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I think you will get the hang if you read the stuff below but, 4 concessions in USA, underexplored gold area, 6 prospects with a lot of work done on them historically, slam dunk. We're off to 10p.
...considering that GGP went from sub 1p in 2018 to +23p today! That would be sweet :)
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.
Well, I IG is still waiting for the new ticker to appear, till then this is a bit of kaos.
Such a low mcap with this upside and nobody has eyes on us because it cannot be traded.
In fact it's showing as 'delisted'...
Cant sell on HSBC??
Any ideas
I use investing dot com, widget. Start portfolio, and the top 8 or so will show.
It immediately shows the time and price of most recent trade. I use it just for this.
Will give the live chart one a try myself, if anyone knows a better one am ready to try it.
A gold rush always looked better through new shades. I'll let you get on
Think it was livecharts . Co .uk
I remember before the stock was suspended in June, someone mentioned a website that had live pricing on it rather than 15 minutes delay. What was the name? Can you let us all know?
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.
Well done Richland / Lexington gold :-)
Acording to Sharepad the mcap is 3.3M
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.
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
Jim, if the fractional charges call it that, are important to you in the slightest. In the future, especially whrte cash shells are concerned or stocks you hold that have billions in issue (likely to consolidate). Sell or buy to round up your holding to the nearest 10.
"No Shareholder will be entitled to a fraction of a New Common Share and where, as a result of the Share Consolidation, any Shareholder would otherwise be entitled to a fraction only of a New Common Share in respect of their holding of Existing Common Shares on the Record Date (a "Fractional Shareholder"), such fractions will, in so far as possible, be aggregated with the fractions of New Common Shares to which other Fractional Shareholders of the Company would be entitled so as to form full New Common Shares (the "Fractional Entitlement Shares"). These Fractional Entitlement Shares will be held in Treasury by the Company.
Shareholders with only a fractional entitlement to a New Common Share (i.e. those Shareholders holding a total of fewer than 10 Existing Common Shares at the Record Date) will cease to be a Shareholder of the Company."
From RNS on the 2nd of Nov.
Gl
So I had 773348 shares in RLD and now I have 77334 I appreciate the practicalities of the consolidation and the need thod rounding down (but never up)
So what happened to the value of my .8 It may in my case be miniscule but over many customers this has a disticnt value I would have thought.
do they just run off with the money and have a laugh at the group of investors expense???
Halifax (my broker) say its down to RLD not them (so please go away)
So no retirement yet??? Seems like munchlet was getting a bit carried away with things....
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.
Yes you can use tax losses carried forward as long as you run them through the company where the losses were incurred.
Am i right in saying this share price is worth 10% of the pre takeover share?
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./
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/
Thanks for the reply Ian. Looks as though they are awaiting the registrar.
Can you recommend a good broker, been procrastinating on the change for too long. I also have other shares on markets my current broker doesn't deal in; any pointers? thanks :)