Shanta Gold Share Discussion Threads

[coachsailor] 26/3/2024 19:56

Just followed up on what Source; jasper and robsy just posted and further to what I said yesterday.

On II all 3 of my voting options this evening gave my voting "status" as "voted". I then opened it to see what my voting showed. The General Meeting which only appeared and I voted on yesterday showed as "against", The Court Mandated Meeting and the Extraordinary meeting voted last Monday and Wednesday despite showing status as "voted" neither had any vote showing as cast so had to vote "against" yet again.

All 3 now show correctly once opened up. So the voting status does not mean your vote is still registered. My actual votes had been removed, but the status remained as "voted", presumably when the additional Meeting was added.

[robsy2] 26/3/2024 18:58

Just in case people don’t know, this appeared. Time to vote again it seems:
——


Following our previous correspondence sent earlier today, please note that any voting instruction that was submitted for the previous meeting is no longer valid and will not be submitted at the new meeting. Please follow the steps below before 6pm on Wednesday 27 March 2024 to submit a new vote on the increased offer at the meeting on 4 April 2024.

[robsy2] 26/3/2024 18:58

Make sure your vote against again is still registered.

[source] 26/3/2024 13:01

Who pays the registrars Phillis??

[jasper2712] 26/3/2024 12:02

The whole system of voting seems to be rigged. If you don't vote it is considered as a vote in favour and if you don't get the chance to vote because you have not been informed by the broker due to their default settings of not informing their clients about a vote taking place
Any vote not made gives them a greater chance of achieving the 75%

[phillis] 26/3/2024 11:53

Rubbish
The registrars control this process, not the Company

Where do you get your knowledge on Corporate procedures?

[source] 26/3/2024 11:32

Apparently many shareholders are noting that their "NO" instructions last week are now showing up on HL (& other?) platforms as "NOT VOTED". !!!Best to check & make sure your "NO" vote has been registered as you wanted. Seems management are playing dirty by not registering some people's votes somehow.

[source] 26/3/2024 09:41

DON'T FORGET TO VOTE NO on EVERYTHING TODAY OR LATEST BY TOMORROW CLOSE.Just go on your broker platform & Vote Against, or let your broker know by message or Phone. Voting closes tomorrow around 5pmDon't let these management traitors steal your company for a song!!!

[michaelfenton] 26/3/2024 07:10

Thanks for that Rivaldo.

[rivaldo] 26/3/2024 06:59

Questor essentially concludes that the increased bid isn't enough.....

"Shanta Gold

Whether a 10pc increase in the offer price from bidder and global conglomerate ETC Holdings (Mar 19) is enough to sway shareholders in Shanta Gold (SHG:AIM) remains to be seen.

If the deal does go through at 14.85p a share, with a dividend of 0.15p a share on top, we will bag a total return in excess of 50pc (Questor, Jan 10, 2023).

Given this column’s dismal record with junior miners, would be more than enough to keep us happy. That said, we can see why some shareholders may feel that even the higher bid represents a bit of a low-ball price.

It equates to a market value of £156m for a firm whose net assets are £133m , according to the last set of published results.

They were the first-half figures for 2023 that were released back in September.

That price tag implies a price-to-book, or price-to-net-asset-value, multiple of 1.17 times.

However, Newmont’s (NEM:NYSE) bid for Australia’s Newcrest in 2023 valued its target at 1.7 times and there is a good possibility of Shanta Gold growing its book value in future, should retained earnings flourish as expected, thanks to both increased output from its New Luika and Singida mines in Tanzania and an all-in sustained cost (AISC) of production of $1,200 (£949.26) to $1,400 an ounce.

With gold trading at $2,175 an ounce, profits should start to pour out of the ground, if all goes to plan, and the metal’s price stays firm.

There are caveats to this. Newcrest is a much more mature and bigger operation than Shanta, with 2.1 million ounces of annual gold output at an AISC of $1,093 at the last count and the stock offered a higher dividend yield than Shanta’s before the acquisition by Newmont.

Investors are also always likely to place a higher multiple on operations in Canada and Australia relative to ones in Africa, for geopolitical reasons, even if Tanzania is one of the most politically stable nations on the continent, in contrast to say Mali or Burkina Faso, where coups in 2021 and 2022 continue to weigh on investor sentiment toward gold diggers such as Resolute Mining (RSG) and Endeavour Mining (EDV).

Intriguingly, EQT’s bid for Shanta is the latest in a growing list of merger and acquisition deals in the gold mining industry. Barrick Gold (BAG:NYSE) swallowed up the then FTSE 100 constituent Randgold Resources in 2019, when Newmont snapped up GoldCorp in 2019.

