RE: NOTHING HAS CHANGED12 May 2025 11:35
I think you have to take the global stuff, tariffs and so on into account, as well as the gold price - knee jerk reactions at a point in time, probably across the sector. Without much assessment of one company against another.
Newmont also down 5.3% pretrading. You know, say what you like about mms.
So, there may also be something at least, in general terms, in Charles Archer flip comment - “There’s also the gold price: when gold goes to a record high, the juniors slightly move. If it drops by 1%, the juniors lose five. It’s unfair, but it’s the way things are - until the big re-rate.”
Also, not my comment, why would I invent when Charlie boy already said it.
‘There’s a few factors behind this temporary drop; first as I mentioned last month, upcoming consolidations always tend to lead to drops beforehand.
I don’t know why, they just do.
There’s also the fund issue - no, not GDXJ, who according to my source will be required to redress the imbalance post-ASX listing - but the reality that for many funds GGP will have become the largest winner in their portfolio. This means they have to sell some shares to rebalance - this is an annoyance, but don’t worry, the Aussie superannuation funds will be here soon enough.’
I think, those required to buy, will have a stabilising and positive effect. And beyond any share offering on listing, retail will have a say.
I have mentioned Newmont possibly taking part in the offering - not liked by this bb.
Whether they do, or not, it’s positive. Getting more iis, as Mr. Day would like to tap up, on board - there’s no public offering - with permission they can trade sale bulk at no cost to pi’s.
If they don’t take part, then it’s an endorsement of where they think the price is going. That’s provided of course, there is a sort of a clamouring for Greatland Resources shares by institutions on listing.