Member Info for sandgrounded

Wouldn’t they be entitled to the shares in any case, if a takeover was done.

I am hoping that Dip will do his best to do a transcript of this lunchtimes podcast.
I would like to read what he said about mergers and acquisitions.

Thanks JB.

Appreciate your reply to Dip.

Thanks DGR. That seems to make sense.
I don’t know if you could answer this though. Can Pacific Trends ( or whatever they are called), raise capital if they wanted to, against those shares?

The timing certainly caught out most of us lol.

Dip, you are perfectly correct. I was trying to help out a poster from being ridiculed for his thoughts.

If I could ask you, “ what are the benefits to Pacific Trends in making this deal? Tied in for at least 12 months with conditions for selling in the second year.”
Thanks in advance.

No they have done it with Ggp instead. ( 12 months lock in and a further 12 months were sales will be managed.

There was always an outside possibility that JOM could approach Pacific Trends. Shaun has had the foresight to. Cut that option off.
He must have been aware of the potential harm to the share price, so good on him, looking after the shareholders.
I love it when people come on here ****ging off people with the benefit of hindsight. Oh to have that knowledge and power.

The shares to pacific Trends were due either on confirmation of decision to mine Havieron or when Newcrest obtained 75% of Havieron.

The fact that Greatland have done this deal means Shaun thinks we are definitely mining or that Newcrest will take the 5%.

I think this is what the earlier poster was saying.

When there was no Rns at 8am, I didn’t think there would be one today. To get one whilst a presentation is going on is unusual.

Sounds better on YouTube. Have switched over.

Surprised the rns released whilst people are sat in the room listening to Shaun.

An excellent rns by the way and removes some of my concerns about where the shortest would get their shares to buy back, from.

Is it my iPad or is the speech getting feedback.?

Very well put, poniexpress.

Unfortunately he cannot give news during his presentation otherwise people sat there would be disadvantaged. It is probably just an update on where GGP is at this moment in time.

Jamesp21, - Sandgrounded - A$83m, US$56m.

Apologies for the late reply, I have been out all morning. Yes, You are correct. Cheers.

Sprout!!!!
Sprott lol.

Sprout giving an average value of $84 million for the 5%

I could add
Newcrest buying a 10% stake in the company?

We all believe Shaun is coming over to talk about Havieron. Could he be coming for anything else?
A sale of the Tasmanian assets?
A buy out or j/v with another company? (Although a buy out would stretch our finances at the moment).
A new j/v with Newcrest?
Ernest Giles?
A rights issue? ( only joking)
New tenements applied for?

If I’ve not covered everything there, please feel free to add. ;0)