Member Info for G_G_G

Gold confidently holding above $2k. Wonder how much cash we're going to generate in Q1 alone with an average around $2025. I also wonder what the f@ck they've been doing with drill results, reserves updates, new drilling campaigns etc. They've got a lot of news to release if this vote fails. Alternatively the greasy little scumbag Patels are going to need to make an improved offer quite quickly to try and stamp out a much bigger offer being needed in 3 months.

Not hard to imagine new Au highs being continually broken over the coming 18 months with interest rate cuts. Oh wait a minute the Patels said that gold has peaked. And there's lots of operational risk, they're going to sell down if they don't take control of the company etc. One could even say they're being charitable with their derisory $175m offer. Slimy little pr!cks.

cont.

following on from a 'no' vote the patels imo will come back with a higher offer, which will depend entirely on the level of those voting against. no doubt they will also engage other major shareholders who have joined the roster to understand what's required for their support, and will then submit a second and 'final' offer at a +x% premium to the original. i've indicated that 15p happens to be +10% exactly and have a feeling this is their next stop. i also believe many will be swayed by this level, even though its still a steal. any counter-bidder will take note of the failed offer and realise what's required for them to be successful. anything less than 18p for a mid sized player or major is a great deal. the deal would be paid off in less than 2.5 years at current gold prices, without any option value on wk. au is staying above $2k for the next 3 years, so the payback really isn't a problem.

and if the vote fails and the patels walk away, well we reached 13p before their derisory offer, and we're now printing cash. we also know how to quickly and cheaply scale production. and there will be a long list of things to be released in the coming weeks / months that will support the sp that have clearly been withheld. you may have some pis **** the bed and sell out, but bigger holders will hang about to see what comes next - higher offer or counter-bid. anything more than 13.65p gets automatic bod and some major shareholder support, so another 10% might be the amount that clinches it. funds etc are not going to run for the door and sell at a loss when they can wait and indicate what they want to another entity (or the patels). that's my read. i'm obviously biased with close to 6m shares, and i've decided to sit. gla

tony, glad that was your last msg on this board because it was absolute garbage. i'm annoyed to even be responding, but feel it necessary given the vote is in a matter of days and your de-ramping of late.

1. the bid of 14.85p was to indicate to all other counter-bidders not to come in with less than 10%. it wasn't about the patels walking away. they've made a low-ball bid that they feel might be able to get over the line and indicated the next level required for a counter. they're hardly going to keep their ****house 13.65p on the table if someone offers 14.85p now are they.

2. garbage. i encourage everyone on this forum to read about the recent state visit to norway - below is one article. doesn't read like a country that is going to steal a small miner that has been operating for over a decade in the country, paying taxes and employing a local workforce, for the sake of damaging tens of $billions of inward investment. there's a multi-billion dollar agreement for gas being inked with majors - you think they're going to risk it by doing something dodgy for a pair of slimy little indian (african) c@nts.

https://www.thecitizen.co.tz/tanzania/news/national/president-samia-invites-norwegian-investors-into-tanzania--4525504

3. old mines. you silly ****. one is completely new to begin with. and both have significant expansion opps. they're the whole reason why the patels want them on the cheap. kenya is worth nothing to our sp and they have no political sway in the country. they will sell wk to the highest bidder if this deal closes and end up with +100k oz at $1100 aisc. if they sell wk for $50m they will have all our production for $125m, which can be ramped up to 140k oz for another $10m investment.

4. gold price. well the patels and the bod said the gold price has peaked and you're quoting it being above $2k and they're somehow right on this. they're hardly going to say the opposite when recommending this f@cked offer now are they. what other great things have they said that you believe? the sky is falling? the earth is flat? do you understand anything about macro-economics? simple thing is the gold price is in a holding pattern until interest rates start to decline in 6-12 months. the fact it is holding above $2000 points to its underlying strength and the upside being significantly more than this number in the near term. and geo-politics is only going to provide upward pressure in this time. there's plenty of reasons why central banks are stocking up on gold at record levels. but no gold has peaked and its going to drop soon. oh and that just happens to be why the patels are going to drop $175m to buy us.

absolute rubbish tony. the only risk you should be mentioning in the event of this being voted down is the government and the patels trying to steal the company. and my points above support the view it would be unbelievably risky and stupid to try and do so.

