Member Info for Nigelbonger

I love how we are getting taken for a ride but also if we fight for this successfully we also have to pay for the privilege of them attempting to shaft us and all the fees covered for them getting advice on how to steal the company from shareholders. Truly the cherry here!

Im not taking away anything from the news, I have a (for myself) sizeable holding and it is more than welcomed. We all have our own criteria for investing and risk appetite, the news today isn't enough to get me to average down although it could very well be a/the catalyst for continuous positive news flows. I will be waiting and watching closely until I see something that makes me more comfortable to add more. But it at least has massively subdued the doubt in my investment over the last couple of months.

I would tend to agree with this, although its positive news its not solving the biggest question. Are we meeting targeted cashflow positive production and can we survive. i am way too exposed to this company already for the risk and will not be investing more until they can prove that fundamental point.

Just to confirm i have not made any transactions since my vote and in turn have not been asked to vote again.

Everyday they keep buying and selling shares, are they buying these and selling them directly to people that are backing their cause? are they allowed to do that? or are they just skimming money off the shares going up?

That would still be an insult 18p+ originally but 20p with the gold price trajectory.

Was just about to comment that too, looks like somethings about to materialise given the pace of the pricing increase from yesterday evening.

Really tempted to sell my VOD and by more shares to add pressure to this price... hard decisions ahaha

Essentially WK is a self funded potential major mining operation but again, with zero debt now they can easily borrow non dilutive debt to bring forward mine development also.. i am still perplexed there is no outside offers for this, maybe an upped bid might get a rival interest with gold prices like this its massively derisked WK operations.

The $100 usd/oz rise has increase profits by $2.5m a quarter, $10m annually. Also still waiting reserve and resource update and singida drilling update... by the timeline in the presentation all should of come out February and March.

Wait for Fed speak and JOLTs later. youll be telling us again about another high.

Sorry 1st**

FYI the $40/oz jump on the 4th was from 2.53 to 5.13pm on the back of disappointing US data, coincides with your quick reversal post at 4pm. i suspect its most likely that looking at time scales.

Gold also jumped 40 dollars/oz on the 1st. 4th another $30 USD/OZ and 5th broke its ATH. alot of the movement is related to the gold price.

The reality is a rival bid is just a gamble, you'll have to think about personally what you'd rather. Give up with a small profit and let some opportunist's take your shares and park your cash into another cheap valued gold stock that you can potentially earn alot of money in but maybe miss the shanta train if something does materialise, or. hold out for another offer which could come or fail either earning you alot of money, retaining ownership in the company or wasting your time... logically i would usually choose the former but i am the latter because its not about the money for me now, its about making Saturn not get away with this sleezy move.

Lower political risk you most likely want to look at the american or australian miners.. likes of Barrick, new mount, goldfields ect. or just take smaller holdings in the juniors and spread the geographic exposure that way?

Although i agree with you they will look at gold on a 90 or 180 day average for NPV. Short term gold wont really impact the valuation although i am of the mind that gold is going much higher in the next 12 months. And yes SHG is worth alot more!

In the half year results they spoke of development bank financing. looks like they have exhausted all avenues with that or we would have had an update around this. the fact they needed to raise $1m for working capital shows how close to the margins they are. i was so optimistic on this October to December last year, wow how things change.

I don't understand what's the downside of them walking away, given the upcoming news and the fact its kicking out near its Mcap in EBITDA i don't see risks but benefits from them not stealing it from me at 15p a share. especially with gold going in a certain direction.

Id of done the same if i wasnt as petty as I am... given the court news today ill hold off until there's an ultimatum offer or they walk away from SHG. GL all and will instead for now take a small holding with my salary for now to build slowly!