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Normal yardstick for an initial offer for a takeover is two and a bit times existing SP.

20p bid would mean that if accepted Shanta would be sold for a song.

Owners of a private company without a large shareholder base would make an absolute fortune out of Shanta if they tipped their hat in the ring.

A takeover approach seems an ever increasing probability as long as the shareprice continues to languish within the current range.

The constant share selling should dry up soon as unless any owner of shares here has to sell then its plain to see that for one reason or another the only way for the SP to go is up near, medium and long term.

Interesting times ahead imo.

It seems the retracing shareprice is due to an enforced seller unloading their stock.

A double edged sword as at anywhere the near current SP level a takeover lock stock and barrel looks increasinglyon the cards.

A very interesting couple of months awaits.

Had many conversations with thoth on here over the years.

Reckon his post on the breakdown of the pharma deals that had been done leading to the 28p valuation was one of the best posts ever on here.

Rest in peace Andy

Imo better to get rid of the debt rather than increasing the dividend.

At the current SP this must be the best value gold share om AIM.

Must be ripe for a takeover.

Considering the assets Shanta have at their disposal that will be turned into revenue if the SP was 25p the MCap would still be greatly undervalued.

Should be an interesting couple of months.

Odds on for a takeover here later this year imo.

If the constant stream of sells continue to hold back the SP then one of the previous interested parties or the likes of Barrack that have said they are in the marker for acquisitions will be imo more than happy to put in bids beginning at 20p plus for Shanta lock stock and barrel.

An increased resource update from West Kenya which is on the cards after thenext round of drilling results could well be the catalyst to get the ball rolling.

The share price here at the moment is far too cheap considering the current fundamentals and the fact that the greatly increased revenue Is about to be used to blast away the debt.

Interesting times ahead.

Well done the bod.
Great stuff

Tee Hee fearg
You sound like you have been drinking Potcheen at Finnegans Wake

Could be sooner rather than later if the SP remains around these levels.
Fingers crossed.

Here's hoping April will be a transformational month for the SP here with some news on 737 which will start the ball rolling.
The longer we go without any news here the more the shareprice will dribble back.

The serial seller seems to be still reducing their holding here , possibly Concord .
The continual flow of large sales continues to hold down the SP here when on fundamentals it should be much higher.
A great price to buy in and if the share price stays around the same level for much longer there is every chance imo that in the short term a predator will make a bid.
If the price of gold continues to rise then imo for sure the SP is primed for a big hike.
Seat belts on here and strapped in for take off sooner rather than later I would have thought.

Imo a bit of a lament
On the first morning when you can purchase shares for the next tax years ISA those dastardly MMs usually open the SP a fair bit higher so its going to cost you more to buy than the night before. Then at sometime will come the point that they quickly drop the SP back again sand widen the spread to stop any decentprofit taking .
It's a hard game battling through with AIM shares.
Balls of steel are always the order of the day.

Best wishes to you and yours potnak in the hardest of times.

The glass will soon be overflowing
First production at Singida with the SP rising as a result with the upward momentum continued as the Dollars start rolling in and underpinned and strengthened by additional positive resource updates and new finds from the exploration at West Kenya.
Coupled with the current and predicted increased price of gold.
Being at the right place at the right time comes to mind.

Whenever there is news of any sort here boycey the same suspects always post negative comments whatever the content of the RNS is.
You could write down a list of half a dozen or so posters before an update and be sure that they would pop up with a negative slant shortly after the news rolls off the press.

Same as you silver
Made much more than a few quid out of these after being invested for a very long time.
Best ever return on a shares investment.
But would now very much like to see imminently a decent spike in the SP that would tempt me to sell out what shares I have left here which is still a very decent holding.
Reckon there are a few others on the same page.

Cash is King on AIM
Once the impending production at Singida commences the SP should act accordingly.
Good double edge sword if it doesn't.
If the SP stays within the current range Shanta will look an even more tasty morsel for a takeover, which is on the cards anyway.
Due to numerous factors the only way for the SP to go imo is up from here.
How far up is the question?.

Hi potnak
As far as negative posters go I agree there is a place on the bb for every opinion.
My only gripe with some is that it's not what they say but the way that they say it.
Sometimes it been difficult to separate the genuine negative view on here from that of the serial mischief maker.
It's certainly frustrating to see yet again the weeks trickle by without a timely update.
But most lths are aware that the current SP is irrelevant in the whole scheme of things as a positive update will result in the share price rising immediately to a much higher level.
As always plenty of promise from behind the scenes, whether that promise will turn into something concrete is the gamble everyone who is invested here must be prepared to take.
ATB.

Cash is King on AIM
Once Singida starts to produce and the debt gets eaten away the SP here should react accordingly.
Could soon be an SP at around the 13p to 14p mark.
Ripe for a takeover as the company seems to be at the right price at the right time.
20p for starters re a maiden bid imo is a good possibility .

We need news to avoid the normal drift down during quiet periods.
If you are a lth here there is little relevance if the SP goes up a bit or down a bit before something substantial rolls off the press.

The Shanta SP is due for a significant rerate.
Very low MCap considering the money that is almost ready to head into the coffers
Great Prospects mean nothing to Mr Market Maker but a steady increase in revenue and a guaranteed increasing income stream will be enough to make him raise his head.