Shanta Gold Share Discussion Threads

[source] 06/4/2024 10:47

Please fill in poll here:-https://x.com/itsrichhoblyn/status/1776554905865511256?t=RueE6dkW_uF0WRfXSs5Y0w&s=08

[phillis] 06/4/2024 10:33

Perhaps it is just because the instis are more experienced and wise compared to the private shareholder
You had your vote and lost
Get over it

[hobo66] 06/4/2024 10:20

Please see the X vote @itsrichhoblyn

[hobo66] 06/4/2024 10:19

https://twitter.com/itsrichhoblyn/status/1776554905865511256?t=RnTtazbrE3kqkebhHuTGug&s=19

[source] 06/4/2024 10:12

Journalists need to be all over this and Bidstack. There is a huge story here around corrupt market places/managements & advisors. AIM is a cesspool of theft last few years and institutional money is always allied against small shareholders too WRT inside information, bizarre anti shareholder value voting & retail stitchups.

[lowtrawler] 06/4/2024 07:27

Pooldar, no.The company clearly stated there were no other approaches. If this were not true, all the other company would need to do is issue their own announcement and the Shanta board would be facing criminal charges.

[pooldar] 06/4/2024 05:55

Is it possible that there was other interested parties in making a bid but the corrupt management refused access to books?

[johnwise] 05/4/2024 21:11

VIDEO

Governments Sleepwalking into Debt Trap with Alasdair Macleod

[juju44] 05/4/2024 18:40

They are not all winners RED . I have had some wipeouts in my day but I like the chase. Do some serious looking at EEE - nai . Good luck to Alan and yourself

[alangriffbang] 05/4/2024 16:54

juju CEY has bought me nothing but bad luck over the years they always seem to have problems , as you know SRB and AAZ are the main two I’ve stocked up on ,if you looked at the previous posts I’ve got twenty one million Perseus mining they bought out amara mining and at the time I went crazy buying them they are cheap and they pay a dividend which went into my bank today invest direct don’t deal in them but I’m sure you could buy them from somewhere, good luck I will miss you on here,

[juju44] 05/4/2024 16:45

I bought CEY, SRB, HOC,with SHG proceeds ( all well up) and have been holding K92 and FR 9 Both Canadian) Just sayin , not advising

[alangriffbang] 05/4/2024 16:41

juju which ones ,I think I’ve got it well covered but could have missed something ,

[juju44] 05/4/2024 16:17

Why dont you guys accept reality and dump this dog (always was one ) and put your money to work elsewhere to catch the raging bull market in PM miners

[michaelfenton] 05/4/2024 14:44

A free carry would be poetic justice.

[lowtrawler] 05/4/2024 12:01

RH, you are likely to have difficulty following it. A private group and so they don't need to publish what they are doing. All you might get are any JV's they put in place or asset sales if they go down that route.

At the moment, Shanta are probably generating c.$60m FCF each year. Enough to repay the purchase price over the next 3 years. I expect them to complete WK feasibility and get in a JV partner on a free carry. It will mean any cash generated in Tanzania can be used to pay the loans and expand Singida. In 3 years, they will be effectively debt free and generating over $75m FCF from Tanzania and have a pipeline of income to come from WK.

The only potential fly in the ointment comes from the Tanzanian government. It would be sweet if they decide to take a large free carry and upset some of the Patel plans.

[redhill] 05/4/2024 11:45

They formed a new Company for the takeover with a massive bridging loan which by its nature is not long term.
I wonder how Saturn resources will repay this facility and finance West Kenya.
I will certainly be following this all with interest.

[redhill] 05/4/2024 11:42

I really expected to see some form of counter offer as we were led to believe the stock was undervalued.
I wonder what has put other bidders off from making a play.

You also start to think that Export Trading group never really relinquished control after the original flotation.

[phillis] 05/4/2024 11:35

Bought this morning again

£3.50 dealing cost

Yes indeed Kenny
Where is Chestnuts?

[zcaprd7] 05/4/2024 11:18

Don't ever forget that hedge either!

[lowtrawler] 05/4/2024 11:02

1hercule, you will make 2.4% less dealing costs with payment in around a month. On an annualised basis, that's not bad. No stamp duty on Shanta so could be a good place to park surplus cash for a few weeks.

[1hercule] 05/4/2024 10:24

Thanks mike. I was wondering whether its worth buying to get 0.3p. 0.45p would have been better.

[nav_mike] 05/4/2024 09:58

Can anyone give me the answer on how to stop email alerts for SHG coming through?

I followed instructions day before yesterday, and it does show "you have no alerts configured", but Im still getting them.

TIA