Member Info for TimberTrader

Sorry, typo, 'Canaccord'!

With thanks to someuwin on ADVFN. Apologies if posted earlier, but it's difficult to sort the wheat from the chaff on here today:

"Trading strength post listing

Canaccord Genuity view News:

Greatland has successfully completed its corporate reorganisation, which included a name change to Greatland Resources Limited (previously Greatland Gold Plc), change in primary listing to the ASX (while maintaining a secondary London listing), and a 20:1 share consolidation. The share price rose +11% in its first day trading in Australia.

Changes: We have reflected the name change and new ticker (GGP-ASX), and recalculated our target price based on the new share count (~671m shares now outstanding), now 582p/A$12.10 (previously 29p). Maintain BUY rating.

Outlook: We now look to the JunQ'25 release (expected July), where we expect the company to report ~83 koz of production and ~A$120m in free cash flow for the quarter. Beyond this, we see the following potential catalysts:

• Index inclusion (ASX200/300, potential GDX inclusion; from September)

• Telfer life extension options (ongoing, see our recent site visit report for more detail)

• Havieron feasibility study (December 2025)"

Thanks for summing up, concisely, what a lot of us are thinking Jerry!

Fidelity are still showing all details from Friday close! It doesn't surprise me though. They're always slow to change. Luckily I don't need to trade anything.

Although all the details are now correct on ii, I'm still waiting to see if it's actually finally possible to trade on AIM at 08.00.

The news: Greatland Resources saw its shares rocket on Tuesday after the London-listed gold and copper miner floated on the ASX.

The numbers: Greatland shares were up 13% to $7.46 at 2:50pm AEST, having started trading at $6.60 at 1pm.

The context: Greatland — which operates the Telfer and Havieron gold-copper mines in Western Australia — raised $490 million through the offer.

As part of the move, Greatland Resources will replace Greatland Gold as the parent company of the group and be listed on both ASX in Sydney and London's Alternative Investment Market, a submarket of the London Stock Exchange.

The source: ASX

https://www.capitalbrief.com/briefing/greatland-resources-shares-soar-on-asx-debut-2f50d186-2bcc-4822-9874-c7507cc8e4f7/

For information, I received the following answer from ii when questioning about rounding up shares above 0.5 after the 20-1 consolidation:

"...Thank you for getting in touch via secure message.

I can confirm that if you had held your shares directly with the company the new shares issued to you would have been rounded up to the nearest whole share based on the fraction being above 0.5 of a new share. However, as you hold your shares in a nominee account fractional entitlements have been rounded down as per our terms of service...."

I'm guessing that it's maybe the same with other platforms.

GLA

6. FRACTIONAL ENTITLEMENTS

Fractions of GRL Shares will not be issued to Scheme Shareholders and any such entitlement to a

fraction of a GRL Share under this Scheme:

(a) of 0.5 or more will be rounded up to the nearest whole number of GRL Shares; and

(b) of less than 0.5 will be rounded down to the nearest whole number of GRL Shares,

and the resulting whole numbers of GRL Shares will be issued pursuant to the Scheme.

Anyone able to access this? It got a bit buried earlier today.

As I'm up with the birds I may try a dummy buy with ii on the ASX tomorrow. Mind you, that's only if ii are up to speed with the ASX change, as they're behind on the AIM change already.

Correct! The ASX closes at 4 PM in Sydney = 7 AM in UK.

Late trades settled now with 316,229 shares bought (6.32M in old money) between 348-360p.

Several more late buys now, so will allow to settle.

Including 50,000 buy @ 360p. 1M in old money.

ADVFN Showing GGP Close at 350p, up 12.18%

...and on past form I doubt it'll be any different at opening tomorrow either.

Absolutely nothing has changed from Friday with Fidelity.

6. FRACTIONAL ENTITLEMENTS

Fractions of GRL Shares will not be issued to Scheme Shareholders and any such entitlement to a

fraction of a GRL Share under this Scheme:

(a) of 0.5 or more will be rounded up to the nearest whole number of GRL Shares; and

(b) of less than 0.5 will be rounded down to the nearest whole number of GRL Shares,

and the resulting whole numbers of GRL Shares will be issued pursuant to the Scheme.

...Possibly less too.

6. FRACTIONAL ENTITLEMENTS

Fractions of GRL Shares will not be issued to Scheme Shareholders and any such entitlement to a

fraction of a GRL Share under this Scheme:

(a) of 0.5 or more will be rounded up to the nearest whole number of GRL Shares; and

(b) of less than 0.5 will be rounded down to the nearest whole number of GRL Shares,

and the resulting whole numbers of GRL Shares will be issued pursuant to the Scheme.

I'm also 1 share down with ii. When converted @ 20-1 the quantity of new shares came to XXXXX.9, so it should have been rounded up to the nearest whole number of shares. It hasn't been.