Shanta Gold Share Discussion Threads

[source] 04/4/2024 15:34

Make a tonne of money at all our expense. This is exactly why the UK markets are dying. Small shareholders always get mugged.

[redhill] 04/4/2024 15:27

LT

You are probably right. They took advantage of the Odey situation at the end of the day.

I wonder what the Patel's will do with it now.

[lowtrawler] 04/4/2024 15:21

RH, my reading of the votes is that the only votes against came from PI's. All the larger / institutional holders voted for the deal. Suggests to me that liquidity was the deciding factor.

[redhill] 04/4/2024 15:15

Where did they get 632 million shares voting for ?

They only had 300 million shares committed at the last announcement.

[source] 04/4/2024 15:08

Wrong column

[michaelfenton] 04/4/2024 15:06

Yes less than 75% how does that work?

[lowtrawler] 04/4/2024 15:06

Source, what makes you think 83% is less than 75% ?

[1hercule] 04/4/2024 15:03

absolute disgrace. Make a note of the names of the board for future reference.

[source] 04/4/2024 15:03

Less than 75% tho...?

[michaelfenton] 04/4/2024 15:00

I suggest you sell now while you can.

[nav_mike] 04/4/2024 14:58

Oh well....another win for the shysters out there. Jeez the thought of their smug faces right now makes me want to retch

No wonder the london market so underperforms

[davethehorse] 04/4/2024 14:57

Sorry all you long termers have been shafted backwards

[lowtrawler] 04/4/2024 14:53

Came out while I was writing my last post. Game over, move on.

[phillis] 04/4/2024 14:52

RNS out LT

[lowtrawler] 04/4/2024 14:49

MF, it is possible one or more of the hedge funds hold sufficient shares to either allow the bid to succeed or fail. If so, they could suggest to the Patels a willingness to support if only the bid were slightly higher. If a price can be agreed, they would need clearance from the panel for a higher offer to be made and the meetings could then convene. Naturally, any higher offer would apply to everyone. Pure speculation of course and there might be legal obstacles preventing such a move.

[phillis] 04/4/2024 14:47

Easy p easy in the end then
Never mind, made a couple of grand with this weeks purchases

[nav_mike] 04/4/2024 14:44

Vote probably delayed as dear Eric has locked himself in a broom closet at the sight of some angry PIs who made it to the meeting

[phillis] 04/4/2024 14:39

Or preparing the announcement for a conventional takeover process?

[lowtrawler] 04/4/2024 14:36

A lot of investment companies have employees in Guernsey. Any of them interested in trading the result would send a representative. The lack of trading activity shows nothing is yet known.

Unless key individuals have been delayed on route, or the registrar is late checking the votes, the only other reason for a result to be pending is they are in negotiation to take the vote over the line.

[clotted cream] 04/4/2024 14:30

When I went the fog set in, directors could not get their plane. They had to rough it on the ferry with me in cattle class.
To be fair had a decent with chat with Heber, a director out on the benches.

[phillis] 04/4/2024 14:21

Those who bought shares pm Monday and Tuesday might want to attend if it was important to them

[clotted cream] 04/4/2024 14:16

But who are you expecting to go to Guernsey for a meeting where you are hardly going to be welcome?

Was an investor from Guernsey when I went though. Maybe he is still around

[lowtrawler] 04/4/2024 14:04

I was expecting news to leak about 2 hours ago. There is no way a result is known and has not been traded against. The only plausible explanation is the meetings have not yet happened.