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Sorry to see you missed out buying below 500. Better get in now before it hits 600, on its way to 1000 (again). Central banks are in a bind, they can't do what they need to do to control inflation without triggering a disastrous financial crisis, such is the scale of global indebtedness. Plus silver demand is set to climb through the roof. It's a combination set to power silver miners for several years now.
Better late than never.
I agree G_G_G, but I wouldn't be surprised if other interests aren't also eyeing SHG at this price, now that the greasy shysters as you say have failed. Quite apart from the large western miners, I'd be surprised if the Chinese aren't having a second look at SHG, given the current gold spot price. They were keen not long ago at a lower gold price, so they must be clearly aware of SHG's value. Worldwide it's currently the Chinese who are the most active buyers of gold bullion. The Chinese government is printing billions hand over fist to rescue its property companies, so what's a few million to buy a sound, highly productive gold miner?
It seems pretty evident from SP movements that the Patel's scheme for a 13.5p buyout has failed. So well done to all holders here who held their nerve, no doubt helped by large institutional holders who can see perfectly well what's going on and what fantastic value there is in these shares at this price with gold now solidly over $2,000 and rising. IMO the Patels got caught out by an unrealistically low offer. I now expect a sharp jump up to 18p or more and am happy to hold to wait for it. There's more potential for a big jump up here than in any other gold miner I'm aware of.
Advice welcome please: are any of you holding your SHG shares with Interactive Investor? If so, have you received your invitation to vote on the offer? I've received nothing from Interactive Investor to date so am interested to know if others have. Thanks
The fact is that with the very recent (and continued) rise in the gold price, other options i.e. other comparable junior gold miners have already jumped in price. That same potential jump up in the Shanta share price has yet to happen of course, and is now an increasingly large jump which must be focusing the attention of a lot of majors on the huge undervaluation of Shanta. It's interesting that Ruffer is buying Shanta now. They're no fools. I expect a counter offer at 16p or more in the new year.
Surely it's likely that a few institutional investors are selling some of their holdings in order to realise gains for their books for the year now, knowing that the price isn't likely to head over 13.5p before the end of the year. Hence, enough selling pressure to temporarily keep the price hovering at around 13.0p. A great opportunity for retail investors to lock in an approximate 5% gain (including divi) with potential for real upside if a new bidder comes along.
Bitcoin and gold are incomparable, though many obviously try to link the two, very wrongly labelling Bitcoin 'digital gold'. Gold's physicality and historical record couldn't contrast more sharply with Bitcoin's nature as a digital invention and Bitcoin's lack of record as as a store of value over the long term. Besides, anyone at any moment could create yet another cryptocurrency superior to Bitcoin, and so on ad infinitum, and we all know what'll happen to Bitcoin when quantum computing develops sufficiently to crack blockchain. "Gold is money, everything else is credit" has never been truer, barbarous relic or not.
Kkkrrr, no-one can be sure of anything about markets, especially over the short term. But we know for a fact from all the evidence from the past century and more, that gold does very well when currencies aren't backed by any store of value and are abused through real or virtual 'money-printing', when there's geopolitical instability, when there's unsustainable, ballooning national debt, and when real interest rates are falling. The next couple of years are looking very VERY good for gold.
Exactly, in the short-medium term the downside in holding (or indeed in buying more as I have done today) is in fact a 5% gain while the upside remains effectively unlimited. Selling now is senseless, and if anything just rewards the BoD and their stitch-up.
I agree, what on earth are people rabbiting on about saying that their cash will be 'tied up'? Or that the price is likely to drop if the 'agreement' falls through? You have to wonder who they are or what their motives are. In actual fact, the SHG share price is likely to jump if the current stitch-up agreement fails because with the price of gold and whole gold sector steadily rising on the back of very strong secular trends, and Shanta already highly undervalued - as Patel and Co. must know. There's now a fair chance that Barrick or another major will come along with some spare change and snap up Shanta at this price. IMO.
Dave, it's extremely unlikely - if accepted by over 75% of shareholders - that this will take as many as 6 months. 2 or 3 is more likely. The longer the process, with gold continually riding higher and Shanta overflowing with cash, the more obviously it's being sold for far less than its fair value. It's ludicrous for Liberium to say it's a fair deal when their own price target was 32p.
Only fools are shorting gold in the current climate: massive geopolitical stresses across the world, China's vast property/debt bubble and numerous western countries with debt:GDP ratios now over 100 and climbing. Fiat currencies are afloat on an ocean of unsustainable debt. We're not in Kansas any more Toto.
Shanta offers amazing value, even if the gold price wasn't going anywhere. Right now it's a no-brainer.
Rish! truly is Inaction Man. We had the opportunity to place Britain at the vanguard of the Clean Energy Revolution, but as with '40 new hospitals', HS2 rail, Global Brexit Britain, repairing RAAC-affected schools etc. it's all just PR hot air for votes whenever needed. I'm amazed people still fall for it.