Member Info for swingman

MH1 ,Dannyboy, How many GGP shares you hold. Hope you made a ton?

There were no additional demand for Newmont shares and the UK offer is only marginally over subscribed. Probability Australian investers already have enough Gold shares and not rushing to buy this whist gold prices are high. Gold price has reached a level and the war in middle east didn’t push higher.

I knew we are in trouble as soon as the offer was announced and then with discount made it worse. Now bit late to sell. I don’t expect it to get to £3.40 until after the next results if it is positive. My new term view is between £3 and £3.30.

Yes true. But we are shafted. All good work ruined by this discounted share sale. Didn’t realise that the company was desperate. Now all goodwill and future share price diminished

So do I. Underwater for a long time. Need to double to get back.

These retail offer and ASX placing at about 10% spoilt the sentiment of the company . It gives the impression that you needed discount to shift these shares. I now feel the upside potential next week has diminished and only good results would lift the SP.

You will only get them next Monday in new Resources shares.

Yes Now the offer is closed and lots of buy going through. May even end above 18p.

IC123, It all seems very greener future. Investing in AIM is always risky. I am already retired. I put on lot of horses in AIM for more than 10 years. Everyone of them at that time going go to moon. Now they all crashed and lost lot of money. I have been directly investing for more than 30 years. Should not have changed in investment decision and continued with blue chips. Believe me I would have been much richer and not glued to this site. It’s also too late to sell all AIM shares as they are almost worthless, hoping one or two might still bounce back. More in hope than conviction. I would suggest diversifying is still best option. At least move 50% out and invest in other shares. Good luck

MattyBoy, You don’t know what was actually on the form. Stop speculating with old news which when published in May would have been the underlining price. Are you trying to hoover up the panicked selling tomorrow. I am not selling for at least few months.

Sometimes it’s too expensive to spend time to get all necessary paperwork for smaller projects. This is where smaller players with little overhead can successfully compete. That the North Sea. All the majors have closed shops and minor were started extracting profitably unit the latest tax hike.

Was is the price range? Without knowing it this info is useless

The consolidation price would be based on supply/demand and not tied to cob on Friday. Once it is decided the new shares offered in UK would be the same. If would expect the existing shares to stand pat. Also on the other hand if the demand is high in Australia there may be uplift in UK prices as more would buy using DI option. It will be interesting to watch and act as necessary to maximise owns profit.

If the price jump big and if you feel it is not sustainable one might be tempted to sell and book profit. Or wait until the next full year results.

I ent to say no upper limit

Since this SP is going into DI which is not good news for UK investors. I feel within a kshot period of time, most shares would end up in Aussie index.

There is upper limit on valuation for AIM shares. If it goes in to main index, it’s expensive to maintain in it and the pointers need to pay 0.5% purchase tax.

Price at Amazon is £14.02 now. They sold 300+ last month

Not everyone has access to subscribe to new offer. It was arranged in a hurry without any meaningful access to all existing shareholders. I don’t think it will start treading near 30p. Probably about 18p and may get up to 20p unless the next update show significant higher output.

No one in this forum have any facts. It’s all wishful thinking and everyone trying to influence others. We need to wait for real facts.

The new upgrade is only for ner asset value of 29p. So what is the realistic value for SP? 20pin the current quarter?