Member Info for BeContrarian

What’s interesting is that the current plan isn’t creating any liquidity, volumes (factoring in the 20/1 consolidation) are broadly below pre cross listed trading, circa 40 million old money shares over the last couple of sessions.

So either buyers or sellers start winning or the demand is pent up for an explosive move when some decisive news hits. You’d have to say barring a disaster (touches wood) the indexation factor will force the buyers eventually but for now we have a stale mate.

I know it’s not everyone’s cup of tea but I’m finding the mechanics fascinating to be honest.

SC, a rising share price will of course tempt sellers and eventually there will just be a few PIs along for the ride, is my guess. TR1s today signalling more institutional ownership and that’ll be likely how it goes as the great transfer from aim to ASX unfolds.

Expect volatility here to tempt selling. This is where the liquidity resides.

Academy - yes of course. And now we are cross listed there’s nothing stopping them. Let’s not forget circa 90% of all the liquidity is here. It’ll probably be the other way round in 5 years time…

Once upon a time that 10% morning dip would’ve held, probably shaved a few extra % the next few days, and bottomed out at -20% by the end of the week. Pigs in the trough feasting on spooked PIs.

But it took all of 4 hours for the status quo that has existed here for years to die out. The discrepancy was closed and off we went back up to the ASX price.

The Aussies aren’t playing those silly games and will aggressively hoover false drops. The game is up!

Poetry in motion today. Viva la ASX.

They have had a go at two flash drops today. Hope there ain’t any poor sods with stop losses, this is not the time for them!!

Summit, could you also ask Shaun why it’s raining round by me?

Goodness what utter garbage being trotted out here today.

A small matter but I’m delighted the ASX ticker is GGP and not GRL. Wonder how they changed that at the last minute?

Don’t know about others but today has dealt a little surreal. Definitely feels like a huge shift in emphasis is about to unfold. Whilst I am of course delighted that Greatland will be joining its home market, it definitely feels like the end of an era as the systematic transfer out of aim and into ASX unfolds over the next few years.

Don’t get me wrong Greatland absolutely deserves better than the now pitiful and dysfunctional AIM market but nonetheless it feels like a chapter is closing and it’ll be the Aussies taking the lead.

‘We are caught up in admin’

Or are we?

Could just be another master stroke. Don’t be surpsied if the shares don’t get issued til 4:29pm. Brokers all sorted ready to roll, no teething issues come ASX launch. My new shares sitting pretty in both my isa and regular share dealing acct. no silly games last minute, no liquidity for traders to spook LTHs.

Just my hunch.

Sorry for another question around the scheme but looking at the documents am I right in the assumption that the 20:1 consolidation will be activated at 6pm this evening? Thanks

the end of an era. feels like getting out of an abusive relationship to be honest haha. that said, i’m grateful for the opportunity i was given here. listening to shaun earlier this year talking abut stockpiles at telfer and *** packet sums telling me that just this alone equated to more than the entire market cap at the time was one of those surreal ‘are you kidding me’ moments but i didn’t hesitate to go all in at that point. don’t think we’d have got that sort of bargain basement chance on asx.

now primed for our next step to take our rightful place amongst aussie mining giants and, one day, perhaps not in the too distant future, eclipse them all.

Can’t say it massively surprises me we are flat today. Likely a few algo traders unwinding their positions as they don’t like the idea of their money being locked away for even a nanosecond.

Important to remember not everyone is playing the same game!

LTHs bedding in waiting for Christmas mark 2 after the first Christmas that was quarterlies.

Been a massive year so far and, I reckon, the second half of this year will, somehow, beat the first in terms of news flow and SP performance.

And on first day of trading, if I’ve read it right, AIM shares are locked out. Hence my post earlier today. Monumental supply squeeze!!!

TT based on the schedule, am I right in the assumption there will be almost a whole trading day in Aus with only Aus issued stock trading and the old aim shares locked out? That could be crazy!!

A few days ago I mentioned that the sheer mechanics of money would be a key value driver for the SP, but if it’s to be believed that the share sale was oversubscribed by at least x4 the offer then the liquidity squeeze, and subsequent price action could surprise even the most optimistic of forecasts, especially if coupled with some listing fanfare news.

Don’t think it can be overstated how big today’s RNS is. Instis were offered really quite a modest discount and they could barely get a fraction of what they asked for.

I’ll let you do the maths on what volumes of cash could be chasing shares in the open market but if this bookbuile is anything to go by I would say, conservatively, 500 million is sat in the sidelines wanting in.

Wow.

😅 happily married HG! Will keep my eyes peeled for suitors 😂

As a 37 year old myself hopefullygold, not all us ‘youngsters’ live on the never never, although financed lifestyles and mountains of personal debt seems the cultural norm nowadays, sadly. I think I’m the exception to the rule.

Regarding your daughter my advice would be to try your daughter out with the truth. The fact her isa is 100% up should mean you’ve earned a listening ear! Many years ago my dad gave me ‘the new case for gold’ by Jim Rickards and it changed my entire trajectory in terms of money management and how the world really works. She may surprise you!

Bamps, whilst I have your ear, how do you rate GGPs chances in terms of finding something at EG?

Thanks for clarifying Bamps. Me and Grok will grab our coats lol.

Howard, greenstone discoveries are often ‘company makers’ as Bamps described to me. Tropicana, Winu, the colossal Hemi and of course our own Hav are all greenstone belt discoveries.

The challenge with Ernest Giles is similar to that of Havieron. Mineralisation will be at depth and that makes traditional prospecting techniques ineffective and exploration drilling more expensive.

But the chances of a significant deposit at EG are good. It’s just finding the bugger that’ll prove tricky. Mind you…we did it once! And previous drilling there has revealed pathfinder elements which is extremely useful data to help you find the mineralisation.

A find at EG and we kick into hyperdrive, though I guess Telfer will take priority for now.