Member Info for Culpepper

And again in theory, one would expect it to stabilise around the placing price of 8.2p.

In theory, a stage will be reached when investors, institutional or otherwise, take the view the price is irresistible.

You would, wouldn’t you, unless you think those buying the shares are idiots.
Yet, on a brief glance at the trades, there are some chunks of what I identify as sells coming through, some above mid and therefore in blue.

Agreed then.

Presumably relates to the placing shares from 25th August, admitted later? Somebody here might work it out.

Market makers aren’t setting the price on a weekly/monthly basis. They’re trading reactively to what they have, day in, day out, to make a market in whatever they cover. No odds to them whether it’s at 8p or 80p, as long as they earn a crust.

Some may find this interesting, or not - accepted mm daily work.
https://www.investorschronicle.co.uk/shares/2019/10/24/shake-your-market-maker/

You nailed it there persnickety. They can only sell the once. That’s the way it goes!

I think he’s on your personal wavelength Trippy. Manipulation. And similar skulduggery by person or persons unknown.
So don’t pooh-pooh,PoopyLePew

Not exactly a revelation, is it, to suggest that sometimes investors holding stakes in companies make a bid. It happens. What’s happening now though is Wyloo are supporting Ggp, notably in it’s journey to production. They want a success of it. Anyone posting otherwise, is plain daft.

That’s an excerpt from Shares Mag, for context.d

Unlike bitcoin, gold also has a track record of performing through several crises. Often when a market correction is at its height gold will be sold too, given it becomes one of the few liquid assets available to market traders which can be offloaded without taking too much of a financial hit.

You saw this pattern in the 2007/8 financial crisis and the Covid-19 pandemic. Though on both occasions gold fell less than the wider market and, once the initial indiscriminate selling was out of the way, the metal price then enjoyed a strong run.

The CEO of gold explorer Greatland Gold (GGP:AIM) Shaun Day comments: ‘I think we’ve seen gold over the last five years really return to being that store of value through global volatility, be that economic or geopolitical.’

Day adds: ‘With that combination of economic volatility amplified by geopolitical uncertainty, in particular the Russian war in Ukraine, but also the role that China plays in the world, it adds up to a more volatile universe that we live in, and I think those things should make you feel very confident about the sense of having gold as part of a diversified portfolio.’

He also highlights the return of inflation as being in gold’s favour. BullionVault’s Ash says if we see stagflation – where rising prices are accompanied by a slump in the economy – ‘this is probably the ideal environment for gold thanks to its relationship with real interest rates’.

“I know the SP is killing everyone despite the massive derisking on Friday”
That of course includes Wyloo and Ggp’s other backers, new directors tempted on board partially Mr Day says by the opportunity to buy new shares at a much higher price. One must surely give them some credit for pricing Ggp to their benefit.

There are a few on here who say they are still in profit. You can multiply that many times, especially including larger holders under notification threshold. The only thing that makes sense to me is people selling down/taking profit, particularly after what must be considered good news in the Ggp story. Just my view, and I have been criticised before for not adhering to the mm manipulation/shorting theories.

On a previous, it is a fact that Ncm was and is the larger partner within the JV and alsoin comparison to Ggp. Wyloo and backers are now the largest partner Ggp has, a strategic one who has said they will additionally support activities other than Havieron. It is up to individuals to imagine the future. I would expect them to be more likely to increase their holdings than not.
You can see them as an enemy within if you like. Bit premature that, and on the early ridiculous side, they just been part of a milestone fundraise. Or you can see them as the partner of choice. I prefer that.

Thanks Dip.
It’s really as I thought, no desire to issue new shares but may do to further opportunity arising.

I shall take things as they come. Well, you sort of have to, don’t you. Whatever’s in best company interests and all that.

Forrest family has a third of Fortescue Metals Group, through holding company Tatterang.
Tatterang owns/controls Wyloo.
Old Tatterang bit.
https://www.tattarang.com/who-we-are/
Ncm has more than met it’s match.
I would be unsurprised to see Wyloo increase it’s stake if/when next opportunity arises.

Looking ahead, I would welcome views on the possibility of new shares being issued on cross-listing. It seems to me though it is said that there is no present intention of exercising the authority granted under resolution 3, there is that possibility?

The basics on cross listing which seems to be coming down the line.
https://www.wallstreetmojo.com/cross-listing/