Member Info for Sastech

Shanta share price seems to be tracking the gold price.
I bought more SHG below 13 only about 3 weeks ago when gold dipped on vaccine news.

Shanta share price seems to be tracking the gold price.
I bought more SHG below 13 only about 3 weeks ago when gold dipped on vaccine news.

Shame the GoT didn't repay the VAT, then we wouldn't need the placing.

Could mean larger contracts:

People requiring A&E will be urged to book an appointment through NHS 111 under a trial in parts of England.
The aim is to direct patients to the most clinically-appropriate service and to help reduce pressure on emergency departments as staff battle winter pressures, such as coronavirus and flu.
The pilots are live in Cornwall, Portsmouth, Hampshire and Blackpool and have just begun in Warrington.
If they are successful, they could be rolled out to all trusts in December.

The webinar was very encouraging with genuine excitement coming through.
Key aspects:
1. A major US firm, (possibly Proctor and Gamble but he didn't disclose), confirmed stunning performance of in-content ads placed via Mirriad, which is making wider adoption much easier.
2. Covid means music artists are losing their major income from live gigs and their earnings from streaming platforms like Spotify are relatively small. Music videos accessed via YouTube get significantly larger viewing numbers than most other content, but the surrounding ads benefit the platform not the artists. The artists and their management companies are very keen to hear Mirriad's solution to these problems and widespread adoption is likely.
3. The Mirriad platform sits in a unique position where they take content and programmatically match appropriate ads based on sentiment within content and viewer's location etc. to create more impact.
4. Existing 19 patents and similar number pending.
5. Developing tech to speed up ad placement to be able to include in live events, which includes sport. This could be massive.
I now think Mirriad has crossed the risk line and the future is very bright. It could become a massive player if it doesn't get bought by a major player first.
There could still be another placing to provide funds to fully develop and scale, but it's unlikely to be at a big discount if it comes, so not too concerned.
Mirriad is an uncommon opportunity open to retail investors, normally Private Equity takes the big rise prior to IPO.

Just seen that 1m shares were bought at 17.56p valued at £175k timed at 10.13 but only showing here after hours.
A nice way to start the weekend for all Shanta longs.
GLA

Thanks for your considered response TBTT,
with Central Banks all operating the same strategy and in concert perhaps the debt could be managed, but there is the possibility that weaker economies get hit with inflation rising faster. I wonder where the UK sits in this hierarchy.
Like you, I am more heavily in cash than usual at the moment along with gold miners. Shanta being one of my largest, in which Odey Asset Management holds 18%, so if he goes soft on gold, that's a big wedge to offload onto the market.
I'm more of a longer-term holder, been in CEY since 2013, but it's increasingly difficult to know how to manage risk in these times. Some have chosen the likes of Bitcoin as a store of value, but if the Chinese unlock Quantum computing and can crack any security codes, rather than antagonise the world by hacking military codes, they might prefer a more benign show of power and crack Bitcoin. At least with gold you can touch it, bury it and dig it up later!

If, like me, you bought a house when mortgage interest rates were at 10-15%, you had to manage the interest payments whilst inflation gradually took care of the loan to value ratio of the principal asset. Whereas now, with interest rates so low, the temptation is to load up on cheap debt. The problem is that if inflation moves higher, the interest may become unaffordable before inflation has a chance to reduce the debt to manageable levels.
In which case, we get debt defaults. Whether at personal, business or government level.
So, can anyone explain how the current level of debt can possibly get inflated away at any speed whilst still being able to afford the interest payments?
Surely, the real problem is debt default and the dire implications on the banks and fiat currency.
Has anyone heard any of these MMT economists provide a credible solution?
If defaults keep interest rates pegged, then gold or similar will continue to shine and we are invested in the right place.

This released earlier by Reuters
https://www.reuters.com/article/us-health-coronavirus-flu/remember-the-flu-coronavirus-sent-it-into-hiding-but-at-a-cost-idUSKBN2221PG

Here's an extract:
“The flu season ended earlier than usual this year and this is probably due to the measures taken regarding SARS-CoV-2, such as social distancing and mask wearing,” Holger Rabenau, virologist at the Frankfurt University Hospital, told Reuters.
Although that is welcome, the dearth of cases could slow progress towards a vaccine for next season’s flu.

And we here all know the solution to that problem; hope CF is making it known to all the right people.

Barrick down 5% at the moment, so probably general rather than Centamin specific.
When to top up? This afternoon or wait until next week?

