focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
5 diggers - F l y n n gold - pacific trends resources pty ltd
There is one thing about changing the original agreement , they only needed to issue the shares upon a positive decision to mine SD and GGP must be 100% sure this will happen to have changed it.
5 diggers - ***** gold - pacific trends resources pty ltd
there is one thing about changing the original agreement , they only needed to issue the shares upon a positive decision to mine sd and ggp must be 100% sure this will happen to have changed it.
Warren Buffett
“Someone’s sitting in the shade today because someone planted a tree a long time ago.”
This quote forms a foundational pillar of Buffett’s long-term investment ethos. What he is saying here is that — in life as with investing — you have to think about the grand trajectory of things.
07/23. five diggers 139m share lock in ends.
***** gold limited (formerly known as pacific trends resources tasmania pty ltd)
warrentinna gold project( project purchased from greatland gold plc in june 2023)
when pacific trends resources had the shares issued the sp was almost double 139m = around 20m 07/22
139m = around 10m 07/23
When the options are exercised they usually sell enough shares to cover the cost by selling shares and also take a profit. At this time the share price is very low . A 12 months extension makes sense and the share price will be in a much better place in the coming months , plus selling shares at the moment will no be received very well by the market even if he is buying shares at the same time its just bad timing caused in my view by the capital raise article which has subdued the Sp
BullionVault Director of Research says gold demand "is there" from Asia
BullionVault Ltd Director of Research Adrian Ash visits the Proactive London studio to speak with Thomas Warner about the current and future state of the gold market, as well as BullionVault itself.
He highlights a recovery in jewellery demand following a slump during the Covid-19 pandemic, particularly from major markets China and India.
He also mentions some of the other factors influencing the gold market, such as recessionary fears, geopolitical tensions, and central bank demand from emerging markets.
Ash concludes by discussing the lack of investment inflows in professional vaulted gold and gives his take on what is likely to be coming down the line.
https://www.proactiveinvestors.co.uk/companies/news/1021130/bullionvault-director-of-research-says-gold-demand-is-there-from-asia-1021130.html
1) The ASX listing has so many parts it not just the listing its the possible
As part of the ASX Listing, Greatland is evaluating a corporate reorganisation, so that the Greatland group would sit under a new parent company incorporated in Australia (Reorganisation). If progressed, the Reorganisation would be affected through a scheme of arrangement under the Companies Act 2006 (UK), and would be subject to approval by Greatland's shareholders and the UK courts. Applications would be made for the admission of the new parent company to trading on both the ASX and AIM.
2) Evaluating whether to conduct a potential equity capital raising as part of that process.
3) Consolidation
A vote may be needed so I think we may get news very shortly if this is to be done in the September quarter.
The Feasibility Study (FS) and a Bankable Feasibility Study (BFS) followed by the decision to mine can not be far away
as we are probably only 6-8 months away from completing the decline
The Sp needs to move up so if they decide to do a capital raise then higher the Sp = less shares need to be issued also
the higher the Sp = less dilution
Even if the raise is discounted I think the Sp will move up after listing on the ASX
$50m = 6p = 400m shares
7p = 350m shares
8p = 312m shares
9p = 277m shares
10p = 250m shares
There is also this a vote needed by share holders how long do you have before making a decision .
We need to know what they intend to do very shortly .
As part of the ASX Listing, Greatland is evaluating a corporate reorganisation, so that the Greatland group would sit under a new parent company incorporated in Australia (Reorganisation). If progressed, the Reorganisation would be affected through a scheme of arrangement under the Companies Act 2006 (UK), and would be subject to approval by Greatland's shareholders and the UK courts. Applications would be made for the admission of the new parent company to trading on both the ASX and AIM.
As noted above, if the Reorganisation is undertaken it will be effected by a scheme of arrangement under the Companies Act 2006 (UK) and will require shareholder approval, meaning that shareholders would have the opportunity to consider and vote on the Reorganisation.
Greatland confirms that its ASX Listing preparations remain on track and it has been evaluating whether to conduct a potential equity capital raising as part of that process.
Do we know exactly what this would involve ( consolidation ,change in company name, capital raise , )
As part of the ASX Listing, Greatland is evaluating a corporate reorganisation, so that the Greatland group would sit under a new parent company incorporated in Australia (Reorganisation). If progressed, the Reorganisation would be affected through a scheme of arrangement under the Companies Act 2006 (UK), and would be subject to approval by Greatland's shareholders and the UK courts. Applications would be made for the admission of the new parent company to trading on both the ASX and AIM.
