RE: Price Locked10 Mar 2024 17:52
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.