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Best decision ever and one which Wyloo probably insisted on, in order to protect their investment. Shorts were waiting for a listing with placement and would have destroyed us. Now only positive news possible for next 6 months so why would they hang around???

There were two big disappointments for me in this interview. Firstly that MRE will likely come after ASX listing and secondly despite being done over by NCM again, he is saying that his own MRE will be externally peer reviewed and then offered to NCM to peer review! Why oh why would you cow tow to a company that you will soon have no relationship with and who will probably sit on it to extend delays?

@Toffers of course Blackrock knew there would be no MRE otherwise why would you leave a massive short position open on the day a big upgrade was due?!

Nobody, even the most ardent supporters of SD and GGP should be happy with the current situation of uncertainty and poor communication.

The SP seems to be stabilising today and I hope it’s because Jupiter are still adding and sweeping up at low prices. They bought another 17m recently so they, like most of us, believe it will come good eventually, but not everyone will survive that wait and further potential dilution will minimise or even eliminate the profits we all expected a year or so ago

TT I admire your unwavering support for SD and this ‘magnificent’ well paid board, but I for one feel that they have no idea how to control the narrative. AIM shares require lots of updates and reassurances (rightly or wrongly) and delays of an MRE for a year (as per first statement of intent) only serve to provide negativity and opportunity for shorters and traders. Look at the likes of MARU and ONDO (the latter having risen 700% in recent months (promoted and invested in by our old friend Gervaise) where they constantly use Twitter/X and other platforms to keep everyone enthused. Marketing and investor relations with a find this big and world class should be so easy, yet all we ever release in recent months (other than the decline progress) are delays and risk of dilution - yes I know there have been some good drill results, but my point is that we are not actively promoting the company. Just my view and I know many will disagree.

That only gives an info address so won’t go to him personally - or am I missing something. Apols if I am

Shaun.day doesn’t work - anyone able to offer the correct first half of his email??

Also the shorters already knew there would not be an MRE update, why else retain a 60m position when there might have been a big rise in SP?!

To me the ‘we note’ that there is no MRE says he was caught out again and that should never happen in a well run JV. SD seems to have no control over HAV and that worries the hell out of me. Why are we always on the back foot. His own MRE should have been in his back pocket and to cross list without it means risk! Aussie shareholders and institutions will also want to know the MRE before they stump up their money - unless it is positioned as a big discounted placement. Risk for us everywhere!

Can someone share SD email address. We should all write and stress we won’t vote for ASX listing without an updated MRE

Bid at 7.1 yet in reality offering 7.29 (just tried dummy sell of 190k shares). Must want the shares for someone and will show up later today

What if the funds that were forced to sell in their rebalance due to their rules, bought them straight back almost like a bed and ISA trade? Price never shifted on massive volume so something like that must have happened

The target was/is August so it shouldn’t delay

Normal games and shorters showing their hand right from the gun

According to LSE 19m traded at close and yet SP never moved one way or another throughout the day. How is that possible in a normally functioning market??

SaS I have just read your reply to Speadie and as a consequence I implore you to stop investing. If you don’t even understand that placings cause dilution and are undertaken in order to raise actual cash for a company, then you are a danger to yourself and others following your posts. Be safe!

Spades you only focus on what suits you. Placings raise money and without investors, Private or Institutional, then the company does not get the cash it needs. Likewise a low share price affects the ability to raise equity and/or debt and so again affects the company. Poor performance of management affects share price and people sell as a consequence. It is all interconnected and we PIs are an integral and even fundamental part of it - especially in companies without revenue!!! Grow up and see both sides of this argument. Sure we have great fundamentals, but at this rate there will be billions more shares in issue and nobody will get the return they expected. Those that think this will recover to the dizzy heights of 38p with this many shares in issue are going to be sadly disappointed - bar if you take a very long term view or there is another big discovery of course.

I truly hope we all do well, but it is also part of a shareholders duty to hold management to account. Even Wyloo are 20% down and I doubt they will accept much more of this before they force action. SD is far from safe in his position and every day that passes without him investing in his ‘own company’ shows how weak a man he really is.

Grouch if you are happy to ignore the massive drop from his announcement as MD ie not well received, then fell free. Moreover if you feel SD is doing a great job from 25p to 6.5p ie a 75% fall, then you are in a very different world to most investors who normally seek gains

you make it sound as if the rebalance is almost irrelevant. their algorithms require them to buy or sell based on the underlying performance of the equities. **** performance by ggp means sell and that has been a feature of etf investment for 2 years. remember they bought in at 27p so they have been hurt big time by this perpetual cycle of sp destruction

But it was announced December 2020. Market knew what was coming!