Member Info for Ricardo2019

Hi Sageman, sorry for my ignorance but would you mind explaining this a bit more please and how you got to 18.6p?

"Looking at the recent options announcement. The implied price for the strike is 18.6p. "

Bowie summed Major Tom up perfectly.He's smoking something.

The spread has widened. That is all.

Ben omits to mention that the cash pile isn't just for exploration. We have a mine to build. But otherwise, he's right that we need to remember the other tenements.

Gold5, second time in four days you're asking about consolidation. Pretty sure we put this to bed the last time.

With PFC it isn't the consolidation you should be worried about. It's the 2.5% of equity you'll be left with post financial restructuring and achieving that 2 yr target of £6 (pre-consolidation target).

I don't think you're posting in good faith.

I will lazily copy and paste my previous answer to this same question from a different poster:

B4zh, you've got to start thinking about this in more depth. For other consolidations that you've seen, tell me what you saw in terms of share issues and why those shares were issued. In particular, what was the financial position of those companies in the years during which billions of shares were issued? Contrast that with GGP. why do we have so many shares and what's our position?

If you think about it, you'll realise the huge difference between a company forced into consolidation because they'll need to place in the near future in order to survive, and a company welcoming it as a building block for growth.

No worries JohnnyX1976. Always best to double check if not 100% sure when it comes to these golden tickets. The genuine folk here are happy to help.

To confirm, that line means that the last day that we can deal in GGP shares on LSE is the Thursday and then your GGP shares will convert to GRL shares on the Monday. Which is interesting because it reads as though no dealing in GGP shares (or GRL shares) will be possible during the entirety of Friday 20th June. Trading on AIM restarts on Monday and for the ASX on the Tuesday.

It is not a dual listing. It is a cross-listing. And no, you don't gain shares. You will receive one GRL Share for every 20 GGP Shares held. Seriously why does GGP chat not educate ?

@JohnnyX1976 you don't need to do a thing.

Easy solution: stop pretending to be a day trader. Think like an investor instead.

Iknownuffin - get your facts straight before calling anyone a liar. On the call he was talking specifically about the stockpiled materials. There may well have been firesale offers relating to a sale, but that was not the context of the question being addressed by CS.

I await your apology.

Two important clarifications:

"Sale inching forward" - No sale is currently inching forward. The market conditions that may help a sale progress are inching forward. Two very different things.

"Received offers but fire sale price ". This was referring to stockpile sales. Not a sale of the company/whole assets.

Don't confuse his positivity with him knowing what's happening - as you claim. Actually, he told you quite clearly on the call that while he sees more positive signs compared to a year ago, he doesn't know what's happening and all options remain open. That's no criticism of CS - no-one knows what will happen. He, like us, awaits further geopolitical improvements - and also sanctions removal. He's more positive because over the last few years they were struggling to keep the lights on. Now that's been sorted until 2026, giving us some breathing space. So there's a potential for a brighter future, but he was honest about the need for further geopolitical movement. But let's not pretend we're out of the woods just yet - that would be untrue.

He's overplaying the significance of the touted Arctic alliance. But other than that, I like his approach to the next few months. However, I'm not expecting much from those - because as CS has made clear - he needs the sanctions to disappear before anything major will happen for EUA.

I also like his attitude towards firesale offers, and his desire to achieve value for shareholders.

It is patently obvious that Russians only engage in talks as a means to stave off more sanctions, or advanced weaponry being given to Ukraine. With Trump currently allowing Putin to continue waging war without major repercussions (which, despite Trump flip-flipping on major policies daily I don't see changing) then the current attritional warfare is likely to contine for the next year at least because the Ukrainian's can keep defending, and the Russian economy is nowhere near collapse.

But the dual listing is an interesting move. The AIX is far too tiny to make much of an impression on the share price - there's not much capital there. However I think the BoD aren't doing it for the SP, but for facilitating a sale. Let's see if the BoD tell us how they intend to leverage the listing.

The irony made me chuckle. We're all good.

> I may be wrong but in mm speak a 1 showing up on the trades board signifies that an RNS has been lodged.

So how you do you explain all the 1 trades where no corresponding RNS appears? This 1 trade myth comes from the boiler room crews trying to create a rise that they can sell into. It's been around for at least a decade, and was never true.

I forgot to mention that we do have some big non-retail backers already - important to mention that. But they know their mining onions. A pension fund, for example, wil be far more cautious in this sector than someone like Twiggy.

Where'd that 'h' come from, eh? lol

To be a nearly risk-free share GGP would have to be growing gold bars on trees. Figuratively speaking, we have our own money tree now and will have an orchard of them in a few years. But the big buyers know that mining is risky. And they like to see a track record of things like profit. So they're a little more cautious than us retail investors. But they'll jump on board soon enough. Today was another nice step in the de-risking journey.

This is OT so I made a new thread but on the subject of spelling. You may have heard of the North Devon village of Westward Ho!. A special place and the only place in the UK with an exclamation mark in its name, plus it's named after a famous novel. So the name is very significant, and the unique spelling even more so. Some of the locals like to spell it Westwood Ho. They even do this when the correct spelling is clearly displayed on the page they're posting the wrong name on. It gets my goat for some reason! So I empathise.

Hi MH01, I have a Twitter account but never post, only follow. No, I am not whoever that Rhino dude is. I'm curious as to why you wonder that? I am very bullish on GGP. And if I wanted the price to be lower it would only be so i can buy more and bed and isa more!