Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I'm overawed. Fascinating stuff. Impressive research. Thanks for sharing.
Many thanks TT for taking the time to spell out your take on SHG - all very heartening and confidence-restoring. I've been in Shanta for 6 years so I guess I might stick around a little longer!!
TT Doesn't it concern you that Barrick have sold their entire 6.44% holding in SHG, that Odey have disposed of 3.93% of their holding and long-time NED Robin Fryer has sold all his shares only a few weeks after buying into the October placing @ 16.5?
it does me.
(+12%)
Seems some folk have finally realised what a fantastic opportunity any sub 2p price is - now up to 1.9 ask 9+125) with HL
I hope you are right. Good luck to all who sail in her.
Lee, sorry to put a dampner on your irrepressible optimism, but why do you think our Q4 results will be "our best earnings to date"?
For the past month or so the Luzon area and the Philippines in general have been raked with typhoons, tropical storms and, most significantly for us, multiple and lengthy power cuts. The accompanying floods and landslides must have disrupted our production. However, nil desperandum, in the long run i agree with you. Chin up.
You ain't seen nothing yet, just wait for Q4 results= there'll be a sonic boom!
Many thanks LOLOL, I didn't realise that. That certainly puts my over-suspicious mind at rest.
I’m surprise that posters on this board assume that a re-listing is a done deal. IMO it is not. If the two major shareholders want to take this company private, and there is every indication that at least one of them does, then all they have to is to vote down resolution 4. I believe they hold the requisite number of shares to do so unless all PIs vote in favour of all four resolutions, which is why it is so important to instruct your brokers to act on your behalf..
Please remember: “…if resolution 4 is not passed at the AGM, the Proposed Debt Restructuring will not take place and the 2011 SHA will remain in place. In such circumstances, the Group would remain in default under its Senior Facility, would not have sufficient liquidity to fully repay the Senior Facility or the Mezzanine Debt and, as a result, admission of its shares to AIM is likely to be cancelled, which will, inter alia, significantly reduce the liquidity and marketability of its shares.”
The company's accounts up to the end of 2019 have been filed at Companies House today
'The Company currently expects to publish 2019 Annual Report and Accounts on 11 September 2020 and the notice of the forthcoming AGM, on 18 September 2020'
The key word in that sentence is 'expects', which doesn't mean it will do. I expect to retire a millionaire, but that doesn't mean I will do ;0)
Glad someone else thinks Les's time & effort is worthy of more than vocal thanks, but I would think posting details of his bank a/c on the internet is asking for trouble. We have his email address and can contact him through that when our funds become available in 4 or 5 week's time.
It will be important for us PIs to vote to accept the terms of the restructured debt proposal at the AGM, which I expect will be sometime in the first half of October - we cannot just sit back and assume it will be passed, so instruct your broker that you want to vote in favour of the resolution.
While truly thankful to Les, I think he deserves more than just vocal thanks for the immense amount of time, and no doubt considerable expense, he has spent on preventing us from being totally shafted by the major shareholders. What about a small contribution of, say, 1% of our holdings as a meaningful 'thank you'?
Encouraging if true Lolol, but what's your source?
" ...that is hugely detrimental to the minority shareholders for many many reasons as the major shareholders can more or less do as they please"
With respect 50, I would have thought that is exactly what the major shareholders have been doing over the last six months - shame on them.
I see from my HL account that details of my holdings in MTL have been removed today and replaced with n/a, which would imply that the company has already been delisted. I have left a message with them querying the change, but don't expect a reply until next week.
Eurasia Mining has just returned from a suspension in trading which was much longer than ours. It has now launched a sales process under the Takeover Code and its sp is up 84%. Might the same happen here when sanity returns to them that matter?
+16% is an even better sign ;0)