While not yet an ASX stock, Greatland is in the late stages of planning its ( ASX IPO ) for later this year — with media reports that it’s planning a potential equity capital raising of AU$50 million to AU$100 million.
Yasmin Broughton
Ms Broughton joined the Board of Resolute as a Non-Executive Director in June 2017.
Mr Botha expressed his sincere thanks for Ms Broughton's significant contribution to Resolute; "Yasmin has been an invaluable member of Resolute's Board. Her deep understanding of corporate governance and compliance, and ability to advise on complex legal issues, have added tremendous value to the company. On behalf of the Board I would like to thank Yasmin for her service to Resolute and wish her every success in the future.
Resolute Mining Limited (Resolute or the Company) (ASX/LSE: RSG) is pleased to announce, following publication of its Prospectus on 17 June 2019, that the Company's shares will be admitted to trading on the London Stock Exchange's (LSE) Main Market. Trading in Resolute shares, under the ticker LSE: RSG, will commence on the LSE at 8:00am London time today, 20 June 2019.
John Welborn, Managing Director and CEO of Resolute, commented:
"We are delighted to deliver as promised on an important strategic goal for 2019. Today marks an exciting milestone for Resolute as our shares commence trading on the Main Market of the London Stock Exchange."
"The dual listing in London and the subsequent increase in profile in global investment markets is perfectly timed as we ramp up the new Syama Underground Mine in Mali. Syama, once commissioned, will be the world's first fully automated underground gold mine. We look forward to continuing to deliver on our exciting growth agenda."
Resolute's existing listing on the ASX is unchanged and trading on the ASX is unaffected by the dual listing on the LSE. Resolute has not raised any additional funds or issued any new shares as part of the Admission.
so resolute is listed on the ASX and LSE and has been for 4 years did not do a capital raise hope we get a similar outcome .SD knows how to pick the right team
The Climb
Song by Miley Cyrus
I can almost see it
That dream I'm dreaming
But there's a voice inside my head saying
You'll never reach it
Every step I'm taking
Every move I make feels
Lost with no direction
My faith is shaking
But I, I gotta keep trying
Gotta keep my head held high
There's always gonna be another mountain
I'm always gonna wanna make it move
Always gonna be an uphill battle
Sometimes I'm gonna have to lose
Ain't about how fast I get there
Ain't about what's waiting on the other side
It's the climb
The struggles I'm facing
The chances I'm taking
Sometimes might knock me down, but
No, I'm not breaking
I may not know it
But these are the moments, that
I'm gonna remember most, yeah
Just gotta keep going
SD and GGP moved at lightening speed to quash rumours on the capital raise but worded the response in such away it did not say the raise would not happen why ? because they had already decided to do the raise with the ASX listing. The Sp at the time had started to move up 8.5p and on the latest good news over the last 3 weeks would have had a chance of 10p and over but then the article appeared and GGP quickly released a RNS in the hope the Sp would not drop that did not work .We are now in a position where if the try to do a raise it would have to be at least 15% lower than the 6.5p we are hovering around and the Sp may even move lower only solution is NO raise = SP raise
SD is trying to get a special waiver ASX listing rules minimum price so consolidation may not be needed at this stage but 5Bn shares is not attractive to look at .Then you have say a 10 to 1 consolidation so 7p becomes 70p and a capital raise now at 55p looks ok the surface but its not its only 5.5p pre consolidation .We need to know what is happening you can bet SD and his team have made all the decisions by now.
The Effect of Fed Funds Rate Hikes on Gold
Many investors and market analysts believe that, since rising interest rates make bonds and other fixed-income investments more attractive, money will flow into higher-yielding investments (such as bonds and money market funds) and out of gold when rates move higher. Therefore, when the Federal Reserve raises its benchmark federal funds rate, weakness in gold should follow.
However, there’s little evidence that gold is consistently weakened by federal funds rate hikes or Treasury yields. Despite some negative correlation in the 2000s, there are far too many instances of gold and interest rates rising together to say that high interest rates cause gold prices to fall.
Ultimately, the relationship between gold prices and interest rates is uncertain and unstable because gold is traded on a global market subject to forces far beyond the reach of the Federal Reserve.
If we say £120m per annum and have 5Bn shares a dividend of 2.4p
if we say £120m per annum and have 6Bn shares a dividend of 2p
if we say£ 120m per annum and have 7Bn shares a dividend of 1.7p
If there is a capital raise then 7Bn shares is not going to be far off