Member Info for Academy

We are back to 18.5p old money.

We were almost that level in mid June - pre ASX !

When gold was around 3,300USD !

On close today, gold is 25% higher and we are 4 months closer to drill results , potential Telfer extension indicators and the Havieron FS.

Thanks Hydro, appreciated.

They're saying "Companies like Greatland Gold (ASX: GGP) screen cheaply with implied gold around US$2,300/oz, well below spot. Essentially, GGP’s share price could increase by 58.4% and still be considered fair value compared to the current spot gold price."

Takes us to around £4.80 on that basis

No tomahawks for ukraine. Not the strongest message

Can you pls share the article you refer to at the end of your post hydro

Surprised that eua is holding up with this threat hanging over

https://news.sky.com/story/china-military-parade-ukraine-war-xi-putin-kim-beijing-drones-latest-live-updates-12541713

Shaun Day has clearly said he has no short or medium term ambitions to buy Antipa, so put this idea to bed. Antipa need Greatland more than Greatland need Antipa. And as they have no ability to process, they will eventually become desperate, either to sell at a bargain price for us, or to enter into a tolling arrangement.

This post reminds me of frequent similar ones in the run up to the high 30ps "i'm all in" "ive sold everything to go in here" "Ive remortgaged the house" etc etc. there were so many

Hi does anyone here have a link to the telegram group chat. Mine appears to have vanished. Many thanks. Academy

BC, I could be wrong but I'm not sure it works that way. More likely market makers/ arbitrageurs in action than Oz investors on aim. They will be buying on the ASX when it is open.

Interesting explanation below (from ChatGPT) on how our cross listing will work and affect pricing. Hopefully over time it will all settle.

how cross-listed shares work, particularly across non-overlapping time zones like AIM (London's Alternative Investment Market) and ASX (Australian Securities Exchange).

💡 Basic Concepts

A company can list its shares on more than one exchange (called cross-listing), but there is usually a single pool of underlying shares, and trading on each exchange represents claims on the same economic interest. These shares are either:

• Fungible between markets (can be transferred between exchanges)

• Or are represented differently on each exchange (like CDIs on ASX for foreign shares)

🌏 AIM and ASX: No Trading Overlap

AIM (UK) and ASX (Australia) operate in different time zones, with virtually no overlap in trading hours.

❓ So What Happens if There’s Heavy Selling on AIM?

If there’s heavy selling pressure on AIM while ASX is closed, here’s what typically happens:

1 Price Drop on AIM: The AIM-listed share price drops due to local selling pressure.

2 Market Makers/Arbitrageurs React:

◦ Professional traders or market makers notice the price discrepancy between AIM and the ASX price (when ASX reopens).

◦ If the AIM price is significantly lower, arbitrage opportunities arise.

3 Cross-Market Arbitrage:

◦ Traders buy on AIM (cheap) and sell on ASX (expensive), or vice versa.

◦ To execute this, they typically convert or transfer the shares between registers:

▪ E.g., transferring shares from the UK register to the ASX (or vice versa) using a custodian mechanism(like CDI conversion in Australia).

◦ This keeps the price between the exchanges aligned over time.

4 Settlement and Custody:

◦ There’s a backend transfer via custodians (e.g., CHESS Depositary Interests in Australia) that keeps the share registers balanced.

◦ The total number of shares globally stays the same, but their location on each market can change.

🧮 Analogy

Think of it like water in two connected tanks (AIM and ASX). If one tank loses pressure (lots of selling), it creates an imbalance. When the valve (time overlap/arbitrage) opens, water (shares) shifts until balance (price parity) is restored.

📌 Summary

If there's heavy selling on AIM:

• Prices fall on AIM.

• No immediate effect on ASX prices (as it's closed).

• When ASX opens, prices may adjust downward — driven by arbitrage or investor sentiment spillover.

• Behind the scenes, custodians may shift shares between markets to reflect the change in demand.

BeContrarian- are you saying the Aussies were hoovering up on aim today?

There is a very long way to go for the liquidity transfer from aim to asx. IMO we should be seeing some very positive price action as this transfer unfolds.

Barclays still showing old pricing on my accounts. Anyone else with them?

Which currency?

Schlemiel i recall your exit first time around was 20p which ultimately proved to be a smart move. What do you have in mind this time around?

Sageman, how will our asx listing change insto demand on aim? They are unrelated exchanges?

Ukrainian President Volodymyr Zelensky tells the BBC that Ukraine remains ready to sign a rare minerals deal with the US following his heated confrontation with Donald Trump on Friday

Https://x.com/osintradar01/status/1894074054602096941?s=42

I’d be very surprised if there wasn’t a huge sell off this afternoon. After many years in the stock I decided to exit myself , at a very large loss, pending resumption of trading. The recent roller coaster ride and p&d’s have given me a new perspective and there are better places to place my money, for the next few weeks at least.

Once the sells have been mopped up watch the Phoenix rise. Do you think whichever knowledgeable investors who pushed this up on Friday and this morning are going to stop? I don’t. Traders paradise this one, but a dangerous game. Hold tight!

Nothing goes up in a straight line. Bound to be some pull backs during the day. 10p by lunch easily possible. 40m traded in the first 40 minutes. We had 120m on Friday.