Member Info for G_G_G

wtf is going on here. why have these greasy little b@stards not removed their offer or increased it...? it has clearly failed at 13.65p. i can't believe this is even legal. to put a bull**** offer on the table, use official company rns channels to try and trash the company's prospects to get the dodgy deal over the line, and then cancel a vote at the last minute and put an indefinite delay on proceedings because the market has told you to p!ss off. how is this even legal? and to think the bod has gone along with it. absolute scum the lot of them. no amount of money will change that reality.

that has been my concern as well matty, but i think the sp has gone comfortably past the offer price and the funds are still buying, which says to me that even if they are 'acting in concert', it will be for a higher price. big question is what number the funds have indicated they will sell at. i imagine 15p is the new minimum. i'd hope they have mentioned something along the lines of +16p. and my wish is for another bidder to enter the fray with +18p. the latter would be brilliant and we can put all this ****e behind us. the greasy little patels also won't get their hands on the assets. absolutely shocking what they tried to pull. even worse the bod went along with it. only 2 more weeks before we know what's happening. and if they pull it completely then we're overdue a lot of good news. so in their interests, or another bidder, to act in the coming days. gla

More shares being bought by Samson. I can only think these guys know of another offer incoming, otherwise why buy almost 5% in an 'illiquid' stock...? Just want a reasonable offer to land and to have this over and done with. Way too dodgy and would rather get away from the stink of our bod and the Patels.

Chunky buy of 500k at 13.65p earlier. It's these buys that establish hard floors under new levels. I simply cannot understand why the bid hasn't been withdrawn, or increased. There's literally nowhere else for our greasy bod and Patels to run now. I should think 16p is the next level where they could reasonably expect it to pass. If they weren't such thieving little dogs and went for 15p in their original bid they'd probably have the company by now. Now even that number is highly unlikely to pass. My hope is for a counter-bid to arrive in the coming weeks at +16p and the Patels get nothing. I think that would be the most fitting outcome right now. Roughly 2 more weeks to go before the postponed court hearing is held (if it goes ahead). GLA

I think more to the point, if the funds were to accept a bid of 13.65p it would highlight they are acting in concert with the Patels. I'm now convinced this smash and grab has failed. They have to up the offer or f@ck off. So happy these greasy shysters are getting burned. The big question is what number will the funds accept? Let's hope they say at least 16p. I'd be p!ssed off with them getting the company for such a low ball offer, but I'd be able to get over it :) Still a chance another player will make a move. GLA

got a feeling this could creep back down to £25m mcap (26p) level without news soon. bit of a bugger as my 100k holding average is 33p. will buy more if it continues to drop. bit of a no brainer this one. if penascola comes in at expected volumes on appraisal then we'll at least double, maybe triple. and if selene comes in at penascola size or bigger then it could be a 4-5 bag. malcy talking **** about 10x as usual. i'm not saying it's impossible, but it will require selene being the biggest nth sea find in the last couple of decades, and penascola being same or larger than estimated resources. i'll happily take a 2-3x. gla

I also think 16p is the new 15p. If they weren't such snakes they probably could have gotten 15p away. Now they'll have to increase further to be confident of getting funds and PIs on board.

My biggest wish is the Chinese or a mid-size to major producer comes in and drops 18-20p and ends the whole thing. Game over and we all get to move on with some profits. GLA

Well if ever there's a time to drop a bid or increase it, then it's now. F@cking shysters owe it to their shareholders to provide an update after all the slimy moves they've been pulling. Buys at offer + divi price now coming in. I'm expecting a new bid in the coming days as gold ain't going to drop, that;s for sure. GLA

Tony, it's amazing how you've flipped your position from selling out a couple of weeks ago. Fwiw I'm staying put here until a higher offer lands, or the current one is withdrawn. The worst case scenario is these greasy crooks get away with 13.65p, which would only lead to court cases as it would be clear the funds are acting in concert with the Patels. If they pull the offer and walk away the sp will re-rate to 15p almost instantly, which in turn will put a floor under any future offers. Only thing I care about is the Patels and bod don't get to steal this company for anything less than 15p. For them to get the deal over the line I think +16p is probably the price required. And as I've said before they can have my 0.6% if they offer that level. I'm keen for this sorry, sordid affair to be over. Looking forward to next week. GLA

So are we saying the slimy little Patel f@cks can up their bid at any point in the next 3 weeks and shareholders are then free to vote on it again before the 28th? Surely any change to the value of the offer requires another vote from all shareholders and not just for the funds...?

