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You want the sp to rise, but are going to vote against the ASX listing, that is going to allow the Aussie institutions to buy. That’s completely illogical.
So glad I didnt bother. Wish that was the case with my purchases too.
MattyBoy, in my experience Shaun deals with all PI emails in one go, often at weekends. Sometimes not for a few weeks. So dont expect him to be looking at his inbox just waiting for your email.
What drilling has there been Fred? Newcrest said that they had completed surface drilling at last announcement.
I think that there is a lot of misunderstanding about listing on the ASX. Assuming that its a compliance listing which creates no shares, there will only be one place to buy shares and that is on AIM in London. Australia is the 4th biggest pool of capital for investment in the world. Funds looking to buy will be very pro mining as that is one of the main industries in Australia. My understanding is that there will (in time) be 500 million to a billion shares of potential demand for a company like GGP. So who wouldnt want that door opened?
If there is a modest placing, its up to Shaun and his advisors to make sure that goes into sticky hands. If it doesnt then we could have a tiny bit of liquidity develop on the ASX, but if that flipper sells into sticky hands, then that liquidity is gone.
We need institutional support and it wont come from the UK, now its lost its position as the leading market for mine finance.
There is a lot of fear amongst some PIs as evidenced by this board. Buffett says its time to be greedy. I agree.
Yep, it was 4.2 on a fully diluted basis.
I have same information as MH01.
Todays RNS was irrelevant to the sp. It’s at best a few million Aussie, vs Ggp mkt cap of A$735m. It’s material to the suite of assets but immaterial financially.
DG1. Many thanks for the update. Although the Colonel won’t like me bringing this up, GGP have an excellent reputation for engaging with shareholders. This is done in various ways.
1. Town Hall meetings in London, hosted by Donald Leggatt of LSE, when the MD is in town.
2. Q&A webinars again hosted by Donald.
3. Webinars hosted by the team at Sunday Roast.
4. Webinar Q&A hosted by Liam at aim on air
5. Proactive interviews with the team in London or Sydney.
Plus a few other ad hoc chats.
So if Solgold don’t know how to do it, they haven’t been trying too hard!
All the very best to you Archways in your prognosis and treatment. I look forward to meeting you and your good wife again, in 2025, if not before.
Apparently releasing an updated MRE wont affect the sp at all (as it wont make the 70% of Hav more expensive to buy should GGP choose to), and its well known that it will be about 10-11m au eq. So its just to satisfy a few small shareholders who want to take the risk of upsetting NC/NM.
I fail to see the logic.
GGP will continue to do what is in the best interests of the company and not pander to the demands of a few, very small shareholders. Which is what all investors should expect.
Good morning MH01, maybe not expected but certainly not a surprise to me. I think Shaun has been talking to Rios since at least last Summer, and its pretty clear that Winu, and the region is de minimis for Rio.
Certainly answers the keyboard warriors as to why Shaun and the BOD havent been buying shares. They cant and probably wont, unless there is a placing, as there is often non public, price sensitive information, within the company.
If/when they buy, you will know there is nothing going on...
Well said James. Couldn't have put it better.
Well the 'news' has certainly given those who have never been supporters of the company and/or the MD some ammunition and they have enjoyed using it.
But in reality nothing has happened that hasnt been known. SD has said that there will be a ASX listing and that it probably wouldnt involve a placing, but not that it definitely wont. Its a real shame that SD has spoken to an Aussie insto who clearly cant be trusted and that that insto has leaked some debatable 'info' to get the sp lower, presumably to give him a better buy in price. Hopefully Shaun can identify the person and cut them out.
Timing is a bit weird as the price for any raising would be at least 6 weeks away and a lot can happen in 6 weeks.
I would strongly prefer no fund raising as it just isnt necessary. Unless of course:
1. We are about to do a transaction that is accretive or
2. NC/NM have indicated that there will be more expenditure needed before first ore and cash flow or
3. Aussie instos need some certainty of an initial position and will get that through a placing or
4. SD just needs an extra layer of comfort in the working capital.
3 and 4, i dont really like but I could stomach 1 or 2. Sadly I think 3 the most likely.
Shaun may have learnt a valuable lesson today in that the famed Aussie instos are no more reliable and trustworthy than any other investor, and that it doesnt take much to change the narrative to negative.
So he has some work to do, but he is an excellent communicator so I think he will be up for the challenge.
As for the person who longs for GH...really? I could tell you some things that would be way in excess of eye watering.....
Sorry Matty but you couldn’t have proved my point any better.
I am amazed at the lack of understanding of some posters, yet they feel confident enough to invest in an Aim mining stock!
Listen to Sureasblazes as they and one or two others have a proper understanding.
Morning SAS. I dont follow the minutiae of Jupiters dealings, but they had about 6-8m in a general fund last year. I think that fund exited and Ned bought about 6m at the turn of the year. Latest holding I have seen is about 75m and I think thats all his fund. Whether Jupiters most recent trading is a purchase or sale I dont know. But it is an institution with a reasonable holding contrary to what Dave thinks.
My personal view is that Ned will grow the position ahead of the Aussie invasion, but I could be wrong.
I am a long term holder of his fund.
So Dave Rickards, how would you describe Jupiter Gold and Silver then?
More absolute garbage from you, once again.
I am presuming that Shaun is on some kind of domestic roadshow ahead of the ASX listing, and thats why he has to RNS the new slideshow ahead of potential investors seeing it.
Good that Ned is ahead of this - and the reverse July sales, with his buying. I am hoping that he hasnt finished and will get up to about 3% of his AUM.
The calvary of instos are lining up on the hill....
IMO!