Stefan Bernstein explains how the EU/Greenland critical raw materials partnership benefits GreenRoc. Watch the full video here.
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Russian gold exports were £12.6 billion last year…
https://www.reuters.com/article/ukraine-crisis-gold/uk-u-s-japan-and-canada-to-ban-russia-gold-imports-idINL8N2YD01B
Meanwhile the following suggests Russia contributes 4%
https://www.worldstopexports.com/gold-exports-country/
I suppose it doesn’t stop Russia exporting to plenty of other countries, however if gold is being used to prop up the Rouble then it’s just yet more demand on gold to push the price up
It's more a gesture on Russian gold more than anything else from a technical point if view. But from a market sentiment point of view, its really nice to keep gold in the news.
@SoaG Largely academic as the Russians are not selling gold they are still digging it up, buying or or taking it in payment for oil & commodity sales. Russia is using gold to back the Ruble at their Central Bank as it cannot be sanctioned and no counter-party risk plus it can be used to buy stuff they need as they have been shut out of SWIFT.
What it DOES do though is keep a bid under physical gold
ATB APR
Ban on Russian gold imports. That should put the POG up.
@Suggins It is difficult to tell with a 6% holdings cut-off what a fuller picture looks like but in 'broad brush-stroke' terms there has been a very large rotation from original corporate/institutional holders that providing funding to PIs.
ATB APR
Perhaps you are right aprogerson.
I have to say that I was comfortable making the assumption that the shares had gone into the hands of private investors without a list of nominee holders being given. We haven't had a flurry of notifications so I thought it had to be. It is also perfectly possible for a TR1 holder or management to hold via a nominee/broker and therefore listing them can create possible double counting.
What do you make of the disappearance of the management shareholding from the list ? Neither here nor there or a deliberate move before the 'unlocking' and a possible reduction in the overall holding ?
@Suggins Oh contraire, it does tell you that 37%+ of PIs have been buying in since Aug-21 launch with Nominee accounts when HNW/PIs represented circa 15% (Heiko Thomas @10.5% & Sylvia Schmidt 3.97%) @launch of GCAT. It also tells us that the same now 37% must have been sold by 'other' entities that held at launch or acquired shares via Feb-22 capital raise, warrants or Management performance shares since launch.
When you adjust for increased number of shares in Jun-22 add in HNWs et al such as Heiko Thomas DEU now @8.37% & RMcCrae @4% (?) then it is not an unreasonable conclusion to say that probably over 50% of GCAT shares are now held by PIs, management and HNW individuals.
IMHO real people making real decisions based on their own research with their own hard-earned money speaks volumes in this market. Institutions just wanting to get their money out and others buying 'real' stuff at good value prices and/or averaging down speaks of 'quiet confidence' to me especially against a very uncertain market background.
ATB APR
I don’t see the point in listing nominees/brokers ; tells you almost nothing.
@itsyou it's confusing and you're probably right regarding DEM.
But compare Q1 presentation with today's.
Q1: DEM – Deutsche E Metalle AG (Germany) 11.6%
Orca Capital GmbH 9.32%
Goldplat plc 9.12%
Board & Management 21.07%
Other 48.89%
Today's: Hargreaves Lansdown Stockbrokers ENG 15.84%
Heiko Thomas DEU 8.37%
Interactive Investor Services Limited ENG 7.56%
Jarvis Investment Management Limited ENG 7.44%
Halifax Share Dealing Limited.
As you can see they can't be compared very well , are we to presume those not present from Q1 have sold (including BoD and management).
Transparency is important and this is clear as mud
They held ~187M according to Q1 presentation - 11.6% of 1.615M on page 4. Maybe they had more before that date; they were a seller.
So would appear that DEM as an entity sold their excess holding above that held by Heiko, hence Heiko now being named again?
They then must've increased, post RM chat at indaba!
They
@itsyou
Admission document says Heiko Thomas holding 10.85%
157.2m shares from 1,448m share count.
Today's presentation says Heiko Thomas holding 8.37%
157.27m shares from 1,878m share count.
Heiko is D.E.M. They sold a third earlier in the year to fund a South American project.
Goldplat hold ~ 5.5% and are locked in. They have no need for the cash, as the business is throwing off shed loads of cash atm and have been returning cash to shareholders. I know, because I hold a stake bought in late march. A Brucie bonus, as I indirectly get additional GCAT shares :-)
WH Ireland mentioned Caracal this week here(2mins in) https://www.youtube.com/watch?v=7YwkHxH835c&ab_channel=CoreFinance
Which show's they are looking to benefit from Kili upside, which implies they are not looking to sell. But the main thing with them is they are generating more cash than they know what to do with, so why sell GCAT shares!
Thanks Bebeto
@ID78 Heiko Thomas still holds the same amount if not slightly more shares.
Last post, I need to get back to work
-582,500t ore x 50% recovery x 1.62 g/t / 31.1 = 15171oz
- presentation states 15196oz
Low recovery and grades are assumed as well as low throughput (limited by ore mining capability)
I think they are (hopefully) under promising …..
Oh- and no discussion of a new elution plant, that seems to have gone away?
I really am confused about the production numbers. We’ve been told they have managed to hit 1000oz (or close) in 1 month using the existing plant.
The planned production for 22-23 is 15,196oz (1266oz a month with the plant1, plant 2, plant 3 and plant 4. I feel the numbers are very conservative.
Or, is it a realistic reflection of being able to mine enough ore?
Hmmm
- Heiko Thomas is mentioned in the prospectus, and held 10.85% of the share capital on admission
- Heiko Thomas 10.85%
- Goldplat held 7.17%
- Sylvia Schmidt 3.97%
- Theseus Enterprises 3.82%
- Mayflower Capital 3.68%
In the previous presentations
- DEM hold 11.6%
- Orca capital 9.32%
- Goldplat 9.12%
June 22 presentation
Heiko Thomas - 8.37%, No Goldplat, no Orca.
- Are DEM and Heiko one and the same?
- Goldplat and Orca could still hold but less than 6%.
It would be good to know a bit more, but we can conclude Goldplat and Orca have been selling and private investors have bought in, massively.