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Https://www.londonstockexchange.com/news-article/SHG/form-8-3-shg-ln/16351640
Sand Grove Capital Management LLP 39,650,000 3.77% 26th Feb 2024
https://shantagold.com/investors/stock-share-information/
Sand Grove Capital Management LLP 44,090,000 4.2% 1st March 2024
SAMSON ROCK CAPITAL LLP bought 625k at 13.5p on Friday - now up to 4.64%
Decagon Asset Management LLP also bought 625k at 13.5p on Friday - now up to 2.108%
https://www.londonstockexchange.com/news-article/market-news/form-8-3-shanta-gold-ltd/16371327
https://www.londonstockexchange.com/news-article/market-news/form-8-3-shanta-gold-ltd/16371544
posting again, as a gremlin has removed the caps in my 17:48 posting!
interesting to see if it does go above 13.5p to buy during the coming week, even if there is no improved offer. some potential buyers of shg shares may be of the opinion that there is very little chance of the 13.5p bid ever being voted through and also of the opinion that the sp will rise well above 13.5p if the patels pull out completely. as a result they may well be prepared to buy above 13.5p in the coming week. the company has so much going for it, especially with the price of gold where it currently is and where it is likely to move to in the near future, that it is certainly worth well in excess of 13.5pps currently.
https://shantagold.com/investors/takeover-offer/documents/ see pages 17-19 of the scheme document for the very weak arguments for the 13.5p bid. reasons for judging the case put forward on those pages to be of little merit have been well rehe****d on this bulletin board, including the sp being held back by a known, forced seller. in those pages, the problem of illiquidity is mentioned. however the company may well now in a sufficiently strong position for any significant holder who wants out to do so via a seconday placing at around 13p.
interesting to see if it does go above 13.5p to buy during the coming week, even if there is no improved offer. some potential buyers of shg shares may be of the opinion that there is very little chance of the 13.5p bid ever being voted through and also of the opinion that the sp will rise well above 13.5p if the patels pull out completely. as a result they may well be prepared to buy above 13.5p in the coming week. the company has so much going for it, especially with the price of gold where it currently is and where it is likely to move to in the near future, that it is certainly worth well in excess of 13.5pps currently.
https://shantagold.com/investors/takeover-offer/documents/ see pages 17-19 of the scheme document for the very weak arguments for the 13.5p bid. reasons for judging the case put forward on those pages to be of little merit have been well rehe****d on this bulletin board, including the sp being held back by a known, forced seller. in those pages, the problem of illiquidity is mentioned. however the company may well now in a sufficiently strong postion for any significant holder who wants out to do so via a seconday placing at around 13p.
Also worth emphasising:
"The quantity of titanite within the tested samples averaged approximately 20% of the rock mass; this level of titanite concentration is extraordinary as titanite is usually an accessory mineral and rarely gets above 1-2% of the rock mass."
https://www.londonstockexchange.com/news-article/EEE/favourable-metallurgical-characteristics-confirmed/16361319
Thanks Bazzaman - very useful to see the Fairmed exit is likely to generate IRR in the high teens. That was not clear to me from yesterdays's RNS.
Fabrikat exit at IRR 36% looks to be their 2nd highest exit IRR - see slide 14 of https://dukecapital.com/wp-content/uploads/2024/02/Duke-Investor-Deck-February-2024-vCirc.pdf
An alternative reading of the RNS
https://www.londonstockexchange.com/news-article/EEE/favourable-metallurgical-characteristics-confirmed/16361319
“Titanite, a calcium titanium silicate, is confirmed as the most abundant Ti-bearing mineral, ….making up around 20% of the potential Pitfield ore by mass.”
Titanite is CaTiSiO5 formula weight 198
TiO2 formula weight 80
80 is 40% of 198 so TiO2 makes up 40% of around 20% of the potential Pitfield ore by mass.
So TiO2 makes around 8% by mass of the potential Pitfield ore by mass
Sand Grove Capital Management LLP
Up from 4.23% to 4.40% yesterday
https://www.londonstockexchange.com/news-article/SHG/form-8-3-shg-ln/16365264
Decagon Asset Management LLP
Up from 1.9245% to 2.0433% yesterday
https://www.londonstockexchange.com/news-article/market-news/form-8-3-shanta-gold-ltd/16364682
Here is another Sand Grove 8.3
https://www.londonstockexchange.com/news-article/SHG/form-8-3-shg-ln/16345333
up to 3.17% on the 21st Feb.
Use https://www.londonstockexchange.com/stock/SHG/shanta-gold-limited/analysis for all those 8.3s
Sandgrove Capital now has a total of 44,090,000 shares - they bought another 4,440,000 on Thursday
Https://www.fca.org.uk/markets/primary-markets/contact/complaint-against-issuer
Anything on the page via the above link that you could use to lodge you complaint CeeD?
TORONTO, ONTARIO - January 29, 2024 - Amaroq Minerals Ltd. (AIM, TSXV, NASDAQ Iceland: AMRQ), an independent mine development corporation with a substantial land package of gold and strategic mineral assets across in Southern Greenland, is pleased to announce a significant new Ni-Cu discovery at its Stendalen Project.
https://www.londonstockexchange.com/news-article/AMRQ/significant-nickel-copper-discovery-at-stendalen/16354156
You beat me to an answer TIGGRRR - but here is my two penny worth:
The untested conductive anomaly extends through the GMET claims Kibby north and Kibby south (3:10 in the video).
KB2-02 was drilled about 250m from the GMET Kibby south boundary (5:30 in the video).
This hole intersected 170m of lithium rich clay and also lithium brine but it did not go as deep as the conductive anomaly - (c5:10 in the video).
The section AA' shown in figure 3 is about 500m south of KB2-02 (8:00 in the video) . This section includes a very strong conductive anomaly that is very likely to be lithium brine, which, I assume, from what is said in the video, is of much higher concentration than the brine already intersected by KB'-02