Member Info for esduk

A little disappointed that it's three business days left and we haven't had news on either commercial ops starting at Tyeseley or the BCA. A week or two here or there isn't a big deal in the grand scheme of things, and I know delays happen, particularly for a completely new process, but they already pushed Tyseley start date back from end of April to end of June, so it wouldn't be a good look to push it back again. Fingers crossed we get positive news this week or early next.

Well if we do, then you should be happy (if you have spare funds to top up!). The direction of travel is clear and if MM's repeat obvious patterns, people should be able to take advantage.

We had this same Q&A last night. The uncrossing trade at the close of the end of day auction at 4.35pm was for 363.05p. The UT is the price that the auction is settled at. There were a lot of big orders placed on the bid post 4.30pm at high 350's/low 360's, hence my prediction of a decent UT.

Yep, thanks to those who were selling, an easy decision this morning to buy at 308p!

There we go, 363.05p!

Get ready for a decent UT, lots of money on the bid in the auction.

Let's hope so Bonker. I wonder what the commencement of commercial operations RNS will include. Do we think we'll get any details on customer agreements, offtake, potential ramp up plans etc? Would make sense to do an interview at that stage, and if there is sensitive stuff on the SPAC then just have the interview cover Hypromag, or Hypromag operations at Tyseley.

LONDON (Reuters) -The custodians of trillions of dollars of global central bank reserves are eyeing a move away from the greenback into gold, the euro and China's yuan as the splintering of world trade and geopolitical upheaval spark a rethink of financial flows.

According to a report by the Official Monetary and Financial Institutions Forum (OMFIF) due to be published later on Tuesday, one in three central banks managing a combined $5 trillion plan to increase exposure to gold over the next one-to-two years after stripping out those planning to decrease, the highest in at least five years.

Gold, which central banks have already been adding at a record pace, was seen benefiting even further longer term, with a net 40% of central banks planning to increase gold holdings over the next decade.

"After years of record-high central bank gold purchases, reserve managers are doubling down on the precious metal," OMFIF said.

Why would people sell at a price (320p) which is 10% lower than the price the Aussies were paying this morning. Nice 10% margin for the MM’s. Patience required, don’t give the MM’s a 10% payday and wait for things to settle down. Relax

If the ASX institutional offer was oversubscribed by about four times (which a few have mentioned), and the current price is only about 5% above the price of that offer, then surely you would expect massive demand??

Tell me about it. I just got back from living in New Zealand for 7 years (hence the time zone knowledge) and for 6 months of the year we were 13hrs ahead of GMT (due to NZ daylight savings), which doesn't really make any sense when you think about it...

They need their morning and afternoon surf sessions.

ASX opens at 10am Sydney time (1am UK time), but shares in Greatland Resources will only commence trading at 1pm Sydney time (4am UK time). They are 9 hrs ahead of us right now as we are on British Summer Time (BST), they are 10 hrs ahead of GMT. You have written 12-6am in your post, which is GMT not BST.

The closing price on LSE will be the mid price (between bid and ask) unless there is an uncrossing trade (UT) at the end of the day end auction. Today there was a UT at 350p, so that's the closing price. Including that UT, there were 205k buys post close, between 348-350p, with a total value of £716k. Someone was hungry, and it's definitely a good sign for kick-off on the ASX tomorrow morning at 4am.

No, Sydney is currently 9 hrs ahead of UK so they will close at 7am UK time, with shares having been traded on ASX 4am-7am UK time. There will never be any overlap given the time zones.

There's the other delayed buy for £15k just turned up. Hopefully the start of the recovery, we will see.

Was definitely a buy, and first time I have seen MM's so keen on the bid in a while. I was going to post it at the time but decided not to bother as didn't want to get people's hopes up unnecessarily. I think there are probably one or two more delayed buys due in addition. The MM's certainly weren't reacting to a 100k buy that way in the last few weeks, hence me pontificating about there being something else afoot.

I noticed at 2.28pm that there must have been a big delayed buy as the bid and ask jumped and three MM's immediately jumped onto the higher bid. 100k then turned up as a delayed trade. It seems that it has prompted a bit of a recovery in the SP. Perhaps the forward selling (if it is that) is coming to an end ahead of the T20 limit which would be this week..? Here's hoping!

It’s an interesting one Sigas. There have been some developments since then that imo increase the value of the assets, so I imagine both negotiations with Crown Proptech and discussions between Cohen and Co and potential interested parties have been in full swing in the past few weeks. It’s an interesting question on where to draw the line / cut off for the valuation when there are lots of things happening. If they take a few weeks longer to get a valuation that better reflects recent news then I don’t mind too much, but of course I would prefer an RNS Monday for a SPAC valuation that fully reflects the potential of the assets!

The BCA deadline is extendable, but given that they need about six months between BCA signing and SPAC listing, leaving it any longer risks them missing out on their 40% RSU’s by not meeting the December SPAC listing deadline. I think we get at least one of these bits of news by 30th June, hopefully both.