Member Info for ifiknewidberich9

Soz for the nightmare flashback BULL.

Just mention his as its the most shareholder slapping annual deal in history, every year paying for a wedge at effectively 1/3 of the price shareholders had to pay on the open market, also as an eg of how they all feather their nests at some point. Hopefully here as its a large asset, they are looking to fast track to production.

Know thy enemy, in Bells case , welded at the hip with confetti pump and dump wonga's (not remotely II's as usually put in many a shares Placing RNA's)

When he spoke shareholders, he was not talking to anyone on any of the boards, just his mates rates wonga's.

As for still going, he's not the only one, Chinese Poulden , Bell, Sefton , Roach , as long as they have a quick buck lender in tow, they can pay themselves for 10-20 years, rewarding themselves for failure after failure BUT they have all gone from ZERO to HERO at least once during that time.

Was in RRR/RGM thinking around 2010, when both went from ground floor to 12p (yes whole pence) , if he had done next to nothing since then , both companies would have survived and be worth a fortune, sold the crown jewels , keeping 28% then frittered it and additional millions away, chasing dodgy rainbows.

Harena Resources Plc Ord 0.5p is listed on the London Stock Exchange trading with ticker code HREE.L.

Just feathered their nest's as they all do at/near the share Nominal, commonly on IPO with options...........

Other Director's like Bell (rrr/rgm before he lost the 2nd one, have a buy 1 get 2 free participation shares variety annually, for an abysmal years performance.

At least this lot getting a similar priced deal (1/3 of the price) to market price, on the back of progress and expected near term production, of a high value asset, unlike Bell and co, rainbow chasing the next if/probable/maybe project.....GLA

Rewarded themselves, now time to start to reward shareholders , with news flow and progress of the asset itself...... 🤔

Pre the handover AP expected around £15m / $18m, since said EXCEEDED his expectations BUT we must temper that with Zimbabwe prices , not others.

Anything £20m or more , will be a transformational result for Vast.

2024 All Diamonds (Industrial + Gem) from Zimbabwe sold for an average of $ 92 a carat

2024 All Diamonds (Industrial + Gem) from Namibia----sold for an average of $650 a carat

The Simon Cowell X Factor we may have , is these Diamonds, are some of the very first ever mined at the Marange discovery, so quite possible, they are ABOVE the current average for the general quality of Diamonds being mined and sold through Dubai.........

Until AP puts some meat on the bones, its all wild GUESSES, other than what has already been inferred, insured for $18m/£15m , more in the bag than expected, AP exceeded his expectations, one afternoon he said ,when Vast dipped below MC £15m , "the Diamonds worth more than our MC today"

Will the Gem group, be nearer prevailing prices over recent years in Zimbabwe, or laid dormant in a sack for 20 years, closer to other African Countries prevailing prices............place ya bets, every day a day closer to finding out........ 🤔

The margin for GEM is as wide as the Grand Canyon...........

They do it, trying to be helpful with trends and ratio's and FAIL MISERABLY on most shares daily.

Up to nothing, colour codes and buy/sell/unknown labels are NOTHING to do with MM/Market (Market 101) The worlds markets do not label , as they consider all TRADES printed, to be both a buy and sell, eg you the buyer from a floor dealer the seller.

Just 3rd party sites like this one, that take the trades , rehash and ADD a BEST GUESS , based on what its Dimbo Algo, thinks is the current mid price and range, all labelled by NOW STATUS , no matter when placed.

All above Dimbo's mid = BUY (never the case) all below SELL (Ditto) all exactly on its mid price , all delayed trades (not black trade mm hocus pocus) or dimbo sees outside of its current range = CHOKES = UNKNOWN

It's as simple and tragic as that.

What GEX TRADES look like before the 3rd party sites like this one, make a BEST GUESS........GLA

https://www.londonstockexchange.com/stock/GEX/georgina-energy-plc/company-page

It will not, many years ago , it was often said an AIM listing was worth £500k and a Main Market £1m without any cash or assets added. Those figures probably with years of inflation are conservative these days. This was based on the standard IPO process to get to market in the first place, which could take 2-3 years and have higher costs leading up to listing , from widespread PR , and presentations.

With RTO's its always about the share conversion price to balance out the two companies and the resulting share base dilution, on return to market.

As said before, hoping this one goes on the lines of one last year, suspended to do the deal at 3.5p , share conversion done at 5p a share and returned to boom to 35p in 3 sessions.

But when low share issues are involved and a share gets a following herd wind, strange things happen, as quoted earlier, wrn not an rto but mutli AQ's, it suspended at 3.25p , similar to gcg had about 25m shares in issue, and went crazy on return to kiss £3.32p high in 3 sessions, before overheating.

