Shanta Gold Share Discussion Threads

[redhill] 16/4/2024 08:14

One that should have been released before any vote.

[arlington chetwynd talbott] 16/4/2024 06:49

And now a positive West Kenya Drilling Update. Again, interesting timing.

[lowtrawler] 12/4/2024 22:36

I'm afraid we can only assume chestnuts sold up and moved on while telling everyone to buy as his hedge fund pals would force a much higher price. I can see he is still active on ADVFN, just not on the Shanta thread. Frankly, it was always difficult to believe what he was saying and his predictions / methodology fell into the crackpot category. Hopefully, nobody acted on what he had to say.

[redhill] 12/4/2024 18:17

Where's Wally ?

[kennyp52] 12/4/2024 16:43

Dave the horse .. agree 100% . I got slated for selling and putting the cash into FRES and a top up in CEY .. where is that chestnuts guy now ? 🤷‍a94;️

[davethehorse] 12/4/2024 09:58

Everyone has been robbed twice, once on the takeover and once on the time it takes to get your money with gold and other miners flying before you can get your money out

[fitton] 12/4/2024 07:56

Just sold my last 1.1m shares in Shanta.Decided to sell early rather than get the full bid price.The anger I feel watching gold go through the roof knowing Shanta has been robbed from the shareholders is not worth it on a daily basis.I'm deleting Shanta from the monitor.Hopefully all long term holders here will make a fortune from other investments and fingers crossed, the Tanzanian government will take more or the pie or the gold stops flowing.I've been trading for 40 years but have learned a very valuable lesson from the way this has gone so never again.

[source] 11/4/2024 21:33

At this price, gold is $400 per ounce higher than the average realized price by gold miners in Q4. Currently in Q2, most of the increased margin is falling right to the miners' bottom lines. Shanta management have not acted honourably or in shareholders interests & have now stolen our company after years of private funding they are minting it now. Well done yes voters & lazy institutional investors. You played yourselves & sold a golden goose for a pittance & in doing so shafted shareholders also. lol

[redhill] 09/4/2024 13:47

Phillis

I agree it is only the number of shares counted at the meeting but prior to that their was a court hearing.
At this court hearing their had to be a majority of votes cast in favour with only one vote per shareholder.
pi's never realised that their vote would be amalgamated so say HL voted against the resolution that would only count as one vote no matter how many shares were held.
That is the problem with holding shares in nominees names.

[phillis] 09/4/2024 10:49

You are more than stupid
It is the number of SHARES voted that counts
DOH!

[redhill] 09/4/2024 10:41

Grounds for appeal ?

[redhill] 09/4/2024 10:27

Funnily enough we could have scuppered the vote if we knew the rules.
At the court hearing there were some 82 votes for and 37 against.
Now that sounds very low of course but when you put in your NO vote to your broker they amalgamated them so that your broker only had ONE vote at the court meeting.
Having paper certificates for just 47 more people who voted would have got it thrown out.

[redhill] 09/4/2024 10:24

LT

Wow you sound like you are part of the management team.

[lowtrawler] 09/4/2024 09:53

colliera / NAV_Mike, I have no trust in the rules of the game, particularly on AIM. However, a vote is a vote and we lost. Every shareholder new the offer was too low and could make up their own minds without listening to Liberum. IMV, small shareholders overwhelmingly voted against but every institution voted for. They were concerned about liquidity, we were not.

As for making available all drilling and financial information. The company will almost certainly tell us the drill results for Tanzania only came this week and were published immediately. If you can prove otherwise, knock yourself out.

[fitton] 09/4/2024 09:15

Well said.Gold was going in one direction and Shanta were going to be my way of taking advantage the the increasing gold price.Long term plan up in smoke.I'm slowly selling down my holding.I'll be pleased to see the back of Shanta and Zurin.This is my last post, good luck to all

[colliera] 09/4/2024 09:14

Lowtrawler, I think your post suggests a level of trust in the rules of the game which many now believe is running thin on AIM, and which probably contributes to the market's under-performance of late. Poacher can also seemingly be gamekeeper on AIM. Liberum is both broker and Nomad for SHG.
All their most recent recommendations have been above 30p for Shanta.
On the 13.5p bid "the Acquisition is also classified as a related party transaction for the purposes of the AIM Rules. The Independent Shanta Directors consider, having consulted with Liberum, Shanta's nominated adviser, that the terms of the Acquisition are fair and reasonable in so far as Shanta's Shareholders are concerned."
Something doesn't sit well here with me and many other PI's (yes, we could just be a noisy minority).

[nav_mike] 09/4/2024 08:42

LT

All very noble of you but imho all drilling and current financial info should have been in the public domain before a crucial vote was taken. However as you saym it was utimately decided by the major holders who just wanted whatever gave them a rapid exit strategy

Looking at the current gold price it makes me sick to think how much money the thieving parasites will be making at our expense. I only hope that karma strikes in some way to deprive them of their ill gotten gains

[lowtrawler] 09/4/2024 07:47

We're all disappointed to lose but the game is over. Even as PI's we new the drill results for Tanzania would be good and extend mine life. The institutions would certainly know. They voted for the bid anyway. At the end of the day, I think liquidity was a bigger concern to them and the bid gave them an opportunity to exit while they didn't need to worry about liquidity. That's just the way it is. We learn and move on.

[p@] 09/4/2024 07:08

Insider dealing?

[frogkid] 09/4/2024 07:04

Seems the board were sitting on these drill results. Could be a case for City of London plod.

[p@] 09/4/2024 06:52

Now the bids over all this is revealed!

[arlington chetwynd talbott] 09/4/2024 06:47

An interestingly timed RNS.