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Because its against the law ???
Suspect if the "none routine vibration" is due to a latent defect with the Rolls Royce engine it could be a concern. Doubtful but I we all know how things get mis-reported in press
Maybe both as not so much of a gamble for them, far better odds with these two factors
Suspect what is meant is "open and start a NEW ISA per tax year "??
I guess to many the result of the "vote" no surprise, case of BOD "if at first you don't succeed et al" I'm therefore out and wont wait for "D" day, monies from here straight into Serabi Share Chat (SRB) as they seem to be a better, more ethical choice for my money
DYOR, its been a heck of a ride here, but reflecting I'm not sure I enjoyed being taken for that ride mind!!
I suppose a less scrupulous BOD would be tempted to downplay any reporting of mines resource, if so that may dissuade potential bids off third parties and so allow buy out at suppressed value,
So if the vote goes ahead not a problem SHG bought on the cheap, if it does vote does not, or is not ratified then the above could be a back-stop position to put off other potential suitors?
1755 you ask ...."What does it mean?" suspect the correct answer being along the line "PI and LTH's screwed".
i.e. we've supported and funded its development in its formative years only to have it taken off us when we should be rewarded for our part in making this a great company
Think it would be foolhardy to sell at this late stage, ..........
if the vote does not go through, yes I'd agree the SP may dip slightly, but we may well get a sensible bid from other miners whole recognise the true worth of SHG, and will not try to follow the current shenanigans of some trying to "get it on the cheap".
Hold tight, I say,
Annie59, be interested to learn what HL have to say on this vexed matter. I recall they were very flaky regarding the affairs of Neil Woodford, hopefully they are a little more engaged these days
Wonders will never cease I've equally had a private message off HL...
"Saturn Resources Ltd, a wholly owned subsidiary of ETC Holdings Ltd, have made an increased and final offer to buy Shanta Gold for 14.85p in cash per share. The court and general meetings have been adjourned.
Shareholders will vote on the takeover at meetings on 4 April 2024."
The fact is I've already voted with them,~ but interestingly its the first time they've sent an email on the subject; no contact on any of the previous votes, so maybe HL are at last accepting their customers do need to be informed!!
If a bid came in @ 40p would equate to an uplift of 110%, don't get me wrong be nice ......but is that really likely from where we are now??
Same as Mattyboy, seem Hl on my account also report,...
''SHANTA GOLD LTD 27/03/2024 Ordinary General Meeting No instruction given''
so 4th vote for me too. But HL DO NOT send their "you have a private message" notification, left to the customer to find.
So not sure if it's HL's flaky systems or SHG . Either way guess I'll be checking and voting each day hence forth to may sure !!
Could that be a tactic to encourage "weak" PI holders to sell out ASAP I muse??
If so and those share were scooped up by some and sufficient volume bought to get the bid over the line then could well be money well spent!!
I'm standing fast and holding to let this play out
Cynical view; but current shenanigans may be not too far off the mark?
...and this is the KODD BB not Prem nor Marlua !!!!
Buy buy KOD or to others Bye Bye
Interesting as with the "new" so called improved offer, I did wonder if yet another vote was called for.??
My logic being; I and hopefully many others voted "NO" on the terms of in existence over the weekend, but with the latest RNS those terms have now have been superseded so I suggest a further vote IS now required.
So I question if a third vote is required will the deadline be extended ??
Maybe folks with more knowledge than my "logic" can lighten my (and possibly others) darkness in this vexed topic!
I have just voted to "reject", on the HL website for my holdings.
HL have not been in touch but HAVE snuck in a link on their "Home >My accounts & dealing" home page on the right via "Shareholder meetings" hyperlink
Seems they have left to customer to "find".... not ideal but it's HL so .................
I'd urge others to vote as it is painless couple of mouse clicks and so why why risk your voice not being heard/registered!!
HW Fair enough, my thanks for clarifying.
Notwithstanding with all the RNS mention (four today) begs the question why are MMs buying stock in Shanta??
Gentlefolk, seems daliy we are seeing additional Form 8.5 and 8.3's being lodged.
Is it safe to assume these recent buys must be in the lower 13's region, if so logically those buyers would be seeking to reject the current BOD proposals?
If so I see that as an encouraging sign this story has further to run and addition improved offers could be in the wings!!
And a 292,024 holding here voted NO via HL
Indeedy; all a bit fishy as Liberum were giving a buy recommendation as brokers at 30p plus 2022.
Since then the gold price had increased dramatically, but Liberum's "fair value" rating has decreased dramatically !?!?