RE: Don Durrett = GGP shareholder9 Feb 2025 11:50
If you read old Day, he suggests there will be no need to issue new shares. I think, just me, Newmont will put anything remaining after Wyloo buys their agreed 10% at 7.2p off them.
Why not? It seems the bottom line was 4.8p, though there was insufficient take up on that to deliver to Newmont, who wanted out.
If old Day can get away a further issue of shares, at a price for Newmont and others, he might go for it to further improve Ggp liquidity.
Nothing wrong with that, and a buyback down the road, after perhaps consolidation.
But I know you think I’m daft.
And anyway, it won’t matter long term.