Member Info for swingman

I assume the currentSP already include the enlarged share capital and prices are artificially lower.

I don’t think that the UK shares would benefit from narrow spread, as there won’t be any correlation between the listings. If you compare to some of the largest companies in UK are also listed as ADR don’t always trade at the same price. So I don’t expect any benefit for us being listed in ASX

I am not a fan this retail offer. Is there something sinister lurking in the background? Of the company have no debt and if would have better to borrow than dilution which create some opportunities to someone to manipulate the shares. Take today, the SP has already dropped and more sales than buy which gold price has gone up by 1%. This is pretty bad for existing shareholders. When they created extra shares for management for days ago, the SP was dropped for them to buy at discount.

Best action should have been to buy shears and keep it in treasury and transfer them to ASX for Aussie investors. If necessary borrow money which can once sold could be used for funding future expansion.

I am getting nervous that my gut feeling is that SP could down to 10-11p.

I am also getting cautious in my old age. I currently have a small holding and in profit. The reason for being careful is that I also have few aim shares, that were rammed up as 20 Baggers, now nursing losses of 80 to 95%. It’s easy to get carried away. These talks also stop you from profit taking for the fear of missing out.

Are you suggesting that others also haven’t read it. If you all read and believe why the share price stuck around 14.5p? Even allowing for future growth, the current should be closer to 50p.

If it is a 20 bagger, why the price is moving north?

That may in 2 to 3 years whist gold prices stay around current prices. If they drop so the SP.

More like 500p in old money.

I was expecting lots of Australian Instrutional buyer queuing to buy this stock. Did they get cold feet?

I couldn’t bing myself to vote on this stupid motions

There was a short covering of £16m @798 after hours. It will raise tomorrow

SP too high for volume. It need to come down to attract punters.

The drop has nothing to do with results. Bunch of shorters wanted a go. On another day this results would have punched up by 5-6%

I think the price is too high. Should be under £20.

Bit surprised by the drop. Results are ok. Falling by 12% is bit overdone.

Greedy markup and larger margin by MM has killed the trade. There has been no justification to pushing up the price when the demand is low.

MM are milking with over 2% spread.

Spread is not just for selling. Mm are pushing their profit and reducing yours. Don’t assume that you will make multi bagger.

I don’t think 30p in new money is not a big spike. It’s only 1.5p now.

Is the UT buy or sell? It’s below the ask/bid price range.