Member Info for kevin0541

I suspect people don’t understand how this offer will work. On the ASX you will say how many shares you want and at what price you are prepared to pay. If they get their book filled at a premium price then the UK retail bidders will only get an allocation if they bid the same or higher - like a reverse auction. Since there is likely to be big demand in Australia the chances of institutions all bidding at a discount to current price are, IMO, low. So if like many of us here you already hold a large position there is not much point in bidding as we will have no influence on the final price and are unlikely to get any at a discount. Just my opinion of course

If the ASC offer is oversubscribed, which is highly likely, there won’t be a discount and it could even be at a premium. Why the doom and gloom on here today and an assumption of a huge discount. This is a normal way of book building when you are not desperate for money

Remember they are also selling Newmonts shares and why would they sell at a discount.?! There should be no need for a two tier approach ie discount for the new shares and full price for the others. As I understand it the book building is for interested parties to declare how many they want and at what price they will pay. At the conclusion of that a price will be set.

To add to this, SD has stated they only have under consideration a minimal 2.5% (max) share dilution/raise to encourage interest, but has maintained a compliance listing without any raise is likely. Since many institutions have an obligation to buy on listing, I am hopeful there is no need to incentivise at all and it is purely compliance listing.

In fairness I think you are correct. They are subscribing for them so they are purchasing them directly. At least they will show up as Director transactions which may make an SP difference

Directors have to buy their stock after hours today or Monday based on today’s VWAP.

Yep lo and behold the directors get to buy at tomorrow’s VWAP and it will be much lower than when they agreed the deal. Mmmmm!!

It will open 14.6/15 exactly as the last trades. Ignore the UT

Reinvesting 50% and taking balance in cash

One would hope they are also hedging on oil whilst it as low as it is. Must be a significant element of their AISC

It's 20:1 !!!!

Anyone know the date of the next rebalance and what quantity they might need to buy?

June is H1 so it can’t be announced before listing as he has said it will be in H2

Looking at disparity of sells vs buys on LSE and the way they held the SP down again after the initial surge, I expect to see some big buy trades reported after the close. More and more institutional purchases mopping up what the retail sell. Still plenty of great news to come in next few weeks eg the Telfer reserve which will inevitably be very good as he wouldn't be trailing it in the RNS I also like the way he is spreading the news to get to the ASX listing and managing AIM much better than he has ever done before

It will be a compliance listing with no raise required. He has stated this a few times

I am in the same position, but I don’t know the answer I am afraid. I am trying to build up a very big long position before consolidation happens as margin price will be huge if share price is £3 a share. Best we email IG and ask

My guess is that this will be the next big move. They probably won't rush to do it, but its the logical next step and could be done on an all-share basis once consolidation is complete

You would think this and Mondays results would be enough to make the algorithm bail, so hopefully by mid next week we could be much higher with huge forced buys and plenty of optional buys

IG working fine

Its been available for a long time and you can download it yourself