Member Info for Softrock

The RNS itself says the sale of shares is to cover a tax liability arising from the grant of shares.

Postponed because Kesler is busy meeting people in Chile ...

Voted 210,000 No today.

210k shares voting no.

It was my first reaction to the RNS, and I grow more determined as times goes on.

Scenarios

a) the offer flushes out higher bids. Reasonable chance of this, so upside.

b) no other bids, take over succeeds. I make 5% in a few months. I have satisfaction of making my anger count in the vote. Some upside.

c) pressure of news releases over next month or two make offer look ever more ridiculous. Plus shareholder pressure (I'm writing to express my rejection of Bod actions). Bidco have to increase offer to succeed . Upside.

d) shareholders block taking it private. Might be a price setback, hopefully bod resignations. But I retain an investment with great prospects, both cash generation and growth, gold hedge to eco trouble etc. I expect share price will resume upward march after any wobbles. My preferred outcome, and upside.

Zurrin's 'prisoner' video with no enthusiasm and not one reason in it to accept bid just makes me a more determined 'no'.

Exactly what I did after the presentation today. I hope lots of people raise it directly with them too.

Correct. Helio Resource was mentioned as source of returned licences, which is now Winshear.

Re-read your message. What you wrote is right. It's also reasonable for the journalist to shorten 'net debt' to 'debt'.

Anyway, Shanta shares are significantly mis- priced.

Net debt is $8.7m. It's in the last RNS.

Heading towards zero by end September...

Mrtibbles, you often say how the board of directors are at fault for pardey-era events. Here are their start dates:

Rutherford Jan 2020

Horgan April 2020

Jerrard Feb 2018

Eyre April 2019

Cloete Sept 2019

Farrow. Sept 2019

Faul July 2020

Fawzy August 2018

Bankes Feb 2011

The Pardey resignation was October 2019. So a case to be made that the majority of th Board are the cause of the change for the better under Horgan? What do you think?

Any views on Odey Asset Management? There are reports of significant withdrawals from funds under management in the light of recent FT article.

Anyone know which fund(s) they hold SHG within?

How low might any forced selling take the sp? Could be a great buying opportunity given all the good news from the company.

K3VMC,
22.2m sell at 17.1
28.4m buys at 18.0 on the book taking account of cancelled trades.
Wil we see another 6m sell to balance at some point, or have some buys been flipped oward do you think?
IMO looks like a buying opportunity for PIs just now.

The recent broker note said ready by end of February.

DGR selling because they need the money. It's their only significant income at the moment.

DGR Global latest quarterly report (Oct-Dec) reports sale of 11987942 shares in the quarter. So you are being optimistic on when they run out.
They also report a holding of 32.5m shares (5.37%). No idea why Atlantics figures for DGR holding are consistently lower than DGR's.

Looks to me Rmm was forced into this RNS by a failed raise.
IMHO RNS had to be made to let insiders canvassed for the raise back out to allow them to trade. Same happened to SOLG a few weeks back.
Says operations are OK and issue is balance sheet. So there is a viable business, but shareholders are first in line to take or make up the capital loss.

SM,
Latest DGR Global quarterly report shows $A4.889m ALL shares sold from April to June inclusive. That's about £950,000 worth of ALL shares sold a month.
This continues the pattern of previous quarters, with regular sales of ALL being the dominant source of income for DGR. NM's presentation at Diggers and Dealers implies this pattern will continue for some time.
I expect DGR to continue to sell down ALL until some capitalisation event (SOLG etc) occurs. They can keep selling steadily for many months.

Feel for the guys and gals in Sukari with the temperatures hitting the forties.

The last but one presentation clearly stated Shanta is a dividend paying company, and Eric backed that up in his comments. Expect the divi to be maintained twice yearly.

No surprises today for those who saw Alberto's last presentation. Confirmation that good news is coming. Production guidance is held. Solar and Elix plants underway. Increasing grade of ore is on the way. Just have to let it all unfold.
Energy costs remain uncertain for a while, but there is some encouragement that this is improving over time.

With Teck selling their shares so easily, could it have caused IIs to have some FOMO?
Just needs a few to advance their buying plans to get this price reaction?