For some reason yesterday's RNS is not showing here, but it looks like good news, so not sure why the share price is dropping.
Quickline to Lead £6m Rural Superfast Mobile Project
Bigblu Broadband plc (AIM: BBB.L), a leading provider of alternative super-fast broadband services, announces that its subsidiary, Quickline Communications ("Quickline"), has been selected to lead a £6m project to boost rural connectivity in North Yorkshire.
The project will focus on bringing mobile connectivity to the County where 35% of the population currently has no 4G mobile coverage. It will also test how superfast mobile connectivity can benefit North Yorkshire in boosting tourism, tackling social isolation and acting as an early warning system for flooding emergencies.
Other partners with Quickline include a mix of specialist small to medium enterprises (SMEs) and the universities of York and Lancaster. The partnership has secured £4.5m of Government funding with a further £2m being added by the industry partners.
The project, which is a continuation of the technical partners' previous work with the 5G Rural Integrated Testbed project ("5GRIT"), will investigate how rural mobile connectivity can help eliminate the not-spots of North Yorkshire by developing new technologies, apps and services tailored for rural areas. It aims to understand how the public, private and community sectors can work together to reduce the cost of delivering mobile access in rural areas.
The project is supported by the Department of Digital, Culture, Media and Sports, as part of the 5G Rural Connected Communities Trials and Testbed programme. This £30m programme supports national projects to determine how best to use the 5G technology to deliver services across the entire nation.
Andrew Walwyn, CEO of Bigblu Broadband, commented: "This is great news for Quickline and we are delighted that it has been selected to lead such a prestigious project. As one of the UK's largest wireless internet service providers, Quickline continues to work closely with various Public Sector bodies and is focused on improving rural connectivity; its innovative solutions remain appealing to a growing number of regions."

Wondering why SHG isn't reacting to the higher price and many have commented already on the hedging aspect.
Just a thought, but in a couple of weeks, on the 12th March, the current 52 week low of 4.65 will jump to over 6 and then keep rising.
This might encourage more new investors who currently think this has already gone up nearly 3 times, not realising the regional political discount at the time, and so looking elsewhere for a perceived bigger gain.
When it becomes 2 times, it won't look so different to the other options.
Of course, anyone across the PM market will be aware, I'm thinking more of those newly attracted to safe havens.

"This is what MXCP specialise in..."
Yes, but they appear to be throwing in the towel.
I take comfort from your analysis that a trade sale will enable them and us to exit, hopefully at a significantly higher valuation than CLCO is now.
I was in AD4 and Pinnacle before that, so this is not one of my better investments, thankfully not a large amount for me.
GLA

TR-1 just out shows River and Mercantile going from 9% to 5%, looks like they sold into the rise following the news and that's why the share price fell back.
The question is why are they selling? Possibly just because they made a decent profit already and want to recycle the capital and reduce the risk of holding such a large percentage here.
The next question is are they planning to keep the 5% on a free ride or will they continue selling all their holding?

Meant to say preventing any increase in share price...not shareholding.

MXC Capital is the second largest shareholder in CLCO at 15% behind the 28% of the Halpins.
So, if MXC is going to exit all its holdings there will be 15% of shares needing new owners and possibly preventing any increase in shareholding until they're mopped up. However, MXC says up to 5 years to exit holdings, so if they are patient and sell into news over time, we may not see much effect.
A rapid sell at these low prices won't be good for MXC shareholders that's for sure, so hopefully it will be well managed.
We still need some news for all holders.

As many will remember, Blinkx that become Rhythmone was spun out of Autonomy that was sold to HP, which is now suing former owner Mike Lynch. Yesterday he was bailed by Westminster Magistrates' Court for £10m.
He's also facing extradition to the USA.
Wonder if he can wriggle out of it.
Hopefully, he is now too far back in our history for any negative impact on Tremor.

UPGS makes product in China, so this is probably dropping due to impact of product shortages due to Coronavirus.
If the Chinese manage to get it under control quickly, it may not have much of an impact and UPGS share price could quickly bounce back.
Standing by ready for a quick top-up.

Artrader the link is in the post by Fleurs.
The article is by Reuters referring to the Barrick signing and was dated January 24th 2020.
It directly mentions Shanta and hence it is of interest to this board.
Thanks to BlackBeard for posting that it doesn't affect us.
I have been a holder here for many years and hoping for VAT settlement and dividends being paid soon, so hoping no new shocks from GoT. Although, like many I benefited from the low SHG share price during the depths of the Acacia problems.

Thanks for posting Fleurs.
At the signing ceremony the GoT says they will renegotiate agreements with all existing companies to give up 16%, see text copied below.

The government said it is renegotiating mining agreements with all existing companies to get a minimum 16% stake in each large-scale mine, in accordance with mining laws passed in 2017.
Mining licences from now on will be issued by Tanzania’s Mining Commission under the guidance of the president, Kabudi said.
South African miner AngloGold Ashanti’s (ANGJ.J) Geita is the largest gold mine in Tanzania. Other miners operating in the country include Shanta Gold (SHAN.L) and Petra Diamonds (PDL.L).