Member Info for JungleBabbler

Anyone surprised ??

FWIW I've bought another 10k shares at 22.69p

I'm either a genius or a fool. Time will tell.

Like many here I'm so underwater....

Jb

Speedy @ 17:01

Speedy I strongly suspect that you're more correct than we all realise.  The reason for saying that is that last year we were in Bolivia (looking for jaguar and generally seeing what there is to see).  During this trip it was mentioned several times by locals that the Chinese were extensively involved in the mining of gold (and lithium).  Further it was intimated that they were harvesting circa 2 tons per month; which if correct would be about half the official output of Bolivia.

This article explains more:

https://climate-diplomacy.org/magazine/environment/gold-mining-state-sanctioned-scourge-bolivia

We were led to believe we could get 'cheap' gold there if we knew the right people and had enough money to buy in bulk.  £100k seemed to be the magic number.

Bolivia is a beautiful country but it is corrupt, so who knows the truth.  What we do know for certain is that China are absolutely gold mining in Bolivia.

If anyone is interested in a "proper" adventure In Bolivia there is an Australian called Nick who is ex-armed forces and a great bloke who organised our trip.  His catch phrase is ...."that's brutal". 

And it was.

https://nicksadventuresbolivia.com/

Lastly I should mention that Nick is a fully paid up snake wrangler.  When we arrived at the first camp site he jumped out of the 4x4 and grabbed the end of this 3 metre bolivian boa just to show us its markings. Its head was huge!!!

jb

Move them to your SIPP.

A very salient point, two goals.

I have 500,000 ggp shares that are unprotected from the tax man. Given that well known double act Hunt-n-Reeves have trashed the cgt allowance their seems little point in running a cgt account.

Guess I could split the pot between me and Mrs Babbler and bed and isa them.

The only question is is how I account for what I paid for them to the taxman.

appreciate you posting this link mh01.

it's great that someone does something positive for other ggp board members rather than another poster who merely exists to **** other posters off.

What happened to 2025?

This RNS does seem and feel significant. Besides..

1. December '24s output in both amount AND value I'd like to see...

2. Q1'25 forward guidance in terms of amount

and

3. ASX Timetable.

Hopefully I've got the time difference correct as I'm on the beautiful island of Kauai in Hawai'i which is 10 hours behind London so I make that 4pm Wednesday.

GLALTH

jb

Don't leave it too late, there's not a lot of shares in issue.

Countries that get too greedy (or just seize stuff) suddenly find foreign investment disappears faster than.......

If you really want a thriving economy best not to do that.

Nt101 @ 11:35 - Yes I've experienced consolidations both ways as it were. Like many on here I've never a good experience of them - thinking lastly of DEC. What I'd like and what I think might happen are not necessarily the same thing though. Admittedly it's quite nice to have a share holding in the millions so in many ways keeping the status quo works for me.

Lee1235 @12:12 Yes you're quite right I don't know anymore than anyone else.

A question though. If there is no share consolidation what will happen to the Options which also have to meet the A$0.20 hurdle rate?

It never ceases to amaze me that posters on these investment BB's don't take on board information that has been clearly disseminated.

To the matter in hand as we know GGP is to be listed on the ASX in H1 '25.

The requirements for listing on the ASX include the following:-

The minimum issue price for securities listed on the Australian Securities Exchange (ASX) is A$0.20​. This price must apply to the sale price and issue price of all securities being listed. If the entity has issued options, the exercise price for each underlying security must also be at least A$0.20. ​Other requirements for listing on the ASX include:

Market capitalization: The applicant must have a minimum market capitalization of A$10 million or net tangible assets of A$2 million after deducting fundraising costs.

Working capital: The applicant must have a minimum of A$1.5 million in working capital.

Free float: The company must have a minimum of 20% of its securities held by non-affiliated security holders.

Electronic settlement: Securities must be available for electronic settlement​.

​A more comprehensive guide is available here.....

​https://www.pwc.com.au/legal/assets/asx-listing-guide.pdf

Today A$ 0.20 equates to £0.10 or if you prefer 10p so the price criteria is NOT met.

To ensure that Shuan Day will achieve his aim of listing the ASX in a timely fashion it is more likely than not that a Share Consolidation will take place.

PI's WILL get short changed if the wrong consolidation X factor is used.

B​y way of example, if you have say 850,000 shares then if X is 13 then you will get 65,384 NEW shares and have a remainder of 8 old shares which get binned (ie more than half a new share).

So to suggest a Prime number like 13 doesn't hold water.

It will be a number that causes the least angst. 10 is the obvious one since most holders will have shareholdings that are a multiple of 10, 100, 1000 or 10,000.

5 is also possible as is 2 but 2 would be pointless obviously.

A​s ever E&OE.

Personally I'd be very surprised if a share consolidation doesn't happen because it's just too much of a risk to SD. Just make sure your holdings are a multiple of 10. :)

HL prices are notoriously wrong in the half hour after the market closes. God knows what they do or perhaps what they don't do.

Hi All,

Trying to find a recent broker report on DEC as Mrs Babbler keeps asking whats happening to her DEC stock and I keep trying to convince her now is NOT the time to dump it.

Thanks in advance. JB

HL are always late if its an overseas divi. Hopefully Monday, buying more at these prices is tempting.

It would quite nice if the Q4 divi next March could be a little bigger.

RNS just out suggests it is...

How difficult would it be to run a small program against the Late Reported trades given the Mid Price at the time of the trades must be known. My money is on all buys.

1. The number of shares in issue is in and of itself irrelevant. Many large co's have billions eg IAG, Shell.

2. In theory the more shares in issue CAN improve liquidity.

3. 13:1 consolidation is a non-starter. Why?

Because when you do a consolidation you don't want to disadvantage anybody. 13-1 would mean many lose part of a new share. 10:1 or 5:1 or 20:1 as an outside bet. But if if the UK share is sufficient to meet asx entry requirements why bother?

4. I agree they never advantage the Small investor.

JB

....right to SELLLLLLL.

I genuinely believe Shaun Day has got his head screwed on. Properly.

Another small piece in this jigsaw.