Shanta Gold Share Discussion Threads

[phillis] 26/4/2024 10:14

Sorry
Lots of ENT but no SHG
They are probably having to spend time checking the respective allocations across accounts!

[redhill] 26/4/2024 10:12

Still waiting for mine. i'm with Barclays

[phillis] 26/4/2024 09:55

There already

[nav_mike] 26/4/2024 09:25

Ahh okay....thank you

[phillis] 26/4/2024 09:15

Usually between 10.30 and 11 am

[nav_mike] 26/4/2024 08:26

Speaking of dividends - anyone received theirs or is it too early in the day?

Nothing in my AJ Bell SIPP a/c

[phillis] 25/4/2024 19:29

I sold too early on the assumption the bid would fail and the share price would drop
I certainly got that wrong
But I bought back a goodly quantity on 25 March and the division arrive tomorrow
:-)

[redhill] 25/4/2024 09:16

Bloody awful update though! Did they advise that production would be down due to heavy rainfall ?
Not at all.

[hubs] 25/4/2024 09:14

It would have been a down day...but no more!

[tightfist] 25/4/2024 07:43

And they did issue a Q1 too..... not that it's helping PI's....

[redhill] 23/4/2024 13:45

The dividend should be paid 26th April.

I wonder if they dare give us the quarterly update !!!!

[richgit] 17/4/2024 11:59

c'est la vie

Final Post

I had an initial future Target Price of 40p.


I believe West Kenya to be worth 20p alone.




No point in a Post Mortem now,yet such considered Opportunism will doubtfully
happen to other Gold stocks as Investors finally wake up (slowly) to Gold`s
confirmed Bull run that I had no doubts would Happen.


Alas.Those that sold this down at one Point to 8p had no such Foresight.


Gutted-with at least a Profit and now forced to try and find other Shanta Gold`s

[pooldar] 16/4/2024 16:06

They have been sitting on these drilling results from west Kenya, did not publish them and kept them hidden to avoid any interest from potential bidders.

[redhill] 16/4/2024 09:14

One that should have been released before any vote.

[arlington chetwynd talbott] 16/4/2024 07:49

And now a positive West Kenya Drilling Update. Again, interesting timing.

[lowtrawler] 12/4/2024 23:36

I'm afraid we can only assume chestnuts sold up and moved on while telling everyone to buy as his hedge fund pals would force a much higher price. I can see he is still active on ADVFN, just not on the Shanta thread. Frankly, it was always difficult to believe what he was saying and his predictions / methodology fell into the crackpot category. Hopefully, nobody acted on what he had to say.

[redhill] 12/4/2024 19:17

Where's Wally ?

[kennyp52] 12/4/2024 17:43

Dave the horse .. agree 100% . I got slated for selling and putting the cash into FRES and a top up in CEY .. where is that chestnuts guy now ? 🤷‍a94;️

[davethehorse] 12/4/2024 10:58

Everyone has been robbed twice, once on the takeover and once on the time it takes to get your money with gold and other miners flying before you can get your money out

[fitton] 12/4/2024 08:56

Just sold my last 1.1m shares in Shanta.Decided to sell early rather than get the full bid price.The anger I feel watching gold go through the roof knowing Shanta has been robbed from the shareholders is not worth it on a daily basis.I'm deleting Shanta from the monitor.Hopefully all long term holders here will make a fortune from other investments and fingers crossed, the Tanzanian government will take more or the pie or the gold stops flowing.I've been trading for 40 years but have learned a very valuable lesson from the way this has gone so never again.

[source] 11/4/2024 22:33

At this price, gold is $400 per ounce higher than the average realized price by gold miners in Q4. Currently in Q2, most of the increased margin is falling right to the miners' bottom lines. Shanta management have not acted honourably or in shareholders interests & have now stolen our company after years of private funding they are minting it now. Well done yes voters & lazy institutional investors. You played yourselves & sold a golden goose for a pittance & in doing so shafted shareholders also. lol

[redhill] 09/4/2024 14:47

Phillis

I agree it is only the number of shares counted at the meeting but prior to that their was a court hearing.
At this court hearing their had to be a majority of votes cast in favour with only one vote per shareholder.
pi's never realised that their vote would be amalgamated so say HL voted against the resolution that would only count as one vote no matter how many shares were held.
That is the problem with holding shares in nominees names.

[phillis] 09/4/2024 11:49

You are more than stupid
It is the number of SHARES voted that counts
DOH!