You just never know, where an rto will go, before coming back to reality...........GLA

Any delays are always down to the two companies, not the FCA or Market. Most fall under

1) Go suspended to complete and sign off the deal, until this point when NEWCO prospectus delivered the FCA has ZERO interest.

2) Prospectus submitted, not up to snuff, FCA request further details, could ping pong back and forth until THEY are satisfied all in order.

3) Usually no delays on final step , application to re-join the market, all is required is above completed and prospectus approved.

The changes brought in , to speed things up, London in recent years has only commanded around 5% of the worldwide IPO Market. A full IPO can take 2-3 years and cost the coming to market company a fortune in promotions and presentations. The RTO to an existing market shell, once a deal agreed, is effectively, the final two steps of an IPO

New company prospectus to the FCA (They have zero interest until this point) if all paper work in order this can be done in 10-14 days.

Application to join the London Market , a statutory 10 working days.

Have been in others, were they have obtained permission, to overlap the two steps, provisional date subject to a first time clearance by the FCA, in one case they RNA updated over the rns news wire, with a 17 day total window.

Those not already on the market , joining to be a cash shell , looking to take over another larger valued company, not piecemeal AQ's, must now also show they have the funds, to cover the search period to do so. Someone posted earlier £6m , not seen that figure in subject texts but sounds about right. If I recall the new shells only have a lifespan of 2 years to get it done, or be kicked out. An extension can be applied for if the circumstances are deemed to warrant it, by FCA/Market (eg now gone into talks firm target etc, etc............GLA

For those new to this type of game, here's the changes that they made last year, governing RTO reverse takeover, the taking over of a cash shell by a non listed company. Vice AQ's which are the current listed company AQ , some or part of another companies asset (listed or non listed)

NE10 is actively looking to join the London Market ASAP, they funded GCG to survive and return to market this week, having produced its results.

New UK Listing Rules effective July 29, 2024, have streamlined the London Main Market by replacing the Premium and Standard categories with a single Commercial Companies segment, requiring a £30 million market capitalization, a mandatory UK Corporate Governance Code adoption, and Sponsor appointment. Key changes include the removal of the three-year revenue track record, modified working capital requirements, increased flexibility for dual-class shares, and less stringent rules for large transactions like Mergers & Acquisitions (M&A), which now only require detailed announcements instead of shareholder approval.

Key Changes to Listing Rules

New Category:

The previous Premium and Standard Listing categories have been replaced by a single, less demanding Commercial Companies category.

Market Capitalization:

A minimum market capitalization of £30 million is now required for all new listings under the Commercial Companies category.

UK Corporate Governance Code:

Companies must adopt the UK Corporate Governance Code, though they can do so on a "comply or explain" basis.

Removed Revenue Track Record:

The requirement for a three-year revenue track record for earlier-stage growth companies has been removed.

Working Capital Disclosure:

The requirement to demonstrate 12 months of working capital has been replaced with a disclosure of the company's actual cash resources.

FOMOF

Fear Of Missing Out FRIDAY's

Will we have one...........GLA

Tickety doo dah

Tickety yeah

can GCG

break that 4p today

Heading for a TR1 Wizard

275,300 1%

550,600 2%

825,900 3%

or at least until NE10 , convert any of the CLN's that remain......GLA

Just look how hard they are struggling with GCG today, with only 60 TRADES, our volume day will come with a following herd wind, just imagine Gandalf and co arriving to give the mm's an Auk'ful time, like my recent surge on MET1, multi sessions of 2500-6000+ trades........ the market will blow a gasket , if a big player arrives here........GLA

https://64.media.tumblr.com/3888fad75622b2702b817d453a52bcbe/64f4e27d52747965-62/s640x960/45b1460a4876d5e5e27f349fc81078babdc469e9.gifv

Congrats Muldoon, your a 1% + holder in the company......GLA

Currently , you only need 825.9k shares to have to produce an RNA/TR1 over the rns news wire.

Not a lot of shares in issue and less in free float, the company web page, does not indicate major holders, other than we know NE10 has £ 500k worth of shares via it's CLN, which kept GCG from going under..........

https://grglondon.com/investor-relations-1

Shares in Issue 13.88m

Market Capitalisation £416.52k

Always hard, when next to no shares in issue, hence when ICON does move , it will be like a hairy bear in the woods chasing lunch...........GLA

It's always about achievable MC , never sp ........... long way to go

Plus under recent changes to market rules , on return the value (not a made up one) of the NEWCO (Shell + target company, new name or old) has to have a real value of at least £30m...........GLA

Worlds markets do not label anything, just print TRADES, they consider as all being a buy and a sell , so why label, offered the modern day tech fix to add real data at source , declined , choosing TRADITION over Tech.........

Only the two parties involved in ANY TRADE, ever know the truth and its real status. Nearest you will get, is the likes of the Canadian Exchange , it prints TRADES but adds the names of the two brokers or finance houses involved.