Member Info for Fox_In_The_Box

PJ. "The Deserts Revenge prospect is a +5km long by 300m wide gold anomaly along trend of the Telfer Main Dome anticline, commencing approximately 3km from the Main Dome open pit".

So the gold containing rock from Telfer folds down and then is postulated to fold back up again 3km to the southeast. I would call that an extension rather than a new site. Best place to find gold... where gold already is. Also, I would imagine that being an extension of the same rock formation, geophys signals would be similar, so as you say, very exciting.

Regarding the perceived lack of an enthusiastic response to the drilling results, I think there are a number of factors.

Firstly, the volatility in the preceding days didn't help and the market response was not clear.

Secondly, the emphasis in the report seemed to be on quantity of drilling over results.

Thirdly, they are highly technical and I read them, but will be honest, I rely on others (hugely valued contributors) to give a clear interpretation as there is so much information and the diagrams require at least a fair degree of geological/mining knowledge. If you are a very long term holder you will recall the ridiculing of '400 parts per billion' or similar reports that precede the successful Havieron strikes. Then we got 'every drill hitting gold'.

Now, we are drilling new areas AND looking for Telfer extension. The results interpretation depend on comparison with expectations.

Finally, SD is a much more staid reporter than GH. Yes, he expressed excitement in interviews and at shareholder meetings, but results are reported in a businesslike and calm manner.

For me, I just trust the company, and if they are ahead of the plan and the plan is on track, then I am happy.

All that said, I agree with others that next week is a good time to see hear that excitement and confidence in his voice again.

A revised Telfer mine life and a Havieron mine plan are the simple fact/figures I wait for. With confidence, I might add.

It seems to me that many are worrying a lot about shorts being set up buy a couple of investors, ahead of 'potential bad news', even though the vast majority of investors are holding or buying shares - presumably because they think they are going up with 'potential good news'. Who is most likely to be 'in the know'?

Really good test day so see if AIM / ASX parity has settled.

ASX closes were AU$6.64 Friday, 6.70 Monday, rising to 6.99 Tuesday.

Exchange rates give us approx £3.21 Friday. 3.24 Monday and 3.38 Today

Actual closes were £3.20 Friday, 3.25 Monday............ so something around £3.38 would be a real confidence boost that is has (given no news events).

Amplenomore, I did post a while ago that as an experiment I bought 100 GGP:ASX shares (on ii).

They are sitting in my folder alongside my other holding.

GGP (APAC company) - Price A$6.75 for those.

GGP (UK company) - Price 335p for the originals.

Same ISIN AU0000397705. So confirmed as same company shares.

I have not asked ii about assimilation. If I try to sell it takes me to relevant exchange (ASX or AIM).

I postulated that assimilation might come when trade cleared, but it didn't. Perhaps when on ASX200?

Others may have posted more on this - I have not been keeping track on BB.

Hi TimberTrader. Live price. It gave a price (A$) which was correct, but did give a warning that actual cost could be different due to exchange rate and paying in GBP. Note this was with ii in my trading portfolio, but not in my ISA (I couldn't do it within the ISA - got a live price, but could not execute).

Hi Jiffy, I believe we discussed this a few days ago and coincidently I purchased 100 GGP:ASX shares at opening. I want to see what happens to them (if they are held separately or just become part of my holding.

For info and reference: 100 GGP; A$6.95, 0113hours, settlement currency GBP Cost of shares £340.22.

I paid £9.99 commission, but ignoring that, paid a 3.6% premium on the AIM close of £3.28. About a 6p per share premium on the direct exchange rate (A$6.95 = approx £3.34).

Currently listed separately in my account. Will wait for completion.

It was just an experiment. I am happy that cross trading can happen and believe that this will minimise big fluctuations between ASX and AIM on big news.

Talking of which, shares flat at them moment. I think most can agree they rose into cross listing as many anticipated big rise as hungry Aussies tucked in. That didn't happen which was a shame, but happy to settle for what I expect will be a gradual rise to Quarterly result release mid month.

I'll be interested to hear the results of your dabble in ASX.

Questions: On ii, I can buy shares on ASX, for example I could buy AIA (Auckland International Airport Ltd shares) which are in the ASX200.

I can find ASX:GGP, but as regards trading I get the message "We don't have any research information for this instrument".

Is this because it is blocked, or because it is not in the ASX200 yet?

When it is, could I buy/sell?

Yes there is a 1.5% exchange rate fee, but currently, if I could sell some shares at £3.40 equivalent there, and buy at £3.25 in the UK, that more than covers it. My point being, if this becomes possible then the MMs lose the cross selling exclusivity advantage and the AUS UK price gap will narrow. The shares will effectively be in a single pot, which I thought was the point of the cross-listing, so liquidity was greater.

Thoughts?

OK Saint68. Fair point, I meant totally crash, not like a drop in a 'tree shake' or . I see that as their only use.

I wouldn't use in any of my investments, but that's my choice.

Do you think they ever have a use?

Saint68, that what I said? If they are used on volatile stock, they can be a disadvantage, as you could get caught out.

