Member Info for LoggyLogbot

Hi Plode, last time you commented it was 5.85p.

Did you buy any?

Have both been creeping up by the day

It would be good to have someone who stays around for a bit.

At the moment its a bit like 'Have I got News for you' with a new guest presenter / ceo every so often.

Are those clouds the accumulus type?

BeBold, good find:

'Zurrin says that the Shanta board is "not about to sell out early at prices that don't reflect the right value for our shareholders"'

I think it must have been a typo, it should have been a 'w' not a 't':

Zurrin says that the Shanta board is "now about to sell out early at prices that don't reflect the right value for our shareholders

Likewise in wishing all a great Christmas & prosperous new year.

Signing out 'til 2024 with an anagram.

"Greatland Gold Ernest Giles"

=

"I see RNS: All gold grade ten g/t"

Just looked back in - so after some incorrect news, UFO are about 25% down?

I think that's how it looks to me.

My theory is that as shareholders sell, they are replaced by others who are picking up with an aim to hold for 13.5p.

With spread, there is only marginal chance on profit taking before then, so once in they're in for the long haul.

Does this mean that the share price should get tigher to the t/o price as time goes on as the sellers should gradually dry up?

From June, when the confidentiality agreement was signed, the SP has moved gradually & steadily from the 9s through to the 12s. I agree with the point that there is now a lid on the SP, but I disagree with the comment about "what was he supposed to do" - I feel it was creeping up gradually and tools such as announcing a special divi or small increases in divi would have kept edging the price upwards. It could have been higher than 13p today naturally, but we'll never know.

All eyes on the market now......

Noq = now!

Https://etcholdings.net/offer-for-shanta-gold/

Looks like it's working noq.

Confidentiality agreement was 29 June 23 - will read this in an hour or so when I get chance but must dash.

They also managed to chuck the bid in when the markets & businesses are winding down for a break, only three full trading days in the next fortnight.

ETC Holdings

https://etcholdings.net/

There is a box that says "Offer for Shanta Gold" but doesn't seem to go anywhere at the moment.

Maybe it's being updated

"The only acceptable explanation for today’s bid for Shanta by existing shareholders is that they are doing it to spark other bids at a higher level"

I thought that to start with but thinking further it doesn't make sense - any other potential suitor will just say that the NEDs thought it worth £142M so thus doesn't need to put in particularly much over that - 'cos the board can't argue its not enough!!!

If it materially affected UFO ( i.e. price sensitive information) it must be RNS'd as a disclosure obligation.

It's not been RNS'd so doesn't materially affect UFO.

Appears to me that they're so impressed with Shanta ( 2 x mines now 'printing' money ) that they fancy taking it in house for a measley £142M - not bad for a yearly churn out of 100,000oz @ 2K each !!!!

I suspect they could keep it a while and sell it on for even more.....

Disappointed with this valuation of SHG, fortunate to have a lower SP average which softens the blow.

The one thing that is great about the above for me is that I need some cash early next year ( known as the 'end of fixed mortgage' ) and I don't now have to sell any GGP which was looking likely.

The statement gave more of the type of information I've been waiting for - they are starting to pick up money from multiple revenue streams, and making progress on the one they invisage to be the most lucrative in the long run. Obviously the quicker these deals get put in place the better, but it's putting the pre-revenue stage firmly in the rear view mirror and the upside potential is excellent. Discussions over a second lithium plant too.

Gold having one of those spikey moments

Well done Mark. A lot of fort has gone into those.