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Does anyone know the current market cap for the company? post consolidation? I am interested as if it is around 3million and they have raised 3.3million at 2.75p then this is trading near to cash levels. Have seen few gold plays do very well over last few years or so, Solgold was at 2p at one point now we are 36p, then Greatland Gold 1P to 23P, the RTO method of entry indicates strong confidence in the prospects and like the area being geo politically stable, but a question does anyone know if SolGold or Greatland Gold are actually producing any gold at present or have they just discovered a lot of it? I am interested to see the mechanics of what prompted such a large rise in MCAP.
Brgds
Donato84
With circa 261 million shares in issue.
At placing price of 2.75p.
Mcap is around 7.1 million.
With £2.5 million cash said to be enough for 2 years, so no expected raise till towards the end of 2022.
No expected cash raise over next two years. The funds raised now will be used for a drilling programme. Numerous drill logs will aid the understanding of the geologic formations, as this emerges reports/feasability studies will be issued and hopefully reserves, resource estimates will be updated, which should fuel the share price. With luck proving up resources in a target/s similar to Haile.
https://www.miningdataonline.com/reports/Haile_2017_FS.pdf
sounds good, will be keeping an eye on this. Most likely may drift towards placing price, am aiming to maybe get a holding below 3p- I imagine before the change to LEX.L will maybe reach here, 7mil mcap still is quite reasonable, cannot believe that greatland gold once a 1p share now is valued at nearly £1billion, yet there is hardly any talk about this share on its quick rise to the top, basically something I noticed over the years, shares that are not overly talked about or rising without much attention tend to be the ones worth focusing on. Not sure of the corporate broker for this one will have to do a bit of research into them, but this seems like a good share everything being considered/
One other point mentioning, I am not too aware of how these placings etc work but if they have recently raised 3.3million the 2.75p figure would probably seem to be a good floor level for the share price, which as a new investor seems reassuring as you can literally be getting involved at the very beginning dependant on your viewpoint. Does anyone know if the company can utilize the tax losses from the previous business yet? If so how can this be evident in the MCAP? sorry for all the technical questions but I seldom make investments but when I do I tend to take a decent size and have no problem being patient to see things develop, but as with all things I like to do my own research before I get to this stage./
Am i right in saying this share price is worth 10% of the pre takeover share?
Yes you can use tax losses carried forward as long as you run them through the company where the losses were incurred.
Hi Mark, if you mean the price immediately before suspension, the price is effectively the same. On my broker, the last price was showing as 0.32p. As part of the changes from today there's been a 10:1 share consolidation. I had about 1m shares, which are now about 100k following this consolidation. At the same time, the price was multiplied by 10 to a notional 3.2p, so the value of any shares you hold should be unchanged (barring any rounding down of shares). My broker, IG, has currently got it all wrong on my RLD holdings but this has happened to me before on a different share and can take a couple of days to sort out.
So no retirement yet??? Seems like munchlet was getting a bit carried away with things....
Ggp are exploration ,development firm,a lot of their rise has to do with the farm in venture at Havieron with major Aus miner,Ncm,who are doing the work,drill results keep getting better,awaiting results at the wholly owned site so no ggp not producing,hopefully never will and Ncm buy them out
I hope the future Lexington Gold follow the same pattern as GGP: that is, find it, prove it up, then sell it or JV it with a major for cash and/or a share of the eventual output revenues...then repeat with the next prospect. Most small outfits that attempt to go from small explorer to large scale mining (even not so large scale e.g. WLFE or SXX to cite just two recent attempts) end in failure.
Acording to Sharepad the mcap is 3.3M
Oaber, a lot of platforms haven't adjusted following the consolidation. That one your looking at, may still have the total shares in issue at 1.1 billion and may still be stuck at the old price of 0.003. That gives the 3 million mcap.
It will all correct soon.
thanks for the response, I think my question here is are these realised losses brought forward worth any kind of goodwill value etc, that could reflect in the market cap/price per share? I am not sure how this works but that I read somewhere is one of the attractions of RTOs like this.
...considering that GGP went from sub 1p in 2018 to +23p today! That would be sweet :)