Member Info for aim999

Not ****e for one minute. I also know the ASX very well. Let’s see how it goes. I remember getting shot down here when it was +30p then +15p, now half again, so time will tell…… dont shoot the messenger

Check ou the listing costs and add all the professional fees just to get listed. Then all the ongoing expense. Seriously not cheap. Surprised shareholders aren’t demanding to know how they will benefit.

I am aussie and know the region unlike the herd who followed paddy and his sheep here at 35p+. Check your balance sheet and do a balance sheet projection for 2023 and 2034 .skint. ASX will make the situation worse and drain a bit more liquidity away and add extra compliance, regulatory, and auidt/professional costs. GGP will need to dilute further IMO. Any income is a long way away, discounted dilution will be the only way to keep afloat. Times are tough now…..cash is king

Short staffed? That’s clutching at straws. Clearly they dont agree with something - bad debts/ stock valuations etc - we will eventually know. Short term probably ugly, but i hope for the best they get over it and survive.

Doubt the aussies will be buying….i think some bemusement over the last year or two at GGP from them. Compare assets and valuations and you will see why. I can see the value in another listing on that basis and GGP is skint and ASX listing isn’t cheap

Shoot me down ….. but will be clear if you do your own research on ASX Goldies

What do the exisiting Shareholders get from the ASX listing if it isn’t another discounted placing? I would estimate $1-2M AUD for a listing and all the compliance and regulatory requirements. Even the initial sign up fee is $360k from memory. If it wasn’t to tap up for more funds why not get on with general business activities? Compare valuations with any of the mid-tier aussie ASX Goldies and it will become clear this is still over valued…. Even after the crash

Seems the PIs dont notice dilution when in reality it is the same as reducing their own stake in the project. Next dilution will be the ASX listing that will be more brutal than AIM. Many better opportunities there if you like gold exploration and way cheaper. Take a look at the quality ones and nearly all own 100% and many are bigger, more advanced, and in a better financial position. Cashflow is king and reality ……. Placings and pumping is insanity……still overvalued (i have been saying that since this was mid 30’s pence)…..

We have heard that daily over the last year ….. ‘hit the low’ but always goes lower. The nutters scream if anyone talks sense about valuation. Reality is cash is king in the current market and we dont know how long these conditions will continue. Management should have engaged with NCM and taken the cash for the 5%, rather than fight. Now shareholders have dilution and uncertainty. Go back and look at some of the ramping posts when this was 35p+ from paddy and the ramping crew. Now we could be in a illiquid market for sometime now (even years) and cash is now king.

I actually quite like this company assuming everything we know is true. I like the business model and the management, although had concerns regarding the previous CFO and him resigning raised concerns. Probably why i sold out together with the general market. Have been very temped to jump back in but the current red flags are too big ( my own industry knowledge and experience - normally issues with auditors are resolved relatively quickly one way or another even when a difference in opinion). This is a most unusual situation and could question the viability of the business model or the balance sheet if valuations are questionable. I hope not as i would like to get back in, but only when im sure, even if the price is higher. Best to watch and see how it plays out. I hope for the better outcome.

It was an unconditional offer

Maybe you dont know the region. They aren’t so pressured as they have another JV ( who also have another deposit). Also telfer has a few more years , they are still expanding. More pressure on GGP than NCM, they’re fine. Probably why they didn’t take up the option. Either get it cheaper later or not worth it.

I’m not sure why. All fact. NCM hold the cards (and have a flow of multiple development projects and producing assets). GGP need cash. Fact

NCM might get the remaining 30% for. Next to nothing if funding drys up for GGP. It’s super difficult to get funding now, especially as NCM hold all the cards. They could decide to mine whenever they choose as they are operator (years away if they choose). Don’t bank on this one (also dont shoot the messenger).

Very good presentation and informative honest answers. My takeaway is Sainsbury should be better places to weather the cost of living storm with customer base. I hope he gets over that suspicious cough…..hang onto your shares

Surprised there isn’t more interest in this stock….a nice set up for a 3-5 year investment. Even if times get tough this should continue to do well. ……

Maybe they should look at a breakup - sell the 3 assets and return the proceeds to shareholders….

Put the jokers out of their misery

Probably best hope is someone who is a good operator buys them out

These guys are experts at disappointing ……… considering we are in a bull market and gold is close to an all time high- and we sell gold at a loss. No wonder the share price is in the gutter….

I’m surprised there isn’t more interest here. A good entry price now.