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Noel you obviously have an agenda here with the negativity. 10 bagger I agree is silly. But this could have reached 15p this week. Alas gold has dipped but anything circa $2000 makes Shanta very undervalued at its current SP.
RE: old broker note but back on track ash-8 Egypt 6p alone14 Apr 2023 08:47
I've been following lots of recent AIM stocks that have done a 100% increase in a matter of days. Using Fib they tend to drift down to the 30% level before bouncing. The method has proved effective recently. Apologies if you bought high but those days of 300% rises have long gone. You have to play a different game now to maximise profits
It does underpin the SP as 18p being rock bottom I'd say so onwards and upwards from here. The other company wouldn't be buying if there was risk. It feels more like MBU need the cash. Remember they aren't selling the lot
Feels like manipulation to keep SP down so they can do there 18p deal. This is a big positive though. MBU not holding the majority share is great news. Plus now this is announced we can see the SP climb to more realistic levels. Plus less chance of MBU dumping shed loads of shares as the SP increases
Gold $2043 as we speak. Last time it was at that level SHG were at 20p. We now have 45% increased production. Plus incredible results from West Kenya. This should really be trading 25-30p Expect fireworks again today