Member Info for SpadesAspade

On the blob me thinks !

What truth Freda ?

Did I fail to mention that when SD took over the reigns from GH, he did so with only £4M in the bank.

How much is in the bank now Freda ?

Yes that’s correct, enough to have paid for Telfer in full, in fact Newmont basically gave it away for free, with the amount of gold they’d left us in the stockpiles.

And all you do is whine about it.

Tell us, why are you still invested in GGP if you don’t believe in the management ?

You just can’t see the absolutely massive potential here can you. All your interested in is the fact that your original investment hasn’t performed as you’d expected it to, and instead of looking in the mirror and asking who it was that decided to invest at the wrong time, you just look for someone else to blame.

Everyone here sees you for what you really are, a coward, someone who won’t take responsibility for their own mistakes.

Just grow up and admit it was you who fecked up by buying on hype, not SD !

🤡

What Freda forgets, is that GGP actually had 4.1B shares earmarked by way of the shares promised to five diggers on notification of the DTM. Infact Freda always fails to mention that at that particular point in time, GGP only owned 30% of the Havieron project.

Just using simple arithmetic Freda, should tell you that if you take 4.1Billion shares and add then divide by 3 and then multiply by 10 you will end up with over 13B shares, and that’s just for the extra 70% of Havieron that we didn’t own.

We now not only own the full 100% of Havieron, but also Telfer too, and everything else that came with it including a small percentage of Antipa.

So Freda, pray tell us just what you would have done differently to achieve anything near to what Shaun and his team have done.

You have done nothing but criticise him since the off, and all because you think you know better, yet say you are still a shareholder. So either you’re not a shareholder at all, or you’re just as mixed up as several other schizo’s here.

Anyway I won’t say anymore, I’ll just wait for you to set out and explain to everyone here just how you would have done things better.

🤡

Interesting that when you use an AI Overview, it comes up with a completely different set of figures !

The latest publicly available data from July 2025 indicates that retail investors hold 53% of Greatland Resources Ltd (GGP), making them the largest group of shareholders in the company. This substantial ownership signifies that individual, or general public, investors have considerable collective influence over the company's decisions.

Breakdown of Ownership (July 2025 Data)

Retail Investors (General Public): 53%

Private Companies: 23%

Public Companies: 10%

🤔🤔🤔🤔

Ian, stop posting nonsense will you !

Upon the UT at 16:35:12 there were 251,891 buys, 347,910 sells and 81,586 unknown.

So unfortunately your figures just don’t stack up. But there are around 440,000 shares reported after the UT, a decent percentage of the overall, but not 95% as you claim.

I don’t know if this has been shared before, but an interesting take on just how some of Australia’s gold miners are looking ahead to the future.

https://youtu.be/UlFoAnr9lzY?si=xSQYTvChfg4r0Bnb

🤝

I e no doubt the buying will come MH, but just not as quickly as the 22nd September.

Unless of course, suddenly A$168M Aussie dollars worth suddenly appears out of fresh air for around £3.10p, but I doubt very much it will.

I’m not getting into an argument about this, there’s absolutely no point. What will be will be. We are all here for the same thing, a successful company with an ever growing SP.

ATB

I could ask you the same question, what is yours ?

Why do you assume you are correct, you haven’t shown me one article to say you are, whereas I’ve just provided you with a few !

Wasn’t the GDXJ supposed to keep track the weighted average of GGP shares in their fund ? What happened there, why was it not to the allocation it should have been ?

But in all honesty that wasn’t my original point.

My point was that there is no governance that even if GGP are included in all the funds, there is no deadline for acquiring all said shares.

I’m hoping along with everyone else that GGP shares do get bought by these large funds, but imo it’ll take time for them to get what they want and at a price they want to pay.

They are not just going to throw money at it, just to be upto speed on the 22nd.

Ask yourself this, hypothetically what happens if no one’s prepared to sell and wants to hold out for £6, just how would it be possible to do as you suggest 🤷🏻‍♂️

MH01, what you are saying is that each fund buys every constituent of the ASX 200, which is not true.

