Member Info for mark888man

@Itsallamess - look at https://uk.advfn.com/stock-market/london/greatland-gold-GGP/share-news/Greatland-Gold-PLC-Transformational-Acquisition-of-Havieron-Telfer/94524399

1/Oct is the day the acquisition of Telfer + remaining 70% + .... completes. Suggest you do some research or read the last eleventy two pages on here

For those who really care, and assuming that the rationalisation does not end up over a quid and its a whole number into 1 share - that means to avoid rounding errors you need to hold a multiple of

* 30030 (works up to 16 to 1 rationalisation)

* 2310 (works up to 12 to 1 rationalisation)

* 210 (works up to 10 to 1 rationalisation).

Up to you if the dealing costs are worth it

I was feeling smug as I have a very round number of shares (a few 0's to spare for rounding purposes) then I remembered they are split across 3 accounts so 3 lots of rounding errors for me!!

Oh dear, how sad, never mind

On the plus side we lose the penny share feeling and get access to ASX - I can live with that

@Fox - like many and as you suggest I did stretch a little to maximise what I could apply for on the retail offer, and then used the returned funds to buy in the market.

I'm not a trader but I did have a view that I might trim some after a month or two. However, the things I sold out of are now much less tempting to buy back in, so as I reached a nice round number I'm going to hold for a while. end 2025 is a target life event for me and I'm hoping to see long term faith in GGP amply rewarded

This parrot (share price) wouldn't voom if you put 4 million oz through it

@WF the only reason to do it would be to accelerate earnings even faster. We can do anything, we just can't do everything. I agree it would be a mistake to boom and bust and I don't think that is the intention. But it can be a mistake to sit on assets forever - although the gold isn't going anywhere - and the PoG seems to be trending upwards for the foreseeable.

I'm a LTH but we all need to think about when to take some profit - you see all this strong hands stuff and there is truth in it but given the history of this share holding the bag from bottom to top to down again isn't the best thing to do. This is a about 20% of my SIPP but if it got to 50% I would be both delighted but also worried about risk profile. I've slow played the mortgage to create a bigger investment pot but at some point the banker will come knocking

@manfor absolutely no evidence of that - and personally I doubt that there will be significant selling pressure from at most 1% of the total shares most of that 1% belong to LTH who seem to be here for the long run

(Obviously comparing with no placement the dilution is there - but for those able to counter that as per rights issue). The dilution is not that much worse at 6p than 4.8

Some Placement Maths and not so dilutive after all. Most here bought on the market soon after placing or took steps via the placing. My story shows the dilution to be not so bad as thought and that is dilution of ownership (ie ignoring we now own a bigger beast). This includes all shares consideration (NEM), retail (us) and institutional (II).

Many narratives including this relate to how dilutive the 4.8p placement has been. I know we are all in different position based on LTH or higher/lower average. I feel I am representative of those which a substantial 5 figure £ holding around 1m shares after all the shenanigans of the last few days.

So I started the month with about 450K shares average at just under 7.2p. A cost of £33K and sitting on a £5K loss at 6p prior to the placing. Now I had about £25K cash (in a short term cash fund for personal/retirement reasons). I decided to use this and added £2K hanging around as unspent dividends for the placing. Of my £27K, £20K was successfully placed and most of the remaining £7K was used to top up on the day that trading recommenced. This gave me an 1m shares at an average of 5.84

So that's the background. Now I know there are a lot of assumptions below but start with an alternative placing price at 6p (no guarantees Wyloo or Newmont would have agreed but just say they did). I am using 13.1billion shares after 4.8p placing - and calculated 11.5 billion at 6p

At 4.8p I started with 450000 shares, I got 425000 in the placing (2 bites at the cherry between accounts) and finally I topped up 125000 at 5.4

At 6p I started with 450000 shares, I would've got 333000 in the placing and topped up 110000 at 6 (I am assuming 6 and that we wouldn't have the same uplift gain since the placing).

Given appropriate adjustments this leaves me 2.5% diluted from the %age ownership of GGP I had before and after the placing but at current SP 6.3 I would have 10% less money (10% less shares). I can live with 2.5% less ownership if I am 10% better off (and that is disregarding that I now own 2.5% less of something 3 times as big)

If the placing was higher then dilution would be more and the gain would be less (as my original shares would be worth more). So its just a single scenario but the conclusions the more shares you had to start with the higher the price you needed, and the less you were able to top up at placing prices the worse off you were.

Aha - ok -missed that subtlety just thought it was an IT glitch

@TT if you click on the thread title then it takes you to the thread and there is Tug's post at the bottom. Or 8:54am today if you want to track back. Under 100 posts today TFFT

Ricardo eating a zero is very crypto, but I like it!! At least one zero before very long, possibly 2 in a decade or so although NEM is only(!) $60bn so that's a LOT of growth even @Tymers only reckons we'll get to £0.88

7.2 - if its good enough for Wyloo

My shares were split across 2 accounts, so in one I got 90% of request of £7K and in the other I got 70% of £20K.

I just used the returned funds from the latter to top up and round up to a nice round number Rodney

Welcome aboard. I wish I was starting now rather than when I did.

But like you, we are aiming at the stars now, it's just like all interstellar travel it will take years

I may be wrong but I think that was referring to the $325m placing not the tiny part of which has been put aside for PI

Have requested 250000 shares as although a bit sad/disappointed to see the reality of the offer I guess we all knew it wasn't going to be PI first sort of deal. Had hoped the offering would be higher but taking my average from the 6's to the 5's would be an OK outcome

Makes me quite overweight but at worst the market is supporting the SP at 5.3 or so - so a little margin for a quick in and out. Still waiting

Well I'm happy sat at my desk doing not a lot at the moment, and waiting for the investor relations team to finish running around like BAF (thank you by the way) and get whatever s needed issues - it feels like we could be suspended for a while

So many rumours, lets make it real - Choose a day in September for the Telfer/Havieron RNS

I choose 19th.