Member Info for Kat-079

II have just paid the Dividend into my account.

Nothing yet. Based on timetable expecting payment on 24th May.

Jeez, the brass neck of this back-stabbing scumbag to post that. Does he have no self awareness of the dreadful way he has treated the shareholders and the pretty much universal contempt he is held by everyone apart from his sycophantic mates on LinkedIn. Forget you Zurrin.

"Do not go gentle into that good night.

Rage, rage against the dying of the light."

Good luck with your new picks MattyBoy. Lets hope that slimy EZ and Patel get what's coming to them. Like you I'll be avoiding anything to do with Indians. For myself, I'm a late mover into SRB and THX which both have good long-term growth potential.

Thanks. I will bow to your superior wisdom in these matters. I can see that the share buy back is as good as or better than cancelling if the share options & bonuses would have been paid out at the same level anyway. Guess I'm too used to greedy AIM boards just using it as an excuse to give themselves even bigger payoffs.

Share buybacks are fine for LTI if the shares ae being cancelled. Is that true here? Not so great if they are being held in treasury to be distributed for employee share options or for executive bonuses. Personally would have preferred an increased dividend or let the SP drift a bit longer so we could buy cheaper shares ourselves.

Where's the missing 60koz Eric? Stockpile at Singuida no longer included this year? NLGM's lost reserves?

Wh

So after all that drilling since last year we have nothing to add in WK and somehow managed to mine 103koz from the NLGM and 62koz from Singuida. I mean WTF are these $h1ts playing at.

Good luck with that. As soon as I see that much debt to equity ratio I run a mile. Still, I wouldn't be surprised if you couldn't multi-bag given how far it's fallen. Too much risk for me.

Anyway, my point was about some Mail hack stating that momentum was gathering because ETC has increased their $h1tty offer by 10%. With gold miners typically leveraged at x3 to x5 POG we should see a better uplift than 10%. So momentum should be gathering for the takeover to fail. I for one will be interested to see which funds end up getting a stake in SHG if it succeeds.

You're quite right, nobody knows the POG in the future. However, that's no reason to accept a lowball offer that is patently undervaluing SHG given the current POG and our projected AISC for 2024.

Long term it comes down to whether you believe Mr Patel is correct and POG has peaked or it is going to increase. If I'd believed the former I wouldn't have been investing in gold miners in the first place. About this time last year Eric Zurrin stated he thought POG was going over $8000 per oz. Hmmm, guess he's changed mind then.

I don't see why some hack from the Mail would have any more info than the rest of us. "Momentum building" for a successful vote just because ETC have increased their Cr@ppy offer by 10%? Gold has increased by over 10% since December which, if sustained, should equate to something like a 30% increase in profits for SHG, or in SP terms an offer of about 18p. If this does go through the funds that support the take out need to be investigated.

"Why are they saying 'take no action' when we are clearly being asked to vote again?"

From the company that told us POG has peaked, employs a broker that cuts its valuation by over 55% overnight and is doing this TO for the benefit of stakeholders as opposed to share-holders, I think we can safely ignore any voting advice that comes from the Shanta BOD. No doubt they have legally covered their a$$es with all the legal guidance they have bought.

Walkley. These scum are literally trying to take tens of thousands of pounds off us by acquiring Shanta below market value and gaslighting us at the same time. No way I am going to speak kindly of these $h1ts.

I have just sent an email off to my broker X-O Dealing to re-register my vote. In my case this is not a simple click on a web-site. The onus is on me to inform my brokers what is going on, how to proceed, and then pay them the appropriate fees. I wonder how many PI will be caught out by this?

The $h1tty Patels and our craven BOD lapdogs are certainly trying hard to steal the company.

Exactly what I was wondering G_G_G. It's clear that the grubby Patels are up to something otherwise the bid would have been dropped or increased. I was thinking they might keep playing for time by pushing the vote back repeatedly in the hope POG retraces. But what if they are instead planning to make "arrangements" with some of the new funds to get it over the line. What are the legal ramifications of this?

Two funds have already thrown their lot in for 13.5p when the price without the bid would surely be in the 14-15p range by now. Why would they persist and still be recommending the bid? Are they trying to make less money? The whole thing stinks.

The Patels might have to been able to swing the vote and get their grubby little hands on Shanta if they'd made the initial offer at 15p. That boat has sailed and serves them right for being so greedy. With POG at these levels fair price will have to be higher. Forget you Mr Patel.

Zooman: I'm with X-O Dealing which is also Jarvis. I was charged £20 + VAT. Half price, no idea why.

So, if understand you right, in Q4 our mining company will have spent about 22days just generating the profits which will be used to pay Eric a £1.1m bonus, provided he can help steal the company from us. Disgusting and shameful.