Member Info for kevin0541

That doesn't make sense Ben, because if that were the case you would simply do the whole fundraising in one go ie capital and equity with consolidation. The $50-100m would be lost in the midst of that process. To say they are doing a placing whilst at the same time saying they haven't decided on capital was extremely ill; thought through

7.6 now Matty. You and I have similar holdings and it is so shocking to see how this company and its RNS’s is being mismanaged. Of course I will be denounced for being critical as those with their rose tinted spectacles will say it’s all destiny and jam is around the corner, but I for one wish SD was gone and a proper CEO appointed rather than an ex CFO who lives off the back of what his ex Northern Star CEO achieved.

IMO you and others are missing a key element. He cannot issue a MRE alone without increasing the value of the other 70%, which means more funds needed to acquire it and more dilution. He is now committed to a placing on ASX ahead of the MRE so he is pinning all his hopes on a SP surge from Oz buyers. I wrote to him weeks ago expressing my opinion that the lack of focus on the SP (the tactical) at the expense of the long term (strategic) would only result in more pain for investors. Of course he never responded and he has never worried about the SP because his only interest is his career by creating (eventually) a much bigger company regardless of how that is done.

C’mon Kiefly. It could have been a compliance listing as we were apparently fully funded. Even today they could have confirmed the ASX progress but not mentioned placing. Placing will never be more than the then SO so this means more dilution than would have been necessary a week ago when we were at 9p. This is basic stuff

Dootfoot you are equally to blame for the rose tinted spectacles. Of course it shouldn’t have been 37p, but for the sake of the discussion it should have been 20p. Look where we are now under his leadership, with equity raise after equity raise, no personal investment bar a handful at 14p, poorly communicated RNS’ and a board crammed full of experience being paid enormous sums to watch the company value fall. Yes HAV will be a great investment over time, but we have to build from a very low price that is self induced! GH knew how AIM worked and whilst he milked it to the dizzy heights, he managed the market which is what good AIM companies do. JPM are on the inside track everytime and as I wrote only a few days ago, I have always believed they knew/know more than we do; else why short and never buy back even when there has been a healthy rise to 13p only a short while ago??? Nobody should believe SD is looking after us and his town halls now demonstrate that he has, to be kind, been disingenuous, and to be unkind, has simply lied. Each person can choose their position on that one

Couldn’t agree more Fred. The jam tomorrow becomes more unaffordable as the SP tanks. People don’t seem to realise the implication of raising finance to buy even a few percentage points more of HAV when your share price is falling. Yes we have a great asset and yes it is undervalued, but the reality of any market is that the asset is only worth what people are prepared to pay ie market price and SD has shown in spades that he doesn’t see any value price yet when he would put his own hand in his pocket. That tells you everything!!! He has said in this announcement that there is no certainty of a capital raise so why are people convinced we will own 100% of HAV? Why if you were a lender, would you lend an enormous sum on the basis of this track record??

How many times has this line been pushed out over the last two years??? SD is great and has a master plan, yet the only people making money are the shorters. The thing that people with this Uber positive view are forgetting, is that when the impact of the great news hits, it will be affecting a much lower starting price point. The impact is still negative even if there is good news to come

For those who have blind faith in SD you should be looking at this and questioning your mindset. JPM didn’t fold because they knew this would happen and SD didn’t buy shares because he knew this would happen, despite telling town hall attendees that he and other directors were going to buy.

It’s also why he has never bought shares! 7.9p now and likely to go down further due to ill thought through announcement

You did say NT to sell but my point is that I’d shorts were closing they have to buy so the NT would likely be buy related. We have finished at a UT 0.1 down and will open up as we truly closed and therefore that 0.1 will be reversed and will open 0.1 up

Toffets you are clearly not understanding this market. NT was to sell not buy and the price has fallen with us flat on the day. Definitely not a sign of shorts closing or market normality

Friday was bad, not because of the scale of the fall, although it was big for one day even by GGP standards, but because it ended a slow and persistent rally. Throughout the last few weeks there has been big buying but the rally was always constrained by equally big selling; however for once the buyers won out. On Friday the buyers left and the sellers/shorters went for blood in a low volume market. No reason, no rationale, just the usual attempt to hold the SP back. None of it makes sense on the fundamentals and the upcoming news flow, but there remains a niggling doubt in my mind as to what these sellers know that we don’t?!

Monday will be very interesting to see if buyers return or we continue the drop back to 8 or even below.

Games yes Aqua but I presume a big buy just went in as ask jumped to 8.8

This board sinks to vile abuse so often simply because of differing views. It is amazing that people like James, one of the main culprits, is even mature enough to invest in the first place. But then again ….

Main GDXJ listing is contingent upon revenue as per their rules

There is clearly a seller of scale as the buys have been significant in size today (multiple million buys) and yet no movement upwards. Been the same most of the week

Can anyone with level 2 see if there is a large sell order on the books as we are now flat and published trades don’t seem to warrant this?

Guys there is another interpretation far more appropriate. The reference to a foundation asset is because HAV is not the only asset. In other words HAV is the foundation and Tier 1 asset for GGP, but the company has other assets.

You can bet your mother-in-law they are getting out on the cheap.. Shares on loan dropped by 30m when the volume spiked last week and 24m of that was on a protected trade

I have personally never seen or entered into a JV without a change of control clause and that’s with listed companies. It would be terrible legal advice if there weren’t one