Shanta Gold Share Discussion Threads

[michaelfenton] 04/4/2024 14:00

Surely if the BID was successful we would have had an announcement? It was a simple vote? The Board will now be wriggling as to what to say or do?

[phillis] 04/4/2024 13:58

This is strange
Presumably there are some attendees who are not bound to silence

[lowtrawler] 04/4/2024 13:55

MF, I think you are mis-reading the discussion on LSE. Volume of trades still indicates nothing has leaked.

[michaelfenton] 04/4/2024 13:45

Someone on LSE says Bid has failed. And other small BUYs coming through.

[michaelfenton] 04/4/2024 13:36

I have added another 25000.

[lowtrawler] 04/4/2024 13:16

MF, it's isolated and only 140k (£20k). When the news hits, trades will appear rapidly in succession. We just need to be patient.

[michaelfenton] 04/4/2024 13:14

Big BUY just gone through.

[alangriffbang] 04/4/2024 13:05

michael maybe they are waiting for phillis to announce it !

[lowtrawler] 04/4/2024 13:04

MF, I would have thought the news would have leaked even without an RNS. Surely someone would send a text from the court hearing? Perhaps the meetings are delayed.

[michaelfenton] 04/4/2024 13:01

Surely that is a bit strange Lowtrawler?

[lowtrawler] 04/4/2024 12:59

The last share trade was at 13.08

It appears to me, news has not yet emerged on the outcome.

[stevea171] 04/4/2024 12:53

Technical problem. Ya all need to vote again .....

[clotted cream] 04/4/2024 12:52

They ought to be paying all the legal fees out of their own pockets!
......
legal fees to Nick Davis, ex non executive director of Shanta. He used protect our interests. Worked on the original listing I believe and now working to return to founder

[redhill] 04/4/2024 12:50

Who knows.

[michaelfenton] 04/4/2024 12:50

Is there no one there reporting back?

[phillis] 04/4/2024 12:47

Interesting
The lack of buying to the bid price would seem to suggest that the bid has failed9

[redhill] 04/4/2024 12:19

So far trading not indicating anything.

[redhill] 04/4/2024 12:13

They ought to be paying all the legal fees out of their own pockets!

[clotted cream] 04/4/2024 11:51

Will the directors be having a Champagne lunch at the Old Government House today?

Very nice hotel

[lowtrawler] 04/4/2024 11:36

Source, you are correct and we should not fear the bid falling through. We should know in the next hour.

[source] 04/4/2024 10:44

There is a counter view & strong positives too if the bid/heist fails. I.E. (1) Gold price is up $300 since this heist was launched. It's been held down throughout this meteoric rise & brakes will finally be off after the results are clear. (2) Shanta is in heavy profits & massively more cash flowing now that needs to be reflected quickly to catch up on this lost time. (3) A washout of the board & management goons will be welcomed by the markets given it is clear they have mismanaged Shanta for years now (maybe just so they could extract shareholder funds to pay for mine development & Kenya & bad hedging, under reporting resources & drilling etc etc) so they could run it down & buy it out on the cheap. With a more honest & aligned management team finally incoming the market can finally revalue Shanta to reflect its huge unrecognised real asset value & massively improved cash flows & profits. (See original analyst valuations etc). (4) Other producers are up very substantially compared to Shanta & this will catchup when the markets release it. (5) The big excess cash they now have will quickly grow Kenya resources & mine life which will again massively boost valuation & perception. (6) Excess cash can boost the dividends meaningfully now all its mines are producing heavily & years of past investments now pay back handsomely. (7). Gold price trajectory looks strong & its continuation has already completely destroyed any logic to this miserly low ball buyout heist. Etc etc. i.e. A No unlocks LOTS of upsides too.

[alangriffbang] 04/4/2024 09:43

cinoib I agree I sold half of my Santa shares and bought three lots of SRB at47p and also bought AAZ which I already held ,that’s where the money is going ,

[cinoib] 04/4/2024 09:01

Think you'd all be better in Srb has gone from 23-70 in a few months since license was extended. At least it's tracking the gold price as it hits 2,300.

[lowtrawler] 04/4/2024 08:25

RH, it depends how far it falls and what the new hedgies decide to do with their holdings. IMV, if the bid fails, we will get:

1. A number of Board resignations.
2. A series of large share sales.

We may also find the Tanzanian authorities take a closer interest in Shanta having been asked to approve an event no longer happening. This could extend to us providing the free carry required under the mining act.

I doubt any hedgies choosing to exit will complete the exercise quickly and so the share price could be held back for a sustained period.

In other words, what may appear to be a buying opportunity might lead to better buying opportunities later.

[redhill] 04/4/2024 07:59

LT

There may be a good short term trading opportunity though.