Also begs the questions as to whether there is any way we can get f@cked by these new funds who are buying in i.e. they're buying on behalf of the Patels and get a nice big backhander for their efforts? Is this something funds would be highly unlikely to do due to legal repercussions? It will be pretty obvious the Patels are acting in concert with these funds if they accept 13.65p in the coming weeks, but would be good to get some knowledgeable poster views.

Either way gold going bananas couldn't have come at a better time. It's shone a lovely big light on the puke that has been spilling out of the Patels and our grimy bod. The other good thing is the price is only going higher in the coming 12 months. The gold price rise is in anticipation of rate cuts. Imagine where it will be when they've cut rates by 2% over the next 24 months. Gold went within a whisker of $2200 yesterday, which means we're comfortably throwing off +$100m EBITDA annually, and with 135k oz production we're at +$140m. The numbers are silly now when looking at a bid of $175m. With gold at $2500 and 135k oz production the +$190m EBITDA we're throwing off is greater than the offer on the table. Says it all about this offer, the Patels, and our bod.

Hopefully an improved offer, removed offer, or counter-bid next week.

Gold continues to break ATHs, and yet the grubby little Patels and our bod continue to stay silent. We're not getting any of the promised updates. And they're holding the sp to ransom. Absolutely disgusting behaviour. It doesn't matter if they're technically (somehow) on the right side of the law. This is a listed company and such behaviour is almost unfathomable. They're a bunch of low-life shysters. They should either up the bid in a timely manner, or f@ck off. All the money in the world and they'd all still be greasy pimples. Hopefully next week they find some principles and make a decision one way or another. GLA

You're back in Tony? At 13.4p?

I had a question to the board in my rant yesterday evening. How likely is it these funds are acting in concert with the Patels i.e. they're buying on behalf of the Patels to vote in favour and take a $Xm backhander. My feeling is it's unlikely as the potential legal liability of doing such a thing would be huge. But I'm not sure if these are 'African' funds i.e. just as dodgy as the scumbags that hold positions of power across the continent.

Either way these Patels need to f@ck right off. Surely they must be breaking some sort of rules / laws in holding the sp to ransom like this...

Jesus the gold price keeps on running. Man I cannot stand these Patel f@cks. I'm almost expecting an explosion at the mine or something of the like to happen next. I do hope that once the funds have had their fill they start turning the screws on the Patels to put up or f@ck off. Absolute scumbags what they're trying to do. And to think the bod have gone along with them.

Good thing is the gold price is showing them up for who they are. The whole 'gold has peaked' rubbish they have promoted when SHGs CEO has been constantly saying that gold is going much higher is just one example. As if someone is going to put $175m into buying a miner of a commodity that has 'peaked'. The gold price is just reinforcing how ridiculous this bid happens to be, and how they're trying to steal the mines from under us after years of waiting to get to this point.

My biggest fear is whether any of these funds are acting in concert with our shyster bod and the Patels. Any thoughts on whether this is possible / probable?

One thing is for sure, the funds are still buying and it doesn't look as though they're ready to stop. They're picking up PI shares who are throwing in the towel. And if it's highly unlikely the funds are acting in concert with the Patels, then it's highly likely they're building a position to ensure a bigger number is agreed. Providing there is no shenanigans I think 15-16p at the very least is incoming. GLA

The funds by the way provide legal protection as they're not going to let a bunch of greasy little shysters like the Patels push them around. There's around $20m in new money from these guys and they're here for a quick 10-20%. Hold and let them do our bidding. In the meantime we can start applying pressure via regulatory bodies.

sorry guys but some of these tips are complete gambles versus here. hum is one of the biggest gambles on aim. the reason it bounces around is it's small, and it's a gamble, and aim 'investors' love a gamble. i'd suggest that anyone investing there go in with their eyes open to the history of that company. they have hardly ever hit guidance and every quarterly report is one shambles after another. dan betts is trust fund baby and perhaps the most incompetent ceo on aim. i wouldn't put my money in there even if things appear to be turning around. and you need to recognise they haven;t done anything yet - their original plans are nowhere being realised, quarters late, and they are burning through cash. the only reason this company is still alive is the gold price has saved it for years. oh, and then there's the ****show that is mali. people talk about country risk in tanz, which is lightyears away from a country with a military junta, islamist insurgency, and wagner being paid in commodities.

thor i believe another poster has summed up pretty well.

shg for those who are missing the story here has no debt, 2 x mines, and is throwing off $25m ebitda a quarter at the moment. it also has the highest grade +1moz tenement in africa (wk). it has huge exploration upside. and for $10m outlay they can add another $30m ebitda per year at current gold price. this will take 9 months to kick in.

now, there is an offer on the table that got smoked by investors. plus there are new funds that have invested heavily, and continuing to do so, so safety amongst the big boys. there's three options:

1. saturn up their bid to more than 15p. i think it will be more like 16p to get the funds over the line. i also imagine a lot of pis will join the bandwagon at that level, myself included and i own roughly 0.6% of the company.

