Member Info for HangingAround

I should have asked this too - how often is the gold sold?

I'm a simple soul, asking simple questions. And as a relatively long term investor (since 2021 anyway), I should already know the answer to this query.

So the price of gold fluctuates daily, and GGP produces gold daily.

How and when is the income from the mining of that gold worked out, to put into the financial results? Presumably on the day that the gold is sold?

Yes, hadn't thought of that.

(Told you I was slow)

Can I just ask, because I'm a bit slow on these things, but are they damming the water

A) For use on site

B) To stop it flooding the surrounding area including infrastructure

C) Some other reason?

It would be good commercial sense to publish some excellent news either just before, or on the day of the ASX listing would it not? Maximum publicity.

To be fair, I believe Paddington Bear sent Shaun a tip which Shaun acted on? (Which was why he was late for the meeting last week - he diverted via Peru, made the discovery, had tea - marmalade sandwiches - with Paddington's Mum, then flew on to London. But not many people know that).

Totally correct AI - well done that machine.

Thanks - regrets, I obviously missed your post.

Cheers

Thought I'd start my own thread on this so as not to get mixed up.

Lots of talk on here about current sp, rebalancing, MM manipulation etc.

Didn't Shaun say some time ago (last summer ish?) that he was looking for a share price of about 22Aus cents (11ishpence) as the ideal price for launching on the ASX?

Or did I dream that one?

Ok, this will fit into the category of a slightly off the wall query.

I was just looking at a satellite map of telfer, trying to get a better understanding of how things work there, when for some reason this thought struck me:

"If they're mining all that gold, how do they transport it to where it needs to go, and is it under armed guard in some sort of convoy?"

Anyone know?

I’ve worked it out thanks - all good.

Sorry - should have added that this will be post ASX cross-listing

Just read this bit in the presentation out today:

"Only Depositary interests representing underlying shares in Greatland Resources can be traded on AIM (AIM:GGP)"

Can someone put that in plain English?

Tia

So far. Don't jinx it! :)

Thanks for that insight Rotherby

That's what I hoped to hear.

Thanks

PS I have written to my platform to ask for the same information, but not heard anything yet.

Thanks Rotherby; I'm clear how cross listing works, I'm less clear about the potential effects on my holding the shares via AIM, hence my curiosity about what other folk will be doing.

Just thinking ahead to what post ASX listing looks like for us AIM shareholders, and trying to get a feel for what would be the best thing to do.

My choices seem to be:

A) Keep the shares on AIM on my current platform (Freetrade) and see how that goes

B) Open a trading platform that has access to the ASX (such as II), then sell on AIM and re-buy on the ASX.

C) A mixture of both

The main reason I'm thinking of B) is in case liquidity dries up on the AIM, as I, along with us all, am hoping for a lot of buying of the shares from the Aussie pension funds. Also I'm still a bit confused as to how the cross listing works in practice. For example, GGP has 100 shares on AIM (forget any consolidations or extra issues for the purpose of keeping this simple. Post cross listing, someone sells 50 Greatland Resources shares on AIM, is it as simple as someone buying via ASX can get hold of them?

Any thoughts out there?

Cheers

Cytuno. Diolch yn fawr gan fi hefyd Bamps.

For those who don’t speak the language of heaven, that says: I agree. Thanks very much from me too Bamps.

Trying to buy - keep getting knocked back

Landslide? I'd be interested in your definition of the word.

He got less than half the popular vote, and only 2.5 million votes more than Harris.

Landslide? Nowhere near.