You could go passive. the whole world seems to be doing this right now. But at some point this money becomes "dumb" since passive doesn't seek to differentiate between stocks relying on others to do the price discovery for them. Problem is though that price discovery becomes imprecise when everybody leaves the active management arena.

That just leaves DIY investing. You've clearly had you up and downs (as I have!) but I'd recommend not entirely relying on active managers since you've clearly learnt from the experiences you've had and to abandon DIY entirely wastes that invaluable experience gained.

If I were you divide you money up and allocate to the options as above but leave some money under your control

From your various posts you seem pretty sensible and knowledgeable. That counts for something!

To book a flight to Guernsey to attend in person and speak a few home truths to our "trusty" Board.

Aah, blind faith, can't beat it....

Let's hope you don't regret it. The exploratory license for Coringa expires when? 27th? They're cutting it a bit fine...

Yes I think you have encapsulated the issue. The price is paralysed between the support of the offer price (derisory though it is) to (I suspect) a complete lack of in house research from the institutions and a general skittishness amongst AIM investors who emotionally like things to happen to get that dopamine hit!

It's a war of nerves. Stay focused and patient and, as you say, Patel et al are toast, sell out at any price and they get a delayed Christmas prezzie!

Surely there's rules that mean they have to table a formal offer within a set period of time.

I appreciate different rules but Musk got into trouble for something similar...?

When is the formal offer from the Patels et al coming out? Have they even got permission for the scheme of arrangement yet?

I've heard nothing official from ii asking for me to vote...

Wincanton - guess what the premium to the undisturbed share price was?

Hint it's more than 6.5%!

"GGG, Like l said they will take revenge on a no vote. Not sure how that will look but certainly Eric like Cameron will resign and there will be turmoil."

It's pretty clear that with all they've done they are trying to scare the investors into submission.

Look - investing is NOT easy. To earn a profit you have to work at it. Either through diligent research or in the case of M&A by playing the game as well as the big boys with mucho dosh.

CALL THEIR BLUFF It's the only way forward unless you're happy with 13.65.