Member Info for schlemiel

580k ounces of gold (from 30m tons of ore) at surface and that's from Day's own lips. We just need Newmont to get Telfer up and running again

The question is, when does GGP become the legal owner of Telfer and all that goes with it?

Good explanation -

'Yes, it is possible for the bid price to be higher than the ask price for a financial asset. This situation is known as a bid-ask spread reversal and indicates imbalanced market conditions. Some reasons this can occur include:

Temporary order book imbalances due to rapidly changing market conditions or order flow.

Thin trading volume or liquidity, where a large buy order can temporarily drive the bid price above the ask.

Errors or disconnects between different trading venues or data sources reporting the prices.

Deliberate trading strategies, such as arbitrage, that may intentionally create a reversed bid-ask spread.

However, this situation is generally short-lived, as market makers and other participants will seek to capitalize on the reversed spread and bring prices back into alignment. A persistent reversed bid-ask spread would indicate an inefficient or distorted market.'

Volumes and frequency have fallen away for the time being

S25

Is this a dual listing issue or a reference to long spread-bets on GGP? Not sure...

Even if the price does fall to and below the placing price you will see heavy buying, without question though I don't believe this event will happen anyway. It's traders talking their own book,as they have always done.

GGP is a great stock to earn good money. it's liquid, it's popular and it's a supported by real assets...what more could traders want from a stock? They're gonna try and exploit that. That is after all what the market is but GGP is a superb medium term hold (12 months or more) but with decent short term trading opportunities

Https://www.thisismoney.co.uk/money/investing/article-13881773/Seeing-Machines-remains-overlooked-market-despite-major-advances.html

When in doubt it's always wise to err on the side of caution. Wait for the 1st October and then assess the lie of the land.

'reflects the cost of the work that is required'

So we can assume that the price paid by GGP-Wyloo reflects the work that is required..I am sure it does. Forrest isn't a muppet

Decided to take a 20.4% stake the newly remodelled Greatland Gold? To be a fly on the wall when that agreement was entered into.. Newmont obviously see upside but how much upside do they envisage? Newmont obviously have confidence in the GGP team to manage and take care of the assets sold to them, protect the employees and ensure max value is extracted...all good for GGP holders

'Newmont is expected to hold up to 20.4% of the enlarged group, with an initial 12 month voluntary lock-in, a further 12 month orderly market arrangement and a relationship agreement in place to affirm alignment.10 Sept 2024'

Says Tamboran

https://www.pressreader.com/australia/sunday-territorian/20240922/281754159719871

By Mella McEwen, Oil Editor

Sep 21, 2024

Luis Baez took those attending the West Texas Geological Society’s networking luncheon on a global tour of unconventional shale plays.

The Permian Basin water manager for ConocoPhillips began with the Bowen-Surat and Beetaloo basins in Australia. Then Baez moved north to China, with its numerous unconventional plays across the country. Then it was on to the Middle East, from Saudi Arabia to Oman to the United Arab Emirates. Finally, Baez took his audience to South America and Argentina’s Vaca Muerta play that rivals the Permian Basin with 16 billion barrels of oil and 308 trillion cubic feet of natural gas seen as technically recoverable.

https://www.mrt.com/business/oil/article/global-shale-plays-west-texas-geological-society-19779734.php

The extra (new placing) shares issued will be admitted onto AIM on 1st October. but from the email you've received it looks like AJB is suggesting that you should receive your entitlement 5-10 days after the date of their email rather than from the admission date of 1st October. I could be wrong.

My advice is phone them rather than email them.

Doozer

My holdings are GGP, FDEV, CPI, SEE, SOLG and ENT (in various sizes)

there are some quality oilers based in the NS (ENQ, SQZ) and at battered down prices but now waiting for clarity of scum Labour's policy of hitting North Sea oilers with more taxes and existential regulations.

Labour it seems is determined to impose fiscal and regulatory changes irrespective of damage and to make those changes irreversible. This party is pure vermin. If the Tories hadn't been such cowardly. gutless cum takers they'd be in power for generations to come.

Blair and Cameron should be in the dock, judge sat in solemn pose with black cap on head

Heavy trading post 2.30pm..Americans?

Https://x.com/zerohedge/status/1837107751480131680

Nm

Distribution still taking place.

Thanks all

What a biggie