2. counter-bid. this will almost certainly be +16p and i'd say up to 18p.

3. saturn bid is removed and we push up to 15p, which is the minimum value for a company with our reserves, near term production upside, zero debt, and throwing off 2p per quarter in ebitda.

so not sure what some posters are talking about. and those other goldies mentioned are seriously rainbows. i've made around £25k trading hum twice after it was smashed by reality and then built up by dan betts bull**** and aim investors piling back in. this is another time to jump in, but if you're willing to do this i'd strongly suggest you sell before news. there's many years of disappointment in that company. it's an absolute mess, in one of the most unstable areas on earth, with $150m of debt on its books. barge pole comes to mind. gla

Nice to be back, although at a much lower level. Providing the Patel shysters over at SHG make a reasonable offer over the next few weeks I could be back for quite a few. GLA

Tony, I think you've listed two things that imo drive the value difference between us and Pine - mgt and Canada listing. The latter is where I think the majority of value discrepancy lies. A third thing is 'trust', I think PIs have been unpleasantly surprised is some pretty big ways with i3e to the extent that good news is often over-looked. I think an asset sale is a great idea. The issue though is I have a sneaking suspicion it will be used to fund another Nth Sea adventure rather than Canada. Could be wrong. I'm back to 1m shares here at 9p average. Hopefully SHG is going to pay back in the coming weeks and I'll pick up some more. GLA

I'm wondering if they're waiting for the start of the sp rise from the Selene drill before they do a raise. Happy for them to do this as I think it's far better to own a bigger part of Penascola then give up another 5-10% to some other entity for a measly $15m drill cost. Would only make sense if the farminee cover a big chunk of development costs should the appraisal be significant. But I'd rather us do a raise then farm down from a position of strength. Thsi will increase, that;s for sure.

Here's a new thread for us to start collecting details to send emails. Anyone who wants to add a contact please do so. I'm getting shafted at work but happy to draft some notes (long and short) for us to start firing off to everyone who is NOT looking after the interests of shareholders on the weekend. There's dozens of us, and if we use this to start harassing regulatory bodies and those who are meant to be stopping this sort of behaviour then we may get somewhere. A nice article being listed will most certainly help to put pressure on these shysters.

The objective is to get the BoD and NEDs to insist that Saturn either improve their offer for the next court date hearing, or withdraw it immediately. Suggestion is we flood the following accounts / people:

- SHG X / Twitter / Facebook accounts

- NEDs if they have profiles online.

- Aim regulation.

- Nomads

- News and investor sites, plus any publication likely to pick up our story.

Let's get a list together of contacts in the same way as kadavul pulled together our votes. Once we have it I'll outline some messages to be forwarded from every email and social account we possess. Anyone who has some knowledge of legalities please also add to the thread so we can include in emails to Aim regulation, Nomads and NEDs. Time for us to start getting tougher. We may even get lucky and one of the new funds engages a law firm to put pressure on these guys. Let's get ready to start hitting them.

fellas, we've banded together on seeing off this bid. time to do so again, because this is outright disgusting what's happening. the bod and neds are not acting in the interest of shareholders by allowing them to hold the sp to ransom. they should insist that saturn either improve their offer for the next court date hearing, or withdraw it immediately.

i suggest we flood the following accounts / people:

- x / twitter / facebook accounts of shg

- neds if they have profiles online.

- aim regulation.

- nomads

- news and investor sites, any publication likely to pick up our story.

let's get a list together of the above in the same way as kadavul pulled together our votes. once we have it we can outline some messages to be forwarded from every email and social account we possess. time for these slimy f@cks to start feeling some proper heat. they either come back with an improved bid or we start letting the world know the whole ****ty backstory and what they've tried to do with this company. the level of stink here is extraordinary, from a director trying to steal the company, to the bod supporting them, to the pressure they have applied to shareholders and ridiculous stories they have propagated through official company channels and rns's. it's quite simply appalling behaviour that we have witnessed.