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December 20 2023:
The Shanta Shares owned or controlled by Export Holdings, a company associated with the UBOs,
including Ketan Patel (being 44,488,248 Shanta Shares as at the close of business on the Latest
Practicable Date) will not constitute Scheme Shares. The Shanta Shares owned or controlled by
any Bidco Connected Individual (being, in aggregate, 363,448 Shanta Shares as at the close of
business on the Latest Practicable Date) will constitute Scheme Shares.
I think the larger shareholders already know whats going on behind the scenes .. we small shareholders are completly irrelevant ... simply unimportant ... i would do the same as a CEO .. why talk to the small fishes?
This said ... we all know West Kenia alone is worth current marketcap without further resource-upgrades ... the 2 mines + the free cashflow you get as a bonus ... i strongly hope there will be a better offer in the coming 2-3 weeks
Https://www.shantagold.com/_resources/Singida%20Five-Year%20Plan%20Presentation%203%20July%202023.pdf
...AISC will go down significantly in 2025 (page 11) ...
December 21 2023.....
https://uk.marketscreener.com/quote/stock/SHANTA-GOLD-LIMITED-4005388/news/Shanta-Gold-latest-company-to-leave-London-s-markets-after-142-buyout-45613976/
Thor
Accounts payable and accrued liabilities 69,964,009
Loans and borrowings 23,757,835
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Total current liabilities 109,222,058
Cash 8,264,796
with a good gold price they will pay down the debt over the next 3 years and after this time the mine is near end of minelife ... i don't thnk this is a super investment .......anyway, i will not buy it.. i have others at my watchlist