Not all companies listed on the ASX 200 are in the funds, the only recommendation is for there to be a "satisfactory spread of shareholders" and sufficient liquidity, including a minimum number of Australian resident holders, to ensure a healthy market for all investors.

There are no specific Australian funds obliged to buy shares in newly added ASX 200 companies; rather, funds like ASX 200 ETFs are structured to replicate the index, and their buying or selling is triggered by the index's composition changes, not a specific obligation to any single new entrant. The ASX's rules primarily focus on requiring a broad shareholder base (including a minimum number of Australian residents) for new listings to ensure liquidity, not on dictating specific fund purchases.

Here's a breakdown:

ASX 200 ETF’s - These funds, by design, aim to provide exposure to the ASX 200 index. When a company is added to the index, the ETF's mandate will include purchasing its shares to match the new index composition. However, this is driven by the fund's strategy to track the index, not by a direct obligation to the newly added company itself.

No Direct Obligation to Individual Funds - The ASX rules for listing companies focus on ensuring a "satisfactory spread of shareholders" and sufficient liquidity, including a minimum number of Australian resident holders, to ensure a healthy market for all investors. These rules are not designed to mandate specific purchases by particular funds.

Market Forces:

Instead of a direct obligation, it's the market itself that creates demand. Once a company enters the ASX 200, investors, including ETFs, will naturally seek to acquire its shares to gain exposure to the index.

In summary, the number of Australian funds that will buy a newly added ASX 200 company is not fixed by obligation but rather by market demand from index-tracking funds and other investors seeking exposure to the Australian market.

So there you have it, nobody is mandated to purchase GGP if they don’t want to. They can if they wish, but nothing set in stone.

Now hopefully some plank might apologise, but I very much doubt it 🤦🏻‍♂️

Australian superannuation funds are not obliged to purchase newly entered ASX 200 companies. While funds must invest on behalf of their members, their investment decisions are guided by their investment strategy, which includes global diversification and consideration of factors beyond just an Australian market index. Funds have the discretion to invest in a broad range of assets, both listed and unlisted, to meet their investment objectives and are not mandated to buy newly listed companies.

Key reasons why there is no such obligation:

Diversification - Super funds are required to diversify their investments across different asset classes, geographies, and sectors to manage risk. Over-concentrating on the ASX, or any single market, is contrary to this principle.

Investment strategy:

Each fund has a specific investment strategy and mandate. These strategies determine how funds invest their capital, and this involves looking at a global pool of opportunities, not just a specific index.

Prudent investing - Funds are obliged to invest prudently and in the best interests of their members. This means investing in companies that offer strong prospects for returns and alignment with the fund's overall strategy, rather than simply buying any new entry into an index.

Size and capacity - The Australian superannuation system is very large, and funds invest only a portion of their assets on the ASX. Focusing solely on the ASX, especially on newly added companies, would quickly lead to funds becoming too large for the Australian listed market to accommodate effectively.

Choice and flexibility - Super funds have a wide array of investment options and can choose to invest in a range of domestic and international listed companies, as well as unlisted assets. They are not restricted to just index-following strategies.

For anyone who likes a good bedtime read on the subject of superannuation funds and the ASX 200, try to digest these papers

https://www.firstlinks.com.au/why-asx200-gone-nowhere-16-years

https://www.investmentmagazine.com.au/2024/01/super-fund-ownership-of-asx-is-no-gothic-horror-story/

What scare tactics are those Monty.

I think you mistake me for Freddie, I think the vast majority here know I’m in this for the long game, 6 years & counting, what say you, 6 months if that.

Monty obviously you have a lot to learn, I’ll bid you farewell as dinner awaits, but don’t be surprised come the 22nd when you’re expectations may be a tad underwhelmed.

If that were the case, there would be nothing to stop brokers ripping them off and setting a price way above what it should be trading at.

It protects both sides !

MF, no one’s saying that the funds won’t buy, what I’m saying is that it isn’t mandatory that they have to have purchased all stock required, by the opening bell on the 22nd September.

Hey Monty, I suppose you’re tarring me with the same brush too are you !

Pull your head from up your ar5e and do some research 🔬