Member Info for kempey

Thanks Lyndon. 11p and 12p are psychologically points of resistance. Many investors set their stop loss points at whole numbers. GGP has a way to run given the potential of their many assets and the relevant news related to them. I for one will not be setting any stop losses for some time.

Thanks Tom. We've moved swiftly through them so I would expect 12p to be around the next resistance point.

Anyone know the next resistance points?

Same daily pattern to aquire shares to sell later at a higher price. Hopefully pass 10p at COP.

I agree. Its been kept within a narrow trading range all day until the last trades. Possibly shorts closing. Does anyone know the next resistance points?

We may be up but we have a long way to go North to get back to where we should be.

From Wyloos website;

Wyloo will subscribe for 430,024,390 ordinary shares, priced at 8.2 pence per share, totalling A$60 million and approximately 8.6% of Greatland’s shares on issue.

Wyloo will also receive warrants to subscribe for an additional 352,620,000 ordinary shares at an exercise price of 10.0 pence per share which, if exercised in full, will realise gross proceeds of approximately A$60m (c.£35m).

Presumably these are new shares. Am I reading this right...they have paid 8.2p per share and can exercise options at 10p. A fair bit above the current price and I would expect the share price to move quickly towards the 8p mark. Wyloo would expect to at least double their money!!

'All income of all types above the annual threshold should be taxed at 30% and anything over 100,000 at 40% and anything over 250,000 at 50%.'

Talk about hammering the poor and low earners!!

Not sure they would even offer cash. Most likely shares in NM to whatever value of!!

When did Berenberg value Greatland at 22p. Was it after NM started their vauation analysis of NC's assets or before. I've not seen their report that arrives at that valuation but presumably it must revolve solely around Haverion as their other assets are unknown quantities at the moment. In addition asset valuation reports are usually an undersestimate in my experience. Do Berenberg get to see any priviledged data and information or do they work on what is purely in the public domain?

Not only is the data out of date they will have downplayed the asset potential given that Greatland was the only company they negotiated to buy a further % from. Now they are in the likely process of selling the company the strategy and value they place on the asset indeed all their assets, will be to the top end.

Whilst they thought it too expensive to buy the 5% at $60m they would surely be putting at least that sort of figure in the equation to sell the asset , if not more. It must be plus the CAPEX to date. We have had more successful drill results since that estimation expanding the asset I believe.

Whilst you can work out the value of NC as a whole how can you work out the value of an individual asset I.e.Haveiron. Presumably NC will have had to put a value on what they believe is likely to be the real size of the asset. Are we likely to see that estimation?

Hard to believe theres been a buying frenzy and the SP moves downward. Perhaps JPM are hovering with a large sell yet to be placed. Either that or there will be quite a jump at COP.

I can't imagine that there is much value attached to Greatlands assets, apart from Havieron, at this point in time so why not bid for Greatland as a company.

A huge fine and one or two characters potentially in court but rarely happens . I don't think these companies worry about the fines. Why worry about a £4m fine if you have made £30m profit. The shorting will come to an end eventually and the share price will rise. NC will obviously be playing down the size and value of the asset as they will eventually buy Havieron at the lowest price they can. Simple business sense. We have to hope that SD and the board are capable of matching NC in the negotiating phase. I think they are so will be staying for the long term.

Newcrest appear reluctant to acknowledge the size of Havieron despite at one point telling the market that each drill was hitting gold and the asset was still open at depth. I'm sure they have called it a Tier One find in the past. I 'm certain in my own mind that NC are going to make an offer for the asset and are possibly buying on the open market to reduce the eventual cost when they do. Can Greatland refuse an offer for the 30% and can the company offer it out to other bidders should an offer come in thats too low in GGP's opinion. I'm sure there would be companies wanting 30% of a Tier One find?

Yes, could well be a worked buy as it didn't seem to affect the other trade prices after the bell which stayed at 13p v 13.10p. The 12.60p last trade was a very small trade which may have been delayed or allowed by the MM as it would have any affect on the price going forward. I expect it to open tomorrow at 13p or most likely higher. Possibly break 14p tomorrow as the momentum gets going.

Serious resistance at 12p. Once its broken does anyone know the next resistance point.

On 'Wall Street' today regarding what type of shareholder holds the most shares in Greatland. Yahoo Finance reporting it.

'Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Greatland Gold. The company's largest shareholder is HBOS Investment Fund Managers Limited, with ownership of 8.8%. Barclays Bank PLC, Wealth and Investment Management Division is the second largest shareholder owning 5.4% of common stock, and Jarvis Securities plc, Asset Management Arm holds about 5.4% of the company stock.'
Private holdings account for 48% apparently.