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https://seekingalpha.com/article/4286181-newcrest-mining-limited-ncmgf-ceo-sandeep-biswas-q4-2019-results-earnings-call-transcript

Courtesy of Pr0t0n from the other board

But if it’s before the 27th, day traders and others would be selling first. The big boys would not be happy.

“Drilling results (good or bad) are what we need next...... rather than general updates”

Don’t expect any until the big boys join us on the 27th, when they can sell their new shares into a rising share price. IMO.

Whilst biding our time waiting for some news, I thought I would pose a Hypothetical question. Should a mid tier miner, having read what GGP are doing, make a cheeky bid at 3p a share, which would obviously be rejected. Would GGP have to inform the market of such a rejected bid and if so, would we then be under the takeover code, where large shareholders would have to reveal themselves?

lets Just hope that results are favourable. There are no guarantees at the moment which is why the share price is where it is.

GH has gone fairly quiet on Black Hills, which could be a positive or negative.

We need results which may only come after the new-shares have been admitted to trading, but with II’s and HNW investors coming on board, we can all hope everything is positive.

Good luck to all holders.

This drop in the sp, must be a classic case of frightening the weak to give up their shares and place them into the hands of longer term holders.

If it was anything else, all our new investors would be up in arms with GH, for making them pay 1.85p.

We just have to wait and see what news is released.

I would love it jd, if you were right. Unless something comes we will drift downwards.

I know and appreciate what you are saying, but remain sceptical.
Companies have to look after the big boys who supply the new cash to keep them going.
I am surprised that the admittance to trading is so long, but they will come onto the market after the next bank holiday so nothing should then(hopefully), disrupt the news flow and increase in share price.
May, May go away. Come back St Legers day. Comes to mind.

You mean like the new share issue, which was only released after the warrants had expired?

“The 225,813,513 Placing Shares are expected to be admitted to trading on, or around, 27 August 2019. ”

Whilst I would love to see news today, why would GGP release any Rns until the institutional and HNW investors have come on board. Surely any good news would be sold into.

The funds raised by SI Capital Limited and Numis Securities Limited (acting as introduction agent) increase Greatland's cash balance to approximately GBP6.4 million.

So we still had 2.3 million left before this fund raise, which seems to suggest we are going to embark on an aggressive drilling campaign over the next 12 months.

Seems like a long time before these shares are admitted to trading (27/8/19), so does that mean no news of any substance before then?

I can’t imagine the share price will be allowed to run for some to offload before the big boys have had a share of the action?

hat, the warrants were non transferable.

I wonder how many of the large sells in GGP we have seen over the past few weeks, were later cancelled?

How many of today’s sells will be cancelled later?

Worth reading Burfords Rns this morning into market manipulation.

Hopefully the FCA will look into this. I hope they also investigate the paid de-ramping that goes with it.

A Block Listing Six Monthly Return was rns’d on The 12th July showing that only 7,300,000 had been taken up.

Whilst a block listing does away with the need to Rns every time warrants are exercised, I would have thought that the shares in issue needed to be kept up to date to ensure large holders comply with notification rules.

Having looked at the last ‘total number of shares’ Rns in April this year, that figure corresponds to the figure on GGP’s website this morning.

Can we conclude no warrants have been exercised?

News of a closer tie up with Newcrest over the weekend. ;0)

Maybe Newcrest will buy 500 million shares at 4p, to given them a 12% market share in the company. That would boost the price considerably and give GGP money to invest on new drilling!

With positive news as well, Newcrest would make money on their share purchase and give them a nice percentage of future projects for a very modest investment.

I love imagination lol.

Ipad, I am being very conservative with my figures as I am sure I would have been shot down if I had gone a lot higher.

Whatever the figure, with a large cash holding, we could be seen as a target for that cheeky bid.

Let’s all keep our fingers crossed.

To be fair to GH, we are talking with the benefit of Hindsight re the placing as the money raised was used in part to fund the second round of drilling at Havieron, which resulted in the stellar result from HAD 05.

Raising funds can be difficult at the best of times and sometimes incentives such as warrants may help to secure that backing. In addition the warrants were a useful way to raise further funding subject to the share price performance, for the future. The fact that the majority of the warrants don’t seem to have been exercised is neither here or there. Once news on our recent activities are disclosed, we are all hoping the share price increases and with it, the ability to raise funds at a higher price than today.

200 million warrants expire on Friday. Newcrest obtain 200 million shares ( or more) through a private placement at a much higher price.

That’s what I would l8ke to see anyway.