Member Info for Tornadotony

GGG

Just to let you know flights are available in the evening of 27 March from Gatwick to Guernsey for those wanting to make it an easter holiday break. I have not checked out hotels yet. What an excuse to have an easter holiday and walk by the sea.

The only technical issue I can think of for an adjournment is the votes have been messed up and entities can not confirm if some votes are share holders or not at this time and they are sorting out a mess for the sake of fairness. The other reason is that gold price shooting up has invalidated the argument given last December and enough institutional investors were reporting that the bid argument was no longer valid. The court is sensitive to issues of fairness and we do not know how many shareholders who contributed to the 16p share raise and now find themselves at significant personal losses. If they wrote to the Court with their examples of harm to them the position of Saturn would come under more scrutiny. In addition Saturn's argument for the low share price now looks irrelevant as subsequent forward events have not gone the way they forecast and the opposite is unfolding. They appear to be front running the market for their own gains.

As for the new investors. Some are just parking monies to keep safe. Some will sit opposite of LOAM and some may be allies. Blackrock and quite a few others will have their analyst teams and will have an opinion on the value of Shanta price shares. We do not know how the institutions now feel and why they were being encouraged by a trade body to accept.

GGG you have said yourself that you will walk out with gains at 13.65p and i hope that is still the case. I will stay with my best guess in that a higher offer is being found to at least update with a more realistic outlook on gold at least, and the earnings and future dividends the company would realistically generate for a private company.

Tony

Https://www.guernseyroyalcourt.gg/CHttpHandler.ashx?id=169675&p=0

Contracts court is possibly open on 28 March.

Absolute despair suggests the bottom may not be far away.

I will try and find out if the Guernsey Contracts Court is sitting on Maundy Thursday. 29th March is on Good Friday.

Nobody wants Chinese rare earths because of the way it is extracted and makes a mockery of the green agenda. So why bother quoting their prices Reetech. Do you think we all live in China like yourself. How are things on your army base in China? Getting along with that senior officer giving you the run around on your spying grades. Are you based near Shanghai? How is the AI doing in helping you write in English?

Tony

Fresnillo in market cap, revenue, profit etcetera is 3 fold of that of Centamin. The 2023 comparison of data is on FT Fresnillo. The share chart had Centamin and Fresnillo on a similar path up to November last year. Centamin fully recovered from the lows and Fresnillo has done very little. A full recovery target gives 570p. According to other analysts looking EV/EBITDA ratios the bottom target price for Fresnillo is 514p which it briefly touched upon. I am surprised it has not found the 490's today. Perhaps we may have a seller in the background, I am not sure. At some point though I see upside materialising especially if gold holds above 2050 and silver at $23 per ounce. The company is responding to the cost issues apparently and we may get more examples in the weeks ahead in the Q1 report. All the best Tony

JMAX

I have kept out of all oil stocks. I have done well on Centamin and Shanta Gold for the most part. I am waiting if Nanoco will pay out a large dividend or share buy back.

As for Fresnillo, they are good at tackling costs and finding savings and have a programme underway and also are introducing new technology into the mines. I would not be surprised if the cost base here gets reduced 4% or more during the year. I suspect the bottom just might be in for Fresnillo. I can easily average in the entry if it proves not to be the case.

All the best

Tony

They only comment I got from HL is that if they hear anything from the regulators they will let me know. Otherwise they can not comment on the detail I raised.

I always win on Fresnillo. Time for a charge. Initial buy.

GGG

I have written to Hargreaves and Lansdown to get their take on some aspects of this. For example can they keep adjourning court dates etcetera along with the standing of the Shanta Board recommendation that now looks utterly absurd. Tony

1. LOAM are not selling. If the Patels were thinking of quitting the share price would be falling with big holders wanting to get out.

2. The recommendation by the Shanta Gold Board has misread forward outlook substantially and is now a factually wrong.

3. Legal funds and specialist situation funds have increased their buying.

4. The gold price has hit new highs introducing errors in the forward statements made by Saturn in December.

5. The media outlets in December were scribing material as to put off other bids and so as to make outside offers unwelcome. There is little MA activity in the mining sector overall going on as central bank interest rates have not fallen yet.

The superior offer is being called for as being 15p in my opinion. If the Patels want Shanta Gold for themselves they need to respect the contributions other investors made when the company needed them over recent years.

Perhaps winter appetiser as i get ahead of myself

3bear

Things were massively overbought so a pullback here and there is to be expected. I have 10% of my gold miner longer term but did take profits on 15%. Eventually gold is likely to return to 2050 and if it does we probably get a mega summer rally. This recent rally was the Spring appetiser.

Fund entities not times in previous.

GGG

More likely two brothers having a bit of an argument. The Board recommendation basis is now quite defunct. The Patels have two options. 1. They are not tight fisted about this as the higher gold prices now are only going higher later in the year and provide a value above superior offer. 2. They pull out entirely and Shanta shares would go to at least 14.5p with the bid off the table. If they withdraw the legal times would raise a general meeting and seek to replace the entire Board. So the Patels have put themselves in this mess. I mentioned to Eric this would happen and go like this. I therefore expect a 15p offer tabled in the not to distant future with a 0.3p dividend on top. It might just get through at the point and allow the Patels a ladder to climb down. I can avoid BB losses in a few days time which allows me to buy back in but not quite to where I was before.

500k bought this morning. Hopefully will get more later. Hasta la vista baby.

I duly stand corrected.

Not in the 8th of February RNS. The structure and amounts are to be announced in Q1 and when and how it works out. Hence, I suspect 3 lots of 2p divis and 3 lots of share buybacks to keep the share price overall fairly static over 9 months. Company earns some interest to cover higher running costs with the new appointments.

In the space of a month we have speculation galore.

The company has 3 weeks to do what they said they would do. They either honour their pledge or they don't. If they don't it has significant reputational damage to those who wrote the 8 February RNS. The damage is not trivial within the investment and business communities and the company management have put themselves in that position. However, let us assume for the time being that intelligent life is still in charge at the company until proven otherwise.

I still feel the company will announce a 2p divi in April with a qualifying date end of this month. Post divi they do share buy backs to support stock price. Once it is fairly stable they try it again in June with another 2p divi. This is not rocket science. The total divi amount is dependent how many shares they can buy back against a base price of 18 or 19p. They update on the buybacks as they do them. It is quite easy to set up all this and should have been done last month. Tony

I have written to HL and they are prepared to take action against Nanoco after 1 April if matters are not resolved as outlined in what the company pledged. I am probably not alone in contacting HL. I copied most of the letter a few days ago. I hope those on other platforms are doing something similar. I can tell you HL is fully aware of private investor frustration with this particular company.

If the CEO and CFO really want a world of trouble a few weeks from now, all they need to is sit on the backsides and doing nothing to show the contempt they have to other people. They will demonstrate that the Board does not care what they do, they do not care about their own professional standards and integrity and the follow on impact to all those with any connection to this company. In the meantime, lets hope this gets resolved.