Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Yes EarlofAim..... there is no doubt we could do x3 or x4 as soon as this week......but the alternative is to embrace suspension for the RTO and look forward to the Re-list early 2023...That's when we'll see the potential x20 or more...!
not maintaining Investment Trust status is a blessing in disguise...DYOR
bankruptcy
Most look at this and get put off because it says "Investment Trust"
company should rns and clear it up that GRIT isn't investment trust anymore.
look how DKE risen from its low of £200K Mcap,
I can see this going higher because of the management.
Management are good and have experience.
GLA and Dyor
The market cap is actually more like £380k and the RTO anticipated is more like £10m...however even after fees we should be looking at least 20 X fold increase in our SP.
Pretty good odds of turning £2,500 investment into £50,000 early next year! Experienced fund managers, conversion of loan notes etc. inspires confidence to be measured against this extremely high risk but high reward if it pays off....but you must DYOR and make up your own mind...it is likely you could lose most of your investment...however I bought in 28888 this a.m. prepared to play with £1,166.25! GLA
they will have a target in mind. Experienced guys running the show now.
RTO will be significantly higher than today's SP and Mcap of £200k
more like £20M RTO value.
RTO coming
taken from 30th September rns
In an effort to return value for shareholders, the Company will now seek a ''Reverse Takeover'' (RTO) by the acquisition of a business which enables the Company to achieve an appropriate relisting on a public market. It is envisaged that the announcement of any such proposed transaction will result in the suspension of the Company's shares from trading on the Official List. If the Company is successful in announcing an acquisition in the form of a ''RTO'' the Board believes it will provide the best outcome for shareholders and provide a platform for the future growth of the Company
Rang the company they said GRIT is not an "Investment Trust anymore"
they advised me to read the RNS's.
30th September
management change the company from Investment trust.
GRIT not investment trust anymore!!!
plus listed on Main Market
opportunities looking RTO
with £200K Mcap I can see lots of companies lining up to RTO through GRIT.
Management converted their shares also a good sign
It is illiquid and an investment trust, put bluntly a cash cow.
I held for years, sure might get a little pump but that is about all you will get then you will get stuck.
tiny Mcap
main market
huge potential here
DKE Mk2
I had thousands in this, f**ked the lot of them off not long back.
Ops - it was a Share Capital Reorganisation
Bond - Well done ! indeed you were correct, nice to see !
Still watching Earl...
Still watching Earl...
Yes Earl, still watching...
MCap under £1m and only 50m shares. This should fly very soon!
In time.
So where are the promised plans?
From interims 30/09/2021.
They had time to plan
Board of directors
On publication of the 2020 Annual Report, the lifting of the suspension in trading in the Company's shares and the raising of additional capital, Stephen Roberts resigned from the Board (as announced at the time).
As soon as Malcom Burne and Richard Lockwood are appointed to the Board, I shall also step down from the Board. I joined in August 2019, with Stephen Roberts and Martin Lampshire, in order to oversee the transformation of GRIT into a company which could be re-launched as an active natural resources investment trust. Although this has been a much harder task than we had anticipated at the time, I believe that we have now reached that point.
Future plans
Further details on my successors and on their plans for GRIT (which include proposals for the re-building of a small diverse portfolio of natural resources investments) will be set out in an announcement to be published at the time that they are formally appointed (expected very shortly). I wish them and Martin Lampshire, who will continue as Executive Director, every success for the future of GRIT.
MM's asking 500,000 @ 1.71p dummy sell.
Good.
ONLY £0.6m Market Cap
Recently raised £600,000 cash
Looking for investment in Natural Resource Sector.
New Board Changes to GRIT
Richard Lockwood Non-Exec Chairman of Ausgold Limited
Total Assets: $58,573,879
Malcolm Burne Chairman of Golden Prospect Precious Metals
Market Cap: £40,000,000
Richard Edwards has sold out, his remaining 288,888 in the RNS has been sold today, trade no.7.
and MM's still struggling with shares. This is telling me there is a back order to fill.
I'm expecting director RNS Holdings to appear soon.
Trades coming through from Friday, MM's have to balance their books, so they will need shares. Looks like they are struggling to get any PI's to sell. Price will go up for PI's to sell so MM's can balance their books or fill back orders.
Today's 11% drop scare, didn't even last 5 mins, recovered right away.
MM's you want some, come get some.
Richard Lockwood and Malcolm Burne both recently appointed by GRIT, Richard Lockwood and Malcolm Burne, both of whom are veteran fund managers, with exceptional records in the natural resources sector, will join the Board as Chairman and Executive Director respectively with immediate effect
Richard Lockwood Non-Exec Chairman of Ausgold Limited
Total Assets: $58,573,879
Malcolm Burne Chairman of Golden Prospect Precious Metals
Market Cap: £40,000,000