Member Info for Kabaa

No sane investor would take a 0.13p loss for a warrant at 50% above market.
The warrants won't even get exercised until the shares go way beyond 3.5- 4p so they are completely irrelevant.
If the shares never hit that, there's no dilution if they do then it's a good thing for all shareholders.
No-one even exercised the 2p warrants and the sp went over that several times.
Many pi's see a placing and sell in fear. Probably because on aim there are so many lifestyle companies. They are actually good things in companies like ggp as there's a lot of decent projects to accelerate and it's already in a very powerful position. Also it's a sign that serious investors have taken a thorough look at the company and concluded it is very cheap at 1.85 for £millions to be invested.

CD thanks, typo, it was supposed to be operating cash flow around that figure.
It's a lot better than it looks anyway and it will easily be paid down and extended beyond 2022 imo.
I also would not be surprised to see it closer to 80p within 6 months.

Hereshopin/troll- read any of the previous rns.

Ebitda/cash flow is around what I said - huge.

What happened to beach bum going over 5% or did he not have his trousers on when he said it?

They won't suspend the suspend the stock just because it's gone down.
What they will likely do, is put together a solid report to release on the 16th Sep to alleviate much of that fear. Along with director buying thereafter.
I agree the price has got silly now.
Assets are over a billion
Net debt is only about half a billion and they expect free cash flow of 150-200 mill a year, meaning the vast majority of debt will be paid down very quickly.
Market cap of 72m is absurd. It could easily 20x that within 2-3 years imo.
Definitely one for the bottom drawer.

Yes a lot of sophisticated investors invest in companies that they think will likely go to zero and take an instant 10% cash loss on their investment 2 weeks later in the hope they may make more than that 2 years down the line.(sarcasm)

Is it not obvious that quite a few people here have sold out and are hoping to get their shares back cheaper?

A 'million seller' is not going to stop this. There are many more and much larger parties out there interested to buy the stock and they are growing each week that passes. The newsflow expected through September is more than we have ever seen in GGP.
The million sellers got soaked up at 1.65, they will get soaked up at twice that soon enough.

They are holding it down with small offers to try to encourage sellers to the bid. Institutions buying now.
Good to see people still bored and negative about the stock. Just shows people have no idea how high this can go or have very little invested, hence the low price.
50m cap ex cash with several projects worth many millions and 1 potentially worth a high 9 figure sum just for 30% of it.
This has all of the ingredients of an imminent boomreratingkapowrocketchachingdon'tmindifIdo!

Anyone get the feeling this is going to kick off next week?

The stock is going into institution's hands as predicted.

These 2.5m and 3.5m buys are from more serious players and longer term holders than pi's.

You can see people moaning on this board about the placing and going on about warrants. Honestly, who cares? It is a drop in the bucket compared to the bigger picture of what is likely to come in Greatland Gold. We had 212m warrants expire and now have about that amount at a 25% higher price with a longer timeframe. So one about cancels the other and we have around 6% dilution at 1.85p in exchange for £4.2m cash to accelerate some extremely exciting projects.
People go on about this for 2 weeks as if it's an awful thing and sell their shares, laughably at a discount to the placing.
Whilst the bigger players have done their homework and are likely holding for at least 100% and probably more on what they see as a pretty good bet, pi's go on about dilution, black scholes, 1.85p resistance etc. Imo, it will cut through all of that and the all time high like butter before Autumn and we will have had a lot more interesting updates to talk about..hopefully.

Agree, it is not insolvent as some would have you believe.

I also agree it looks like it's found buyers at this level and if they start competing as the sellers are almost cleared, the price will get chased straight back up.

Icarus - do you have any evidence for this at all?
It is quite a statement!

I don't think we need an RNS, this will likely trade back up towards 20's and 30's by itself given time.
I note most of the harsh drop was end July through August. A known time for lack of liquidity in the markets (shorters dream). As fund managers get back to their desks next week, I imagine they will take this to more sensible levels.

I normally think people are talking nonsense about mm's tactics but for the past 4 hours, they won't allow buys through for any more than 300k without going to NT. Right now limit to buy is 100k. Why sit on the offer at 1.7 and 1.72 if they clearly don't want them?

Most brokers haven't changed their views of the 30's+ in share price, including goldman sachs.
Trading at a miniscule fraction of NAV. Assets whilst illiquid are not intangible.
Way oversold at 8p due to shorters, diamond market, general market, misunderstanding of 22July rns (which they have tried to re-assert their confidence, baffled the shares dropped so much on it) etc
Director buy at almost 3x the price very recently
Gold/silver/platinum etc going up, likely because the market knows inflation is coming (good for our assets + good for our debt which is mostly long term)
Strong ebitda over several years.
I could go on but it seems very cheap at this price.
I'd be interested to hear an opposing opinion of why we have sold off so much but it looks like extremely negative sentiment which can often change very quickly as seen with bcn, bky and multibag rapidly.

Surely this has more chance of going up 50-100% than going down the same now?

I personally think we'll have a fairly quiet few days or couple or weeks of pi selling and ii's picking them all up around this level. Then as there's no more loose stock along with decent news flow on a few fronts, we will surge past the long resisted 2.5p mark.
I do find it shocking that we are in one of the most exciting times for ggp ever, along with gold looking like it could take off similtaneously and the main topic of the bank holiday weekend on the forum is that a poster has been banned on a bulletin board. You couldn't make it up.
Why not everyone just phone up lse and get the guy reinstated or move on for goodness sake!

This will have a doubling/tripling of the sp in a week or 2 soon, just like baconora and berkeley energia did when they got massively oversold below 10p. Forget 11p, hold on for the 20's and 30's imo. Funny old sector but this looks like a similar scenario.

Suprising no-one is talking about the gold price rise on Friday evening and the probably surge in gold prices next week.

It has a feeling of the 70's when stocks generally got battered and any company with gold in their name went to the moon.

A lot of inflation and trouble round the corner which is generally disappointing but not for the value of the gold we are likely sitting on...

Erring on the side of caution to the absolute extreme.
I'm surprised that the friendly regulars on here don't think this could be a 10x by end 2020.
All of them numbers could be much bigger.
Not saying they will be. But so far the estimates are extremely conservative. The other licenses are not to be ignored either.

Thanks again for the link paddy.
Looks like he knows news is quite soon.

One thing I haven't seen anyone mention, is that 3m oz is a minimum target. Imo, that is a very conservative estimate and could end up being way, way bigger.