Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO. Watch the video here.
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Met Kev a couple of times - like me (in the old, old days) I also worked as an electrician in and around Kalgoorlie.
He actually did me a favour at the raffles hotel in perth 1985 - remind me to tell ya about one. It will cost you a couple of pints mind šš¤£
NMC 4bill fraud ā¦ taken out of the company and sent to Indiaā¦ financial accounts were fraudulent and auditors missed itā¦. Nobody in gaol and shareholders lost their moneyās
Mh01 NMC were a ftse 100 company aswell !! Not just aim thats dangerous
Very true speedy but we can do without Francis mk2 š
Trippy we keep getting told weāre in elephant country, so you should expect a few.
Oh speedy we nearly went the whole day with everyone ignoring the elephant in the room! (Well done everyone) letās all try again and who knows the elephant may just give up soon š¤
I have no reason to be negative long term. It is a question of timing. I may be more cautious than others, and just for me it appears on this board, and I suspect others resuming the decline and getting whatever happens around Newmont disposals are factors to get out of the way.
Iām not gung-ho, that much is true. I can afford to wait, and find how different people view it interesting.
Just yanking your chain Ace š You stated the other day that some might know who you are, Iām just having a wild stab in the dark that you could be that famous ex Aussie miner/songwriter KBW
Speedy - Some people just do not know a "gift horse" when they see one.
Spade - I am not sure how to take that.
Speedy - I have a gut feeling that it is not too far away now.
Hi Culpepper. Why oh why do you always have a negative bias. With multiple variations on financing available, a processing plant just down the road, a decline just short of the ore with a pond in the way and a BODs with all the expertise to bring it all together. Huge FCF coming with the POG/Cu rising and profits incoming for decades. Cheer up man all is rosy. ATB Speedy
Hi Ace. Looking forward to that day, not too long to wait. ATB Speedy
Hey Ace, are you good Ol'Roy The Rooter by any chance ? ššš
NMC Healthā¦ Indian involvementā¦ fraudā¦ sent monies to India via their related company that did money transfers. Shareholders lost the lost, company went bust, creditors took over.
Spade - āIf my aunty had balls, sheād be my uncleā !
Remind me to tell you the one about my Auntie Sheila if we get the opportunity to meet at some knees-up celebrating our new found wealth sometime in the near future.
Lend a billion at a decent rate - mmmm I tink I know someone who would do that.
Colossi.
I doubt itāll come to blows between the colossae of the mining worlds.
Https://www.proactiveinvestors.co.uk/companies/news/13364/northern-star-resources-swoops-on-paulsens-gold-mine-16305.html
Itās been done before and itās been posted before,although most are and were already well aware. Achieving the ātall orderā is what the āheavyweight boardā are here for.
While we wait, just for fun in the first paragraph substitute Greatland Gold for Northern Star and Telfer for Paulsens and imagine. You may say Iām a dreamer but Iām not the only one.
GLA
However you look at it, any immediate challenge for Greatland, whatever might occur around Newmont divestment, is getting to mining, with the means to process the ore and get cash in to support mine development and exploration.
Thanks Speedy!
Was just concerned that we may be forced to give up some of our holding (after my parents' prior experience with certain Utility Companies).
I was also invested in a company called Essa Oil & Gas (some years back now) whereby the owners (the billionaire Ruia Brothers) initially IPO'd the company at north of Ā£5 only to force shareholders to sell their shares back to them at around 40p some years later, having intentionally driven the price down over that period.
Many (including institutional investors) lost a fortune (I made a a modest profit of Ā£400 having been late to the party) but as such I will never invest in anything with Indian involvement again (even more so after the recent sh8t show at Shanta Gold, where investors have basically been robbed, as all engineered by Ketan Patel!!)
Hi Culpepper. Just looking to the future. ATB Speedy
Hi Charter. HELLO, HELlo, HEllo, Hello. ATB Speedy
I wouldnāt worry about it. Greatland potentially are looking at fund raising, not spending in the foreseeable future on buybacks and dividends.
I think there's an echo on this board, lol! :)
Hi Matty. The stock purchased in a buy back are from open market, no one is forced to sell. Buying back reduces the stock in circulation therefor increasing value whilst reducing stock available to buyers so also increasing price asked. Some would argue "what about my divis?" My stance on dividends is no thank you. Divis only give you your own money back and reduce Co value. Divis to me are showing that a Co has run out of ways to spend profits so has reached max potential. If income is needed just sell a few shares is my view. ATB Speedy
Matty,
The company appoints a broker to buy them back in the open market, not from you or me. They will announce it via an RNs that they're commencing a buyback of "Ā£XXXX" amount and the broker will fill that order over a period of months or even a year.
If the shares are held in treasury then it won't have any effect on the sp. If the shares are cancelled it will increase the value of shares outstanding my the requisite amount.
Have a look at some of the bigger FTSE 100 companies, they do it all the time.
Also, it cuts down on admin costs and increases dividends going forward to shareholders (if dividends are in payment).
Hope that helps.
Rex