Member Info for Flashy500

Hi Ace.
You say: "Can people please stop putting the asx compliance listing together with and suggestion of consolidation at the same time."
As I believe (going back to discussions with other posters over the last 6 months) ASX submissions are usually from companies with much lower share volumes. Do you not think it's right to be aware of this? Cheers.

I am not expecting a call to raise cash - that's separate from consolidation though.

That's all very well Chuff and I agree with much of what you've said but I think the MRE shouldn't have been put back. It's obviously a key milestone we've been waiting for for a long time, and it could be updated when NCM release theirs as well. SD isn't here for us PIs - that's the bottom line of it, he's there to set the company up for long term building and that means consolidating shares (most likely) when listing on ASX, which is going to cause some turmoil to the SP. My view is they should have released the MRE to try and put a bottom under the SP at around 12-14p, then proceed with the ASX and potential consolidation. Cheers.

I think we need the corporate games out of the way first. There is only one area now that concerns me and that's the ASX listing and a potential consolidation. Once we've got that, with all the funding we've got in place and drawing ever closer to mining, we should see it start to rise again. I think it's holding us back - and Shaun is responsible for this uncertainty after springing a surprise raise on us last year. He needs to wrest control of the narrative a bit more in my opinion.

I've been trying to find a list of these companies for ages - but it's a dark art and any IFA who knows them knows it's a serious competitive advantage.

50p and I'd be all out I think.

That's a big consolidation (10-1). Newcrewt has 800million shares in issue. That would be a more reasonable one of about 5-1.

It be nice to have some interest though - I agree I wouldn't have thought any low ball offers would be accepted, but if it drew more interest to us then that's a good thing.

That was an example pulled from thin air - but to illustrate a point that we are vulnerable to a low ball offer - obv wouldn't be taken though. I wouldn't mind one if it got the SP back to the 20s quickish to be honest. Then build it from there as the geology gets translated into FS and is correctly represented on the comany's blanace sheets.

Such a low SP a take over at a very generous discount could well be on the cards. 18p a share? That's more than it's been in a year now. Sickening if it was the case but in a way the lack of interest from others is a bit puzzling.

It's a shambles. I don't know who they are trying to impress with this. It seems totally geared to missing most people.

We've all been worried about the sahre consolidation - what evidence have we got that it's coming? I know SD has said there are too many in issue, but is it the pending ASX that is acting as a trigger for this? Thanks.

Thanks very much Speedie. Cheers.

That's interesting Redirons. How often do you check the Ortex data? Any chance you can give us a daily update at close of play for the next few trading days to see if this is starting to look like a change in behaviour?

Thanks Zoros - grateful for the input - and to you as wel Bamps. Cheers

This is what someone else had a while ago for a forecast for the next 6 months - I coped it over so it's not my creation:
31/08/22. Expiry date for £50m (5%) uptake.
01/09/22. GGP 6 weekly update?
09/22. GDXJ rebalance.
13/10/22. GGP 6 weekly update?
10/22. Byrnecut contract for first decline terminates.
26/10/22. NCM quarterly results. [BST].
02/11/22. GGP Annual Report. (KPI’s for SD’s 12m share option).
11/22. Sprott ETF review of GGP.
24/11/22. GGP 6 weekly update?
12/22. GDXJ rebalance
Q4/22. D.F.S. Decision to mine (as a JV) by NCM / GGP.*
[NCM loan of $50m runs out on completion of DFS].
Q4/22. Bulk Mine decline commences. [750m+ deep / 6km long].

Thanks Jerry. I'll copy that into my 'next milestones' document that I haven't updated frequently enough.

What discount are these new II going to want? Are we going to need another placing to fund the ASX admission? Bamps noted a fig of around 25mill I think. THanks.

Yes prob - does depend on finding gold. Perhaps I'm over-egging the consolidation point (and 10% is much of one anyway) but hasn't he said he wants to consolidate the shares going forward? I would like to know how and what that means for us. Cheers

Thanks Dipp I'll have a hard read of that when I come back - got a day off today so off up to the bakery to buy the wife a breakfast treat!!!!