RE: 100%11 Jul 2023 17:46
Dear Shaun,
I am a regular poster on the LSE Board , the founder of the Stag Gang , which gave birth to numerous other Gangs around the UK ( Stroud , Stirling etc, ), and a long term holder of GGP shares ( 9 ?? years ). Quite a unique arrangement in my 60 years of investment history. I therefore have a significant interest in GGP.
Like most shareholders I am in touch with ( quite a lot )and I have enormous faith in GGP as an almost unique exploration company , with massive potential , run by an excellent BOD , that is now nearing first ore , and the subsequent revenue.
But sadly , I have watched the SP decline from 39p three years ago, and recently flatlined around 7p for the last 2 years . This does not reflect the performance and progress of the company. I am aware that external influences on stock markets around the globe , the Pandemic , inflation, Ukraine etc have had some effect on the markets.
But GGP is now closing in on the top of the ore body , revised MRE and PFS are soon to be published , which I firmly believe will be stunning figures , and GGP will shortly be cross listing with ASX. This I believe to also be an exciting move , providing that it is not utilised to generate discounted fund raising with the institutions . The company has been very quiet on this , and I believe that it is an area on which you should inform your very loyal and longstanding shareholders what the intentions of GGP are . Very specifically on Dilution , discounted fund raising to the institutions, and share consolidation which if done at the same time does create something of a smokescreen.
I would therefore ask that you provide an immediate press release / RNS / Twitter to clarify the ASX cross listing . Both from the LSE Bulletin Board and my fellow shareholder friends , I am aware of considerable concern as to your intentions - and you do have a very large number and %age of retail investors in the UK. The fact that you have not so far denied an intended fundraise is seen by many that you intend one , and I and they feel that we are being hung out to dry.
I would sincerely ask that you respond in one form or another to keep your UK retail investors fully informed of your intended agenda . You owe it to them.
I look forward to your response.
Tig