"... if used when a share is going through a period of volatility (like GGP now), they could be a disadvantage..."

BUT they are there to protect you from losing all. In SOME cases, that is useful. So we should just say "don't use them" in my opinion, without context.

Napthman1, probably best not to tell people not to use stop-losses. Its their money and their choice.

Perhaps better to explain that stop-losses are better used in shares that have a high risk of sudden collapse, and if used when a share is going through a period of volatility (like GGP now), they could be a disadvantage as they allow shares to be taken buy Market Makers in quick price drop to help them accumulate to fill orders.

Just a thought. There seem to be a lot of newbies about.

IanCurtis123, yes, I think you are correct. Let the uninformed, impatient and those in a panic trade this morning (buy/sell as they wish). Allow system to settle and any issues get resolved. Then 'over to you Logan and Kylie...'

Some experienced traders may benefit this morning from this, but I am staying well away for a while.

Unlikely to go below 16 as there are plenty who didn't get their full allocation in UK offer, so will hoover them up at that price.

Then next week, up to new levels.

Going back to this thread that was rather sabotaged by posted who post before reading properly and thinking.

I speculated about three things:

bookbuild being approx 16p, at a discount - correct

this placing having a lag effect on price this week - partially correct

the potential of a see-saw effect from 23rd.

Can I ask for considered thoughts on the latter. As we have been able to buy shares and many (not all) in Australia have not, their purchase urgency will be higher, and our profit taking (by some) will be greater. Therefore while I assume price will rise overall, I predict it might see-saw a bit, by rising in Australian trading time and dropping back in UK trading.

For those sensitive folk: I am asking what others think. I am predicting rises. I own shares. I don't advise others what to do.

Going back to this thread that was rather sabotaged by posted who post before reading properly and thinking.

I speculated about three things:

bookbuild being approx 16p, at a discount) - correct

After the excitement of this week and with anticipation of everything to come, I cannot get to sleep... so decided to put thoughts down about the next few weeks. Just theories and numbers to illustrate them, to prompt other's thoughts.

Two points - next week (after book build); the week after (first week of cross listing).

My understanding of the bookbuild mechanism (as opposed to predetermined fixed price) is that it is gives a better chance of a market value price point. I cannot see AUS investors piling money in above the current share price, but also they won't want to miss out by lowballing. Also possibly the share rise this week is in anticipation of offer price achieved. Therefore my hunch is that the offer price for AUS and UK will be around 16p. I think therefore that this will then pause the current rise in share price. Consolidation therefore (using 15p) gives a nice round £3 share price.

Upon cross listing, I see the price rising into new news (of which there is plenty) in a two-steps up, one step back pattern initially, based on the fact that 'we have what they want'. We have had a chance to buy in already, so have the profit taking option. Markets open alternately as our day is their night so - purely to show what I mean - Price goes from £3 to £3.30 on day one in AUS, drops from £3.30 to 3.10 in UK. Next day opens at 3.10 in AUS and chased up to 3.40, opens 3.40 in UK and drops to 3.20 due to profit takers. It will be a day-traders paradise for the first few days at least, then will settle down.

This pattern might repeat around results. Which end of the see-saw we are on will depend on the time of day they are released. The overall trend will be up and maybe steeper at first.

Finally, I am hoping to see £5 by Christmas.

Please don't take figures to seriously, just wanted to see what others anticipate will happen in these to relatively uncharted bits of territory.

Best wishes to all holders

SD has indicated that he is keen to avoid spikes in the share price. Perhaps the UK share offer with out a fixed price (until end of bookbuild) is one such mechanisms. Perhaps the scheduling of major updates after the ASX listing is another. We've seen the share price go up and down on no news and go down on positive news.

While I still think this will drift upwards in the week, perhaps accepting a low price now (for what we feel we have) is a good trade for having a share that moves sensibly on news in a few months time with ASX money flowing in/out.

I too have puzzled over the likely offer price. I did initially assume that it did not need to be at a discount, and would just be a UK vs AUS buyer balancing tool as many have said. However, if it is set above the actual share price, surely UK buyers will just pull out (I assume they cannot be locked in to purchase when the price is not set). My view therefore is that the price will be somewhere between the UK price now and the price after bookbuild. So (example figures) price now 14, price in two weeks, maybe 20; offer price 15. If the share price remains static in the next two weeks, then the offer might be a few pence below, say 12-13. I assume the share price WILL rise through early June, so on that logic (if it is logical) I have purchased today.

Blindfaith01, the last company info I read suggested mid-2025 for ASX listing.

My assumption is that SOME that bought shares in the listing by stretching finances with the aim of a short quick return, to sell early in October, therefore I expect a dip. That being said, a dip is just that. Once cleared, as posted by many here the aim for most is medium to long term, and there will then be a sequence of positive news events that will support a long and sustained climb towards a more realistic value as more investors come on board and hurdles are overcome (Telfer milling restarted, handover, etc) and wider updates on drilling elsewhere come through in the lead up to ASX listing.