Also don't see Kenya as being all that important. It's an asset that has no value ascribed to it in our sp. In the event of a t/o however it will no doubt get sold off for $50-75m and the Patels will be left with an annual USD$100m EBITDA from two producing mines. All for a final outlay of $100-125m depending on what they can get for WK. I wouldn't be surprised if they already have someone lined up for WK. Hence why I think they'll add another $20m and be done with it. They have influence with Tanz not Kenya, so can't see them holding onto WK. Sneaky little c@nts.

Publican, I must admit you got me thinking. Then I started to play through the scenarios.

1. The 13.65p t/o is approved. If this happens we all get an extra few % and get to exit near / at 13.65p.

2. The t/o is voted down. If this was to occur there's three outcomes from my pov.

A) The Patels walk away and the sp takes a 10-20% hit. They would also take a few £m hit, and our bod would take a massive hit to their credibility. I don't see the % drop being much more than this as I don't see new funds running for the door as they have far too many shares to offload, so the downside imo will be limited. So the sp drops by 10-20% but then I see it rebounding with all the other news that has been held up, alongside cash being generated every quarter, and a +$2k gold price.

B) The new funds and IIs indicate to the Patels what they will accept and a new offer is lodged. I imagine the Patels will only come back with an improved offer if they know what level will be acceptable by the big new holders. They will no doubt also sway a good % of the minimum 6% of PIs who have voted No as well. New offer then passes. Lowest value would be 15p imo, given they have indicated this is the next level required for a counter-bid (so likely what the Patels are willing to offer).

C) Counter bid lands before or after the vote. If voted down by a reasonable margin it will give any other suitor an idea of the bid required for it to be successful.

Given the above the only option that creates a problem is 2A, but then we're back to where we started except with more cash in the bank and a clear signal to the market on what's required for a t/o to be successful. Any other acquirer will also know the bod and some large shareholders will be supportive of their counter-bid. And, it's hardly possible for the Patels to say 'No' to 15p when they were happy to pay 13.65p (and not increase their bid). They've indicated it's either 'cash-out' or 't/o'. So the new acquirer would get the extra voting power of the Patels and effectively have over 1/3rd of votes in favour before needing some of the newer large holders to join. Either way I don't see 2A as too much of a problem. Understand your concerns, but the only major issue is with the Tanzanian Government trying to do something ultra dodgy, which would create a massive problem for inward investment to the country for years to come. I don't see them doing this for the benefit of some little shyster Indian c@nts. Besides I see those little shysters as coming back with 15p anyway. They're just trying their hand at the moment and desperate not to pay another $20m. I'm staying the course. AIMHO GLA

Genises, unfortunately the divi isn't guaranteed. I'm still waiting for shg t/o to close but if I feel confident of 1p then I'll certainly be back for some shares here.

Tony, form my last msg - could you help with some projections on 2024 NOI with the below figures:

- WTI average $75 and gas average CAD $1.75

- WTI average $70 and gas average CAD $1.50

Reckon the first is best case and the second is worst case commodity pricing for 2024. It will also provide some guidance on dividend coverage, loan payment coverage, and capex range. Would be good to know. Wonder what our debt situation is as well. We're currently paying down a facility that's not being used (as far as we know).

Publican, isn't it illegal for funds to be acting in concert with the Patels? I know this is Aim but surely any self respecting fund would want nothing to do with a bunch of African crooks, especially when they can squeeze another 10% out of them. I'm continuing to hold for the very same reasons you have outlined. I think 15p is their final offer and yesterday was a last throw at getting away 13.65p. After everything that has happened here I'd settle for 15p. It's still a steal but better to have the money in my pocket and nothing to do with these shysters then holding and wondering what next is going to happen. GLA

You're not invested here zeromates, you're just someone who has turned up with a new account and started talking b@llocks about this t/o. You are indeed a zero.

