Member Info for Naylor442

Deedum, it wouldn't work like that. Under rational theory, the only 2x outcomes from this point would be:
1. NCM take up the option for 60m and continue with 70% ownership as they think the 5% is worth more than the GGP offer, or
2. NCM take up the option for 60m but subsequently sell it back to GGP for the price which was offered, and their return is then the delta.

Utter madness.

A completely unfounded rumour. Maybe they have, maybe they haven't, but no possible way to know either way. Just an example of someone wanting to look like they know something.

If NCM thought the 5% was only worth $60m and nothing more, then they would have probably engaged on the non binding offer which was substantially higher...

Jiggle that's incorrect. It would be 6x 50 GBP, so 300. But that is a floor price which reflects no upside / other tenements etc.

Can't help but feel we have been well and truly shafted.

Surely has to be something new to tell us tomorrow, otherwise don't really see the point.

Say we did a 2:1 consolidation Jiffy, the shorts would just borrow half the amount, so yes less around to borrow, but also need to borrow less so don't think that would have any impact on their strategy.

Any issuance needs to be viewed in the context of the discount at which any shares will be issued. If the discount is minimised i.e. close to 0%, then not really an issue.

Also total number of shares in issue is pretty irrelevant. If half the number of shares now, you would just have half the amount but 2x the SP, so still the same value.

If makes you feel any better, they just reported a 30% drop in net income for the second quarter.

Echoing for you as well?

Tbf TT, think its reasonable for people to think a 5% RNS could be coming at some point soon. It has been ongoing for quite sometime now.

I agree an RNS would have been preferable, however he did allude to 20moz outside of an RNS.

I wouldn't say no to a few more snippets of gold like that one.

Yet again another completely false closing SP due to an uncrossed trade. This happens more frequently with GGP than any other share I have ever watched!

SP decline post updated resource estimate is just baffling. Think Bernie needs to give us some further communication to stem the tide. The drop is completely unjustified given project post tax NPV is now c.11x our market cap.

Could you please explain the mechanics behind "They could all end up taking each other out in a damage limitation move".

Not quite sure I understand how this would work JD? The shares have to be returned to whereever they were originally borrowed from, so trading intra shorters wouldn't solve this?

Gotcha, thanks for the reply :)

Hi Laverda,
How do you know we had 4 offers at c.300m? Apologies I have missed that!
Thanks

A short position does not accumulate any shares. The premise is that shares are borrowed and sold onwards in the hope that can repurchase at a lower price and then hand back to whoever they were borrowed from.

Not quite a "savage attack" Roy...