focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Now Hainan have 100% off-take, what is to stop them changing the terms from KMUK (which they control and have majority right)...Seems to me Hainan can do anything they want? They do not have to play fair (UK and US companies dont play fair...playing fair is not capitalism!). Equally Chinese/china companies/institutions are involved in regime competition...as are western companies...
Bernard needs to provide the re-assurances on this issue.
It was not less than 2/3 years ago that Our Mr Ketan Patel, If I recall correctly, bought Shanta shares at 16/17p....surely the company is now in a much better position.
Ahh Found it
6 Jan 2021 08:31
Director/PDMR Shareholding
£0.17, 240,000
I thought I would look at the last Pre Patel rip off offer RNS. I think it was 20 Sept. 2023
"...Eric Zurrin, Chief Executive Officer, commented:
"Today we have delivered another set of record-breaking results, reflecting the huge effort from the team at Shanta over the first half of 2023. We continue to reach new heights at New Luika and Singida, with record half year revenues of US$88.3 million. This was driven by a 55 per cent increase in gold production as well as the benefits of a diversified portfolio and strong gold price. As a result, EBITDA was up 140 per cent to US$33.9m.
We are very confident in the multiple growth opportunities that exist across the portfolio at Shanta...."
Has something changed?
Good positive RNS...I am no Geologist nor Chemist...EEE seem to have them on board. As the team keeps building I think there will need to be a capital raise, funding from AUS Gov. or a joint venture partner...
I take the risk in believing that the titanium can be extracted.
Best wishes
Whilst awaiting notification of allocation of subscription shares, and some thought, i have concluded the the great and good billions shares takers may wish cpx good luck, they will dump at 20% profit...a really poor show to offer shares at such a discount, and basement price resulting in billions of circulation shares...something stinks...