Shanta Gold Share Discussion Threads

[havinthelasttoast] 25/3/2024 08:22

What a dog this is.

I hear some very bad things. Michael Fenton knows and is trying to get exit liquidity. Be warned

[noobiedoobie] 24/3/2024 17:44

When Mr Eric was on our side, I was walking him through SHG new value highs. If you're unaware of the concept I have briefly explained it...







True cycles will have consistently fresh new value highs during it. It's something every investor needs to know. The pro hedgies have no idea about them. That means we get to run rings around them and can be the ones to drive price up across the market

[noobiedoobie] 24/3/2024 14:11

Posted a DV dominance effect in DARK following positive update on my channel if you want to get familiar with it

[metis20] 24/3/2024 08:50

Yes, ii sent me three emails overnight - 3 different SHG votes, EGM, OGM, CMM.

[c9ajl] 24/3/2024 08:33

You all need to vote again. So go and check your accounts one more time. At least we are all getting very efficient at this voting process now :(

[noobiedoobie] 23/3/2024 13:05

What I can say about SHG re: DV is that price has been going up while DV < V, which means MMs have not made any £ from casual investors. They only do that when DV > V and MMs are 100% here to make £ from us. So a failed bid may either prompt MMs to actually drive a breakout which they've been suppressing due to the restrictive nature of the bid offer or they could reset on medium term and then carry on normally making market in response to newsflow and general investor jiggles and niggles

[noobiedoobie] 23/3/2024 10:37

Something interesting I noticed 🤫🧐&#129303;

Generally, if you're geeky like me then read on

Calculate 13 day price variance, V

Then calculate 13 day variance of V, or double variance DV

I have noticed that when DV > V, that's when price moves up easier on low volume and with positive updates

Price can go up when DV < V when in cycle but it's slower

This DV effect working very well in CMCX which first had DV > V early January at 110p the day before boom trading update and DV has been substantially higher than V since, which has resulted in a move to 180p+

JUP had the DV signature this week hence why I suggested it

It's intriguing but quite a good thing to know as it means can sit tight until DV dominance happens then go hard buying once positive updates are chucked out by a company

I am holding hands of 3 chiefs currently and monitoring the DV situation for them and I expect they will unleash the newsflow when DV is optimal for boom time

[lowtrawler] 23/3/2024 09:53

Kennyp52, the directors who would leave are not directly involved in the day to day mining operations and so they should be able to continue ticking along. The main gaps will be around WK feasibility and exploration. The main worry is whether the replacements are any good. Many AIM companies suffer with poor management and they can destroy shareholder value.If Shanta is properly managed as an independent company over the next 5 years, I have no doubt the share price will be touching 30p or more. The current bid price is stupidly low and yet it has gained support from our 2 largest shareholders, management and 2 hedge funds. Even so, I still think it will be touch and go on achieving 75%.

[noobiedoobie] 23/3/2024 09:35

Is it 75% of all votes made rather than 75% of all shares available?

JUP popped up on radar this weekend. Cash stable, profitable, pays div.

Anyone interested in future things on radar send me private message. Usually for medium term upto 6 months. I won't openly post them now

[kennyp52] 23/3/2024 08:00

meanreverter .. agree with your assessment of undervalue .. but who is going to be running this if the deal fails ? That is the short term concern and if there will be an avalanche of shareholders jumping ship .

[meanreverter] 23/3/2024 07:20

IG offers all its clients all appropriate options to vote, and I have voted again on this round. I bought Shanta before Singida was opened or West Kenya was acquired. IMHO, the 15p offer does not sufficiently value these developments, and I would prefer to hold Shanta for the long term.

[redhill] 22/3/2024 20:02

NAV_Mike

I think it could still go either way. Getting 75% acceptance is a hell of an ask especially when the offer undervalues the Company.
However so far no White Knight has stepped in with a counter offer and you begin to ask yourself why .

[coachsailor] 22/3/2024 18:41

IF YOU VOTED EARLIER THIS WEEK YOU NEED TO VOTE AGAIN.

Today there was yet another Shanta voting option appeared on my II voting box.
On the 18th I voted "against" for a Court Mandate Meeting which closes on 25 March.
Today noticed there was another voting option for an Extraordinary General Meeting with a closing date of 27 March. Again voted "against".

Would not have seen the second one unless I had looked as this was not there the last time I checked.

The first which was there on Monday was "to approve the scheme".
The second which only appeared today was "to approve matters relating to the recommended cash acquisition of Shanta Gold by Saturn Resources Ltd."

[nav_mike] 22/3/2024 17:30

Have those thieving b*stards won the battle?

Judging by the drop off in posts here it certainly feels like it

[source] 21/3/2024 13:30

Even Fresnillo are up 5.7% today!Meanwhile These "management" clowns are trying to steal our Shanta holdings by paying just a PE of 4!!! Should be trading at approximately 20p today on gold price alone, let alone our massively increasing production of gold from multiple mines!lol!

[jasper2712] 21/3/2024 13:28

Just contacted iWeb and this is what I received back from them

"we do not auto send these to all holders .you have to specifically ask us to flag your account so you do receive these..the majority of our customers have no interest in voting so we set the default setting for no voting details to be sent"

You would think it had been written by the Patels!

Will now have to sit on the phone until I get this sorted out.

As for the dividend - was it increased by the board before the takeover? I assumed we were due the usual 0.1p and the 0.15p was a dividend to bee paid if the deal went through The Patels at this moment in time do not hold the purse strings of the company - so they cannot offer this dividend unless they assume control. Jumping the gun a bir I would say

[stevea171] 21/3/2024 12:56

The dividend announcement today with an ex-div date of 28th March ie just a week away seems to be an attempt to soften up holders to believe that the Patels are kind and generous after all. Not mean thugs who are trying to steal the company for a fraction of its true worth.

In other words vote for us - the kind hearted ones who are giving you free candy!

[juju44] 21/3/2024 12:00

The gold bull makes this offer look ever more ridiculous but markets are full of gangsters so who knows

[greyingsurfer] 21/3/2024 11:52

jasper

"We were due a divi anyway so what is the big deal about an extra 0.05p but only if the deal is accepted."

Where are you reading this? The 0.15p div was previously announced. We now know the record date - 2nd April. Which must be before the court date, as that is also the date proxy forms are due back. Nothing stated about accpetance of the deal being required.

[fitton] 21/3/2024 11:36

Shanta have no debt, probably well over 3.7m oz of gold resources, west Kenya must be loaded so in time the company could have 10m oz.Currently turning over over $200m with gross profits of probably $60m plus.I've voted no again.As with others I'm infuriated by this attempt to rob the shareholders

[lowtrawler] 21/3/2024 10:51

Philis, they've sold 17.5m. Why do you think that means it is going through. Surely, you would only sell if you thought it may not go through?

[phillis] 21/3/2024 10:42

Well Konwave thinks the deal is going through!

[source] 21/3/2024 10:20

They should clearly be RNS'ing lots of production data about our new mine. The fact they aren't is evidence they are working against shareholder interest & stock market obligations ?This is worth 30p all day long when they do!

[cinoib] 21/3/2024 10:20

With current gold price would have expected this to be a little higher, like 17p. So far in the last 6 months the outstanding performer has been SRB from 23 to 63p and I missed it. Last time i was in that one I sold at 78 as it was turning down and has taken several years too recover. Getting another 3 years on its license has helped push it up of late.

Jasper. The inflation figures mean that prices are rising much slower than last year. It doesn't say any where that prices are falling. That is de-flation like they had in Japan a couple of decades ago and like China is having now.