SMI - Santana Minerals

[teabag]

Thought it about time Santana had a thread now that its SP has doubled over the last couple of months.  For those NTL followers (yes I had a small holding in them at one time  ), Santana is the other side of the gold sovereign.  Confirmed high yielding deposits, good honest management, reasonably accessible, in scrub lands basically with no serious environmental concerns.  It won't be producing for 3-5 years yet but it is sitting on a sh*tload of good ore.

[teabag]

SP still going up, from AUL$0.51 three months ago to AUL$1.32 today. Rise seems to have been powered by Santana's presentation on 8 January.

[Hectorplains]

SP still going up, from AUL$0.51 three months ago to AUL$1.32 today. Rise seems to have been powered by Santana's presentation on 8 January.

Bell Potter like a bit of Santana. Tipped as a potential takeover target and they've raised their target share price to A$1.80 (NZ$1.93)

[teabag]

SMI in trading halt till coming Monday/Tuesday pending release of latest results.
This should be good news.  SP has been yoyoing a bit over last month or so.

1. Santana requests a trading halt pending the release of further information related to
the Initial Mining Assessments at Rise and Shine (RAS);
2. Santana requests that the trading halt remain in place until the earlier of an
announcement to the market regarding the above or the commencement of trading
on Monday 11 March 2024;
3. Santana expects that the trading halt will be ended by the announcement referred to
above being made to the ASX; and
4. Santana is not aware of any reason why the trading halt should not be granted.

[Crackity]

SMI in trading halt till coming Monday/Tuesday pending release of latest results.
This should be good news.  SP has been yoyoing a bit over last month or so.

1. Santana requests a trading halt pending the release of further information related to
the Initial Mining Assessments at Rise and Shine (RAS);
2. Santana requests that the trading halt remain in place until the earlier of an
announcement to the market regarding the above or the commencement of trading
on Monday 11 March 2024;
3. Santana expects that the trading halt will be ended by the announcement referred to
above being made to the ASX; and
4. Santana is not aware of any reason why the trading halt should not be granted.

The initial mining assessment was released to the ASX on the 6 Mar - this halt will be the ASX asking a please expain how the company calculated the operating cash surplus of 2 billion plus....

[teabag]

You are right Crackity, they have been forced to retract.

11 March 2024
Retraction of Announcement
Santana Minerals Limited (ASX: SMI) (the Company) advises that it retracts the announcement
released to the ASX on 6th March 2024 titled "Outstanding Initial Mining Assessments at Rise
and Shine" on the basis it does not meet the requirements of 5.16 and 5.17 of the ASX Listing
Rules and investors should not rely on this announcement.
The Company continues with the Pre-Feasibility Studies of the Rise and Shine and adjacent
deposits, comprising the Bendigo-Ophir Gold Project.