George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
Dare I mention King World News?
India Creating Short Squeeze In The Silver Market
MASSIVE 3 YEAR CONSOLIDATION:
Silver’s Short-Term Breakout Target = $40
https://kingworldnews.com/india-creating-short-squeeze-in-the-silver-market-and-look-at-gold/
Dare I mention King World News?
India Creating Short Squeeze In The Silver Market
MASSIVE 3 YEAR CONSOLIDATION:
Silver’s Short-Term Breakout Target = $40
https://kingworldnews.com/india-creating-short-squeeze-in-the-silver-market-and-look-at-gold/
(3)A person who is guilty of fraud is liable—
(a)on summary conviction, to imprisonment for a term not exceeding [F1the general limit in a magistrates’ court] or to a fine not exceeding the statutory maximum (or to both);
(b)on conviction on indictment, to imprisonment for a term not exceeding 10 years or to a fine (or to both).
https://www.legislation.gov.uk/ukpga/2006/35/section/1
Other than reading the hearsay on this board, I have no information about any brokers calling for a vote, so I am not referring to any broker or any allegations. I am speaking about a hypothetical situation - could this law apply to any attempt to interfere in the vote?
Fraud Act 2006
"4 Fraud by abuse of position
(1)A person is in breach of this section if he—
(a)occupies a position in which he is expected to safeguard, or not to act against, the financial interests of another person,
(b)dishonestly abuses that position, and
(c)intends, by means of the abuse of that position—
(i)to make a gain for himself or another, or
(ii)to cause loss to another or to expose another to a risk of loss.
(2)A person may be regarded as having abused his position even though his conduct consisted of an omission rather than an act."
https://www.legislation.gov.uk/ukpga/2006/35/contents
If big funds are buying in now, is that because they have only now spotted the opportunity or did they realise weeks ago that if they adopted the right strategy, they could force this situation? They pulled off a bit of a coup?
Thanks for that 1755.
As powerful as it gets -
https://s43022.pcdn.co/wp-content/uploads/2024/03/King-World-News-Ala-V-392024.jpg
TT said, " Well it certainly could if gold just keeps going up" - as powerful as it gets -
https://s43022.pcdn.co/wp-content/uploads/2024/03/King-World-News-Ala-V-392024.jpg
Whoops - forget that note - "At about half way through" - that shouldn't have been there. It was from a note I made to remind myself to watch that bit again.
Yes, I was just watching this - a great interview with a man who is giant in PM mining
"Unprecedented Discrepancy Between Gold Prices and Equity Valuations - Ross Beaty" - this is the man who founded Pan American Silver. Listen to what he says about the share prices lagging the gold price - he has never seen anything like it. At about half way through
https://www.youtube.com/watch?v=OT66D031p_g
There is bound to be a correction. Don't be disheartened by a correction of say 3%. It doesn't mean the good times are over. (good times so long as you aren't in SHG)
Now $2,193. A weekly close above $2,200 is on the cards.
The gold price is going vertical.
Could Michael Oliver be proved right? Did he mean 60 days from when the breakout happens rather than 60 days from the date of that article?
"Michael Oliver – Gold Price To Explode $600 Higher In 60 Days"
https://kingworldnews.com/michael-oliver-gold-price-will-explode-to-2550-2600-in-two-months/
This is more recent -
Michael Oliver: Gold & Silver Go Vertical When This Indicator Breaks Trend
https://www.youtube.com/watch?v=W5gFfPdrO2c
And with gold at $2,165 and still going up, the market cap is even greater. If they get SHG for 13.5p then we have been utterly robbed, cheated, but there will be no ITV drama to let the public know about it and cause an outcry for justice
Whoops, sorry Lids, I was reading your post and saw "confident that 2108 usd is going to be achieved" but I didn't notice the headline of 2208, so 2108 was probably a typing error.
A "market sniper" eh? KWN went one better with "a legend known for his deadly accurate forecasts" and he tipped gold to jump $600 in 60 days. That puts it at about $2,600. It's going to happen, I know because KWN said so :-)
Currently at $2,145
I don't believe it - King World News got something right - they said if it can close above $2,082 then it was likely to jump to $2,143.
Thanks for the replies. Like you Nigelbonger, that's how I feel too. The bidders for SHG offered a price based on the value of the company before the gold price took off, and they are going to get all the gains from the rising gold price. I am sitting here watching someone else take the gains that are rightfully mine \ we are watching someone else take the gains that are rightfully ours, and I'm angry at being robbed.
Last year when the new mine turned into a revenue earner I thought the good times were here and they were - but we've been cheated out of our just rewards.
Thank you pacifico.
I've held on in the hope of a rival bid, but with the rocketing gold price, I've come to realise that I might miss out \ probably will miss out on big rises elsewhere, so thank you for your tips.
Just before I take the plunge and sell some of my SHG holding, have you totally given up on the hope of a rival bid popping up that will reflect the true value of SHG with the gold at, or above, $2,100? I've been hoping for one to come along at 20p, but I'm a dreamer.
Thanks.
I looked at the Offer Document and something caught my eye that I thought was worth mentioning. I was reading the hard copy, so I wanted to find it in the online document so that I could copy and paste it, but on the Shanta site, there are several declarations to be made before you can read it and one of them worried me - "I agree that I will not copy, forward, transfer or distribute (by any means including by electronic transmission) any documents included in the Microsite either in whole or in part to any person in any jurisdiction where such distribution may be restricted by applicable law or regulation.".
So I daren't paste it.
It is probably is not important so that has probably saved you from having your time wasted by my waffle but I think am able to say that my point concerned something on Page 44 (hard copy) and that I believe (well actually it is pretty obvious) that the increased gold price is a change that might reasonably be expected to result in a change in the financial and trading position of Shanta.