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''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''.
Agreed G_G_G, but my concern is that those greasy Patel scumbags could use their contacts in the Tanzanian Government to fcuk us if they don't get their way.
African governments are as corrupt as fcuk and some governments have been known to 'Nationalise' (AKA steal!) profitable assets in the past (e.g. The Arusha Declaration proclaimed by President Julius Nyerere of Tanzania)
Still I too would rather lose the lot than let the Patels steal the company from under our noses 'for a song'!
Works for me bumdebum! Fingers crossed!
(Had a whippet called Misty as a child from when I was 8 years old until he had to be put to sleep when I was 24, best dog ever and still brings a tear to my eye whenever I see another whippet! 😢)
''I think Parker was very naive with this funding and probably did not assume RF would sell down and trash our SP so as to get their free top-ups at such low ball prices''
To be honest, if Parker didn't see foresee this as the potential risk it was then IMO he has no right holding the position he currently does, whilst drawing the £90k odd salary he gets!!!! 😡🤬🤬😡
''£40,000 down unfortunately''
''Hold my beer'' Shareworm2020, I'm down over £67,000 at COP today! 😒
''as they don't have millions to spend on promotion''.
You don't need 'millions', just a decent PR Exec that knows what the actual fcuk they are doing!!!
When I was a lowly Marketing Executive (for a Pension Provider many years ago in a previous life) single handed I managed to generate the equivalent of over £850k's worth of FREE advertising in a 12 month period with carefully written Press Releases sent out to targeted publications!
I would have thought that was what our IR hire was supposed to be doing, but obviously not!!!
''As this is a Scheme the Patels are not permitted to buy shares''
Unless they are using a Proxy to buy up shares on their behalf? 🤔
No way of knowing though. 😏
''surely this is where PR etc earn their money''
Doing just what exactly? 😒
They've done fcuk all so far from what I can see!!! 😡😡😡
(Remind me again what we pay them and why!?!?)
'GGP staff will be impacted by dilution themselves so I’m sure it’s something they want to avoid'.
The other thing I also want to avoid personally is CONSOLIDATION!!! 😒
''Not half as much as the CR-500 I used to race''.
You are a braver man than me SAS!
Did an E-Enduro day a coupe of summers ago now (Electric KTMs) and the guy who ran it used to be the Bultaco Factory's Test Rider.
He had mounted on the wall in his workshop an engine taken from a Bultaco 750cc 2 stroke Moto crosser that he was once testing for them! 😨😨
Moto-cross eh SAS?!
I did a day's Motor-cross course with The Barry Johnson Motor-cross School at Golding Barn Racetrack (in the summer of 1990 from memory) and suffered a nasty accident also!
They let me keep a piece of the broken frame as a souvenir after I had pranged it and funnily enough stopped using the Yamaha YZ250 (two stroke) as one of their 'student bikes' immediately afterwards!
(That bike couldn't half 'bite you' if you hit the power band at the wrong moment!!?? 🤣🤣)
''We will see very little of it''
Really rockie?!
Didn't SD already say that in the unlikely event of it happening it would be his preference to see some 90% of the sale price revenues returned to SHs as a 'special dividend'? (Or did I imagine it?) 🤔
''Well sisu only found out about the leak yesterday and he said the others will start hearing about it in the next couple of weeks!''
What have I missed Benrumpson1? 🤔
''If it's not up to date information, that's breaching the AIM Rules on transparency''
And....?
(It's not like the regulator is going to anything about it, as usual, is it?!!?)
Just received the following 'secure message' in my Hargreaves Lansdown ISA Inbox
''Dear XXXXXX
Saturn Resource Ltd, a wholly owned subsidiary of ETC Holdings Ltd, have made an offer to buy Shanta Gold for 13.5p in cash per share.
Shareholders will vote on the takeover at meetings on 29 February 2024.
If the takeover goes ahead, you’ll get £ 5,278.50 your 39,100 shares.
How to find out more and vote
You can vote on whether the scheme goes ahead online. If you're already logged in to your account, simply click here and select the 'give instruction' link next to the relevant shareholder meeting.
If you're not currently logged in, you'll need to follow the below steps first:
Log in online
Select ‘view shareholder meetings’ which you’ll find under the link to your secure messages
Click the ‘give instruction’ link next to the relevant shareholder meeting(s) and follow the instructions.
You’ll need to do this before 7pm on Monday 26 February 2024 so your vote can be passed onto the company before the shareholder meetings. If you’ve recently bought shares, it will take 2-3 days for you to be able to vote on these.
We’re not able to accept instructions through the HL app.
If approved, the offer will complete in the first half of 2024. The exact date hasn’t been set yet but we’ll contact you with an update following the vote.
This message is a summary of the Shanta Gold announcement. It is not personal advice. You can read the full announcement at the company website.
If you need any help, please contact us.
Yours sincerely
Rosie Hargrave
Corporate Actions''
Krustysmegma
Correct! My investment here was made from profits from some GGP shares that I sold at 18p in order to buy in here at near on the ATH and pre-consolidation (which I voted against!).
I have bought more since in order to average down to my current break even point of £2.58 odd per share (fat chance of that happening at the moment!?)
Thankfully still up some 550% odd with my remaining GGP holding (despite having lost over £600k in paper profit since the Dec 2019 ATH) and will have been invested over there for 10 years this summer (and thankfully with an average of 1.1p).
As I've said before it's a 'sh 1t or bust' play for me now with SAR, but I just wish something would happen soon whilst GGP's sp is so low, so I can sell up (even at a loss) and move the funds back into GGP so as to (hopefully) end up with more GGP shares than when I first sold to invest in SAR (as was always the plan).
Not holding my breath though for that anytime soon and concerning the current BOD it does appear that we are paying certain individuals a salary who are clearly not doing their job nor appear to be fit for purpose within that role!
Rayboy
I wish?!?!
£64,110 for me of real money not paper profit (84.48% down!!! 😒)
(Starting to wish I'd never heard of SAR!)
The science may very well be great but the clowns running it (Parker in particular) are most definitely not!!!!
We may very well have something fantastic, but if SAR run out of money then we're royally fooked!!! 😟
''The more we get the more likely Patel either ups his offer or f@cks off altogether''.
Let's hope so G_G_G!
(That greasy looking MOFO look like he belongs in a Rochdale Grooming Gang Police Investigation 'Line Up' rather than a Board Room! 🤔🤨)
@ bujler
SXX by any chance?
...82.54% down now!? (Oh Joy!)
just glad that the consolidation was such the roaring success in stabilising the sp that we were told it would be and that 'real ****' are really earning their fees! (not!!)
this really is 'sh 1t or bust' now imo! 😔