Shanta Gold Share Discussion Threads

[redhill] 12/3/2024 10:06

cc

His position might be untenable!

[chestnuts] 12/3/2024 10:06

Redhill

Have you got level 2 if so can you post

many thanks

[clotted cream] 12/3/2024 10:02

if the Patels cannot go up to a level that gives them control, I hope that Ketan remains on the board. Our good relationship and why the government have not grabbed their legal share is totally linked to the good work he has delivered on Environmental issues and support of the Tanzanian people.

As a founder, he is very important but Zurrin is a very naughty boy

[phillis] 12/3/2024 09:56

Berenberg are a MM
They will transact with anyone
There is no “just” involved at all

[metis20] 12/3/2024 09:54

Ask has just popped up from 13.65p to 13.7p so large scale buying going on in the background.

[redhill] 12/3/2024 09:52

Berenberg are just dealing for private clients. They buy and sell everyday.

[fitton] 12/3/2024 09:49

Gold is now $150 higher since the date the Shanta board decided to accept the derisory offer for the company.Our CEO has gone to ground, no longer bigging up the company as being very undervalued.It's amazing how the company CEO said absolutely nothing about the value of the offer, despite the fact that he should have the most in depth knowledge about the company and it's taken the shareholder to reject the bid as being to low.
Zurin turns out to be as corrupt as the rest.No morals, no standards, they've paid him off.Clearly the Patels should be increasing the offer, if gold stays around the current levels for the year, that would be a cost free increase in profitability of $15m.The Patels continue to try to rob the shareholders despite the huge potential extra profit they would be making.

[phillis] 12/3/2024 09:48

Berenberg have increased their stock to 2.5 million so plenty available for those that want to pay more than 13.65p

[borisjohnsonshair] 12/3/2024 09:46

78% take up of deal according to the exit polls

[lowtrawler] 12/3/2024 09:42

chestnuts, if it were to fall back below 13.2p, I would be able to buy back more than I sold and be in a better financial position. Not only that, the money I have invested elsewhere is up over 3% so far and so I would have 3% more to begin with. I will say again, until the bid concludes, you and I will not know if we made the right decision.

[chestnuts] 12/3/2024 09:31

Low

If the bid just disappeared and the price fell back a 1p or 2p it would soon bounce back with all the watchers and i would be no worse off, i expect share prices to go up and down, now what you are doing is counting your chickens before they hatch, because with the info given at the start of the failed bid, showed that Patel was starting from a very low point, and i believe if he had come in at 20p he might have got Shanta, if he comes back with 16.5p i dont think it will go through, as every one knows its worth more and with the gold price going up shanta valuation is increaseing.

[lowtrawler] 12/3/2024 09:23

chestnuts, and what happens if the bid is withdrawn tomorrow and the price falls back sharply? Until the whole bid process is concluded you won't know if you have made the right decision. Nobody will.

As I said previously, I factored in they may make a higher bid of up to 16.5p which would have allowed me to exit at a higher price but the risks of the bid failing and a sharp retraction in the share price made it not worth the risk for my whole holding. I have retained a healthy position should you prove to be correct but I have hedged my bets and will be in a far healthier financial state should the bid fail and the price collapse. If they eventually sell for 16.5p or less, I will also be happy I made the right decision given risk v reward.

[chestnuts] 12/3/2024 09:03

Low

You say i am counting my chickens before they hatch, you sold your shares and the bid at 13.5p as failed and now the share price is higher.

[michaelfenton] 12/3/2024 04:58

I sold about 2/3rds of my holding to tie in a fair profit. I have no idea what will happen but believe this company is worth considerably more than the offer price which I imagine will die a death.

[lowtrawler] 12/3/2024 01:47

Chestnuts, you are counting your chickens before they are hatched. We will only know once the bid is completed, either successfully or not. Until then, it is impossible to know whether you made the right decision. I will give you full bragging rights if the bid eventually goes through at 18p+ or if the bid fails and the price does not fall back to 11p or lower. Until the conclusion of the bid, it is impossible for anyone to know the outcome.

[jimic23] 11/3/2024 22:08

Yes it will be a double RNS combined with full cash recovery of the 20m VAT announced on 1 April

[chestnuts] 11/3/2024 21:31

Ape

The shareholders who sold just never read what was happening in the market, they including you came back to give reasons why you sold , like we who held on were foolish as the share price was going to collapse, its just that i read what was happening and several posters critisised me for giveing a good reason to hold, and so far i think i am correct, now in the next few days ahead we will see what happens in the market, but if i have to repeat what i have posted again you are not taking in the message,

We are in a gold bull market,
Patel tried to be greedy and it as failed, to think share holders are going to accept less than 18p or even 20p was foolish.
Now what is he going to do if he is going to be taken with out a pinch of salt he will have to increase his offer considerably, as i have posted 24p and he might just get Shanta.
The shareholders are in the driving seat.

[chestnuts] 11/3/2024 19:53

Low

You sold most of your position, like you knew the share price would collapse is that not so, but you must admit my reading of the situation as been close to whats happening.

[juju44] 11/3/2024 19:50

Best thing here is for bid to go away , sack corrupt Zurrin and his cronies and recruit a new honest team to ten bag this over next 2 years as the gold bull lifts all the miners to unimaginable heights

[theapiarist] 11/3/2024 19:45

Chesty

I imagine that many of the "weak sellers" and "little share holders", that you so frequently disparage, protected a decent profit when they liquidated their holdings in SHG.

In doing so, they may have moved on to investments that, thus far, are yielding gains greatly in excess of those had they remained in SHG.

However, you are correct in thinking that some may "buy back in".

But not in "mistaken" weakness - but from prudent strength.

[redhill] 11/3/2024 19:00

LT

Expect the main shareholders to bring in a new board if the bid is pulled or they may well be trying to bring in a new bidder.

[lowtrawler] 11/3/2024 18:27

chestnuts, you are posting as if what you say is a fact when you have no more clue than anyone else. We will only know for sure when the music stops. Don't forget, the Patel's are still able to move to a traditional takeover should they wish. The hedge funds could be gambling on a higher bid and exit if the bid disappears. There are all sorts of moving parts here and having your blinkered approach could lead to a financial mishap.

[redhill] 11/3/2024 18:19

Anyone expecting an RNS with drilling results ?? lol

[chestnuts] 11/3/2024 17:27

Low

Your nearly right , human nature comes into it , you sold part of your holding even though you knew that Patel had only got 19% backing, and that he would of approached all the big holders and they refused to sell at 13.5p, so how could he expect to get it through with the rest of the share holders, the hedge funds knew this like you did so they went on a buying spree, and the little share holder sold out, in the pretence if the bid had failed and it as the share price would collapse, but as i have posted a few times WHO WOULD SELL all the weak sellers have sold, the clue was the hedge funds topping up, and now the little share holders will realise their mistake and buy back in as shanta is a brilliant company.

[lowtrawler] 11/3/2024 17:11

RH, it was clear as soon as the vote was pulled that 13.5p was dead. There is no revelation in that. What was unknown is whether a higher bid would result. IMV, the current share price is indicating a higher bid is likely.

Chestnuts is implying the higher share price is unconnected to expectations there will be a higher bid and instead it reflects normal trading with higher pricing due to pog and a new realisation as to fair value. It is not a view I share but we all need to make up our own minds.