Member Info for antigua18

To be fair to SD, Donald didn’t push for an answer and was too busy looking at the next question rather than listening for a response. Shaun answered the first part before Donald moved on.

Matty, I hope you’re wrong, but he does have form in that regard.

So much so he changed his tune after the previous raise and said only if it were accretive, so a man of his word on this occasion and although I didn’t agree with the discount, he’s pulled a blinder.

Can we assume that we will own the top hat company or could we be spun out as GGP owners only.

Why would they need to issue more shares to join the ASX, surely there’s more than enough, especially as they are looking to consolidate. Makes no sense

If it were limited to existing shareholders there may be a chance it may not be filled, due to the fact many Pi’s are already loaded up. This then could be perceived as a negative, so better to have open to all to ensure full take up.

I’m with you Matty, but will be more than happy to be proved wrong.

Id prefer mickeys 144 😂

Unfortunately this share is unlikely a life changing one from this point, yes it will probably earn people a good healthy profit, but not quite the hefty amounts many of us dreamed of when we invested all those years ago.

Whist I appreciate the deal is accretive, I can’t help feeling annoyed at how it’s played out. The share price is on its knees already, down to delays and uncertainty due to dealing behind the scenes, so why choose now to do a raise with considerable discount. Suspension has shafted us and means we have missed out on what I suspect would have been a substantial re-rate from where we’ve been.

Companies always happy to give away equity at the lows rather than in a rising share price.

My suspicion is that the share price has been held at this price for this very reason, to rebalance shareholder register away from pi’s

It would be so bad if tax raised improved the country, year on year we pay more tax and yet everything gets worse. The wastage is breathtaking!

This new Gov appears to put us Into the same bracket as millionaires and that it’s their duty to redistribute our wealth.

Worrying time for those of us that have money saved.

Totally agree Mark. Anyone who’s been here for a while has seen all the name calling and hair pulling over the years. Sadly, it’s just human nature.

Although I do question why some who have declared they’ve sold or that the company is non investable and post daily, every single thought that bounces through their heads. Is it an effective use of one’s time, would it not be better spent moving on to fresh pastures, for there own sake and everyone else’s.

Thanks for the response Dip, events seem to have overtaken us since the discovery at Hav all those years ago, so many twists and turns since we were a humble explorer. Nobody would ever have guessed we would more than likely end up with the whole lot.

I’ve held this long with the hope of life changing gains, but now fear they will be replaced by moderate gains depending on people’s entry point. This by no means blaming SD or GGP, but more a reality I fear, that comes with the need for massive amount of cash.

I still hold the hope that Shaun can work some magic to alleviate or offset any dilution.

Hi Dipp, SD did say on one of his Q&A’s that he’d expect any further funding to be against the asset rather than further equity raise. However, I expect a sizeable raise due to what’s on offer and unfortunately it will wrestle control away from Pi’s once and for all. The big boys will take control, that’s a cert, just remains to be seen whether we will be along for the ride.

Hope I’m wrong, but everything seems to be moving to fast.

I think both sides of the argument are one and the same, Newmont want to sell and will not want to waste any more money than they absolutely have to. The LCA issue was a convenient/natural way for both sides to pause everything while not going public, thus slowing down the spend while negotiations go on behind the scenes. Neither side wants to scupper a deal or lose face.

Well spotted Dave, that clears that one up 👍

As Jim has pointed out the company hasn’t announced Q4 divi, it refers to it in the new capital allocation in March Rns being payable in June, but no further mention.

The question is, has someone screwed up or are they shafting us out of the final divi.

Or am I missing something.

Should have added, imho

S&G is only saying what many are considering. I’m so fed up seeing the share price at these levels. If the board are seriously considering going for the full Monty, then if they do any raise at these levels it would be criminal!

Not sure I believe they didn’t know the rules on the Tender offer, Decs business model is so complicated and run by clever individuals, yet nobody thought to check US rules. Also adding the fact they are based in the US.

No, my suspicion is that the interest in the Tender offer was probably low and so Rusty has had to change tack to make the divi more sustainable.

IMHO

Speady, I won’t deny it’s exciting prospect, but I am slightly concerned wyloo could end up with too bigger slice of our company. The balance will no doubt tip considering the amount of cash needed to be raised.