I also suspect this bid is going to fail as most of these funds are not dropping in for 3.5%. They're also not going to run for the hills and lose 20% when an enhanced or external bid is likely to happen. The Patels are getting desperate and trying to sway the vote so they avoid being in a position where they have to walk away losing a few million, or need to add another $20m to get the offer over the line. Reckon 15p would probably swing the funds and most PIs. Question is whether they're going to up their bid before the vote and save themselves and the bod a whole lot of embarrassment. Looking forward to next week already.

perhaps best to look at zero mates posting history. new member (7 weeks) who has posted only recently on shg after doing talking **** on rbd.

zero is just doing a little legwork for his masters.

someone mentioned earlier the sp will likely drop if the vote is unsuccessful due to having no ceo and our bod losing all credibility. to be honest i couldn't give two ****s right now if it drops 20% and we don't get back to current prices for 6 months. the only thing i care about is the greasy patels don't get their grubby little hands on this company. shareholders have invested to build this company over many years and they think it's fine to come in and steal it from under them just when returns are starting to grow. i don't think so. they either up their offer to something reasonable, or they blow a few million quid and miss out. and if they decide to dump on the market, then so be it. they lose again. this rns goes to show how desperate these dogs have become, and i for one am loving seeing the patels and our bod squirm. f@ck these guys.

These scumb@gs just get worse. And now it appears they're getting desperate. Classic dodgy African dealings. No matter how much money they have it goes to show they're truly lowly human beings. And what's worse is our bod are just as bad. Too much time operating in Africa has clearly made the stink as well.

Cadell, you need to keep in mind we have 3 approaches just over 12 months ago so don't be too surprised if the Chinese decide to get involved. For all we know they could be sitting behind the Patels with a 15p offer where those greasy c@nts flip the assets. If we can vote down then we can kill this derisory offer and any chance of them flipping the assets at a low ball price, if that's what they have lined up in the background. It's all so dodgy and under-handed that who knows what these shysters are up to. If we get +15p then I'll vote yes just to end the whole thing. I won't be happy, but at least I won't feel like I've been hogtied and bent over. Not long to go now. GLA

Tumbleweeds here.

Tony, wondering if you could help with some projections on 2024 NOI should:

- WTI average $75 and gas average CAD $1.75

- WTI average $70 and gas average CAD $1.50

Reckon the first is best case and the second is worst case commodity pricing for 2024. It will also provide some guidance on dividend coverage, loan payment coverage, and capex range.

You're a strange one Tornado and quite transparent. Tell me, do you have any shares left in SHG? Bottom line is we all get +3.5% in the event they manage to steal the company from under us. Other options are we get an improved offer or counter-offer. There will be no retreat to 11-12p. One of these things will happen especially give it's quite obvious the Patels have obviously lined themselves up to add 10% for a nice round 15p. It's really just a matter of when a better offer lands. Either way it will all be wrapped up in less than a month. GLA

Quite a few more million 'No' votes over the past 48 hours. Slowly getting up to 5% total. Agree I don't think the funds are in here for 3.5%. I could see them going for 13.5% if the Patel's reach out though. Also still time for a counter-offer to land. GLA

Quite shocking we haven't received the drilling results from last year. I'm also not holding my breath on the resources and reserves update from these shysters before the vote results as well. Disgusting how these guys are operating. Dropping an offer over Xmas, but also early enough to allow them to stall key value drivers, be it the gold price, drilling results, or R&R update. Anyone who hasn't voted yet then get a move on. You never know they may be getting a read from the brokers and be forced to up their offer. Either way they're not allowed to vote with their holdings so it's more like 20% that we need to vote it down. To have a quarter of those votes just from this bb is a very good start. GLA

Kadavul, thanks for your regular reminders. Publican and Tornado - you guys are a few millions votes that we need.

I'd say that comment is childish kkkrrr. Nobody knows this is going to fail, and +6% of 'No' votes is substantial for a bb alone. We only need a couple of funds e.g. Samson, and this will fail.

What's the recent update to loan covenants Tony?