The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Form of Securityholder Notification
30 October 2020
LEI: 635400MFOIY6BX1JUC92
ISIN: XS2066850855
LSE Code: 3SRR
GRANITESHARES FINANCIAL PLC (the "Issuer")
GRANITESHARES 3X SHORT ROLLS-ROYCE DAILY ETP SECURITIES (the "ETP Securities")
NOTICE OF AMENDMENT OF MINIMUM REDEMPTION AMOUNT
THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION. If you are in any doubt about what action you should take, you are recommended to consult your independent financial adviser.
NOTICE is hereby given by the Issuer to the holders of the ETP Securities pursuant to Condition 20(b) (Notices) that, in accordance with Condition 8(e)(ii)(A)(I) (Suspension Threshold Trigger) and following the passing of a written Extraordinary Resolution in accordance with paragraph 11 of Schedule 3 to the Master Trust Terms, the Minimum Redemption Amount has been reduced to an amount equal to 2 per cent. of the Value per ETP Security as at the Suspension Threshold Trigger Date occurring on 16 October 2020, such amount being equal to GBP 0.013004.
Capitalised terms not defined herein shall have the meaning given to them in the Issue Deed relating to the ETP Securities).
This Notice is given by the Issuer
GRANITESHARES FINANCIAL PLC
6months license extension
https://drillordrop.com/2020/10/29/short-extension-to-brockham-licence/amp/?__twitter_impression=true
#PPG would perfectly fit for Mast IPO
£450k Mcap as it stands
Expecting the action overthere
itisagame very interesting indeed hmmm
MED RTO here anyone???
https://twitter.com/YakoubYakoubov/status/1319655803717124096?s=19
This could be massive
"...Stabroek Block, we have the Orinduik Block where Tullow Oil is expected to drill a well there in the 2022..."
https://oilnow.gy/featured/new-exploration-wells-multiple-appraisal-drilling-for-guyana-offshore-rystad-energy/
https://www.insidermedia.com/news/midlands/rolls-royce-reveals-mod-agreement
Read up about Vela restructuring
Restructure done at 0.024p overthere, sp was ~0.065p at the time of restructuring. Share price zoomed to 0.185p in less than 10sessions
Liquidity event is happening here.
Position yourselves accordingly.
It will be fun fun fun
Good Fortunes all
Check this venture listed on ASX #TSL with Mcap of ~£29M
https://www.titaniumsands.com.au/investors/presentations/
They have explo of the same heavy metals but north of SriLanka Island
Capital Metals located at South East
This is closest comparison I could find
There is another operator of heavy metals Iluka as well
£3M is about right
Check #PPG
£500k Mcap
Haha tell me about it
Ain't that hard 0.75×20
And all hell broke loose due to abacus not swiping in three qtr's ha
Haha looks like schoolboys from Hackey Abbott jnr classroom spread around PAL lols
Readmission before Christmas
20p tops out and dinga ling ding ding
Haha you will be fetching her brealfast in bed and changing flowers every day
AimSurfer,
You need a strong cuppa to sit back down with your numbers lols
Shares in issue 456m, 22.8m post 1for20 consolidation
Market cap stays the same whether at 0.75×456 or 15×22.8, which is £3.42M
Deal is £15.8M for 132m shares post 1for20 consolidation at 12p
Raising £2M assuming at 12p post consolidation price or 0.6p pre consolidation, so issue of 16.66m shares
Total shares in issue on readmission 22.8m(456m consolidated shares)+132m(acquisition shares)+16.66m(placing shares at 12p) = 171.46m shares in issue
171.46m shares × 12p = £20.57M Mcap
Suspended at ~0.75p or 15p post consolidation so in theory it should come back at 12-15p or £20.57M-£25.72M Mcap
You are welcome
0.75×20= 15
Suspended at 15p post consolidation
Deal done at 12p (£15.84m/132m= £0.12 or 12p)
Raising £2M cash as well, price not mentioned so assuming it will be same as acquisition price which is 12p post consolidation or 0.6p pre consolidation.
If all nice and clean they anticipate the fast transaction and relist before Dec possibly due to most paperwork setup already which leaves to send them to listing authority.