Agnico-Eagle (AEM:NYSE) and Kirkland Lake Gold merged in 2021 and then in 2023 Agnico-Eagle and Pan American Silver (PAAS:TSX) bought and split up Yamana Gold before Newmont pounced on Newcrest.

The New York Stock Exchange’s Arca Gold Bugs index is trading no higher now than it did in November 2003, when the gold price was $390 an ounce.

Gold mining executives are clearly paying attention to this disconnect, judging by the rash of deals, even if stock markets are not, and we are therefore happy to keep faith in both Egypt-focused Centamin (CEY) and Resolute Mining.

Shanta Gold’s 2023 results are due on Thursday (March 28) and the shareholder vote on the deal takes place the week after, on Thursday, April 4.

Questor says: Gold miners could be primed to shine."

[robsy2] 26/3/2024 06:45

Tipped in quester of daily telegraph this morning. Can’t access it.

[rose_by_another_name] 25/3/2024 22:58

Questor on the Shanta bid-

"we can see why some shareholders may feel that even the
higher bid represents a bit of a low-ball price. "

"Shanta Gold’s 2023 results are due on Thursday (March 28)
and the shareholder vote on the deal takes place the week
after, on Thursday, April 4."

[rose_by_another_name] 25/3/2024 22:55

Questor covers the Shanta bid-

"Shanta Gold’s 2023 results are due on Thursday (March 28)
and the shareholder vote on the deal takes place the week
after, on Thursday, April 4."

[phillis] 25/3/2024 21:06

You should change from II
It may seriously damage your weatlth

[coachsailor] 25/3/2024 17:42

Today (Monday 25th) a third Shanta voting option has appeared on my Interactive Investor platform in addition to the ones last Monday and on Friday. Todays one was for the General Meeting so suspect it may be IIs fault it did not appear earlier. The other two voting options were for Court Mandated Meeting and the Extraordinary General Meeting.
So have now voted "against" for all 3, but easy to have missed one if not double checked, - and we do not wish to give it away for 13p or even 15p.

[theapiarist] 25/3/2024 16:54

Agreed, Michael.

[michaelfenton] 25/3/2024 16:01

The Apiarist - that will suit many of us fine as we will be able to add at a bargain price. The company is still operating even if the soon to disappear board are telling us didly squat.

[theapiarist] 25/3/2024 15:31

Yes, and if they don't get it, jasper, the danger could be that one or more of the hedge funds bails out and starts a mini landslide à la bad boy Crispin.

[jasper2712] 25/3/2024 15:19

The operative phrase " MAY get for it"

[theapiarist] 25/3/2024 12:18

Richgit

Whilst you and others have been "sitting on your investment in SHG" gaining perhaps 7% in the last 4 months, other mining stocks have been rising by multiples of that figure.

The Patels have effectively frozen the SHG share price in aspic, rubbing their hands in glee as the value of the company rises to much more than the 15p that they may get it for.

Meanwhile, the gold bandwagon has left the station leaving many SHG investors stranded on the platform.

[richgit] 25/3/2024 11:54

I don`t know if many are aware,yet events in the USA later this year
could see Gold absolutely soar.

The "true"current approval rating for Biden is circa 9% !!!so no wonder the
Lunatic Democrats are in Panic mode to ensure that Trump is removed from the scene
somehow.

The Democrats will remove Biden and the fear is they will replace Him with
the Man that has totally destroyed "California".

However like Mr Starmer in the UK , Newsom will offer things like all Debt write off
for those owing Billions in Student loans.He will make untold offers to the Millions of Illegals-Tax Cuts........You name it !!and the Young voters etc
will be sucked in to vote for all the unaffordable promises ,that will mean
massive More Money printing.
That will be the final Destruction of the US Economy.

The other option is that the Democrats will conjour up a way to cancel the
Next Presidential election ----- War !! False flag forms of Terrorism in the US blamed on Russia !! ?
That will also obviously be the Collapse of the Us Economy.

As per the Uk, Newsom like Starmer will offer so many freebies to grab the votes
from the Wokers,The Dreamers,and the Young Voters,the Immigrants,that think Money can just be Printed into infinity.


I am just waiting to see what Happens later This year,in readiness to put
everything into Gold and Silver related investments.


Meanwhile I am just sitting on my Investment in SHG - just maybe-
there will be something better to consider,as one thing is virtually certain in
that (at some point) Bigger Gold cos will be asking some Juniors to "name their Price"


IMHO

[fitton] 25/3/2024 11:35

Havin- What a load of rubbish

[randompath] 25/3/2024 09:25

@havin - not sure which stone you've been lurking under, but you do realise there has been amply liquidity to exit almost any size position over the last few months since the bid was announced? Your clueless numbnut posts are not welcome here thanks very much.

[metis20] 25/3/2024 08:30

#2030 ??????? do please elaborate