Member Info for Troutisout1

...2 more tranches the 3m and a 7m that is being delayed, not many on the offer now.

Silverhorse you doing a 180 on us?

LSE are very good at dating trades and it states the 12th March and would also go some way to explain the trades yesterday as the MMs tried to fill the order.... Even if it were from the 11th the spread was even cheaper then so cannot see how you can claim it to be a sell at all...

The 245k was a buy Micho,

I know it cost me just shy of £10k... :0)

Apart from they work the other way round and report the trade once they have filled it, look to the recent buying for that and that it wasn't necessarily two sells, the 40m could easily have been a transfer or a buy.

While I've just added again, then after a period of NT, it ticked up on the offer

Don't think it was the warrants as they were 82.5m of them and also they were exercisable at 0.14p, you wouldn't sell at a loss.

Here it is,

Traxpern

12 Mar 2024 23:53

Posts: 525

Price: 0.0475

No Opinion

Https://www.theaic.co.uk/companydata/grit-investment-trust/announcements/395871

I wouldn't take any notice of Ria...

If you look back at his posts under another heading you will see a TR1 he posted showing the Edwards' involvement in GRIT.

"Tax losses available to be carried forward by the Group at 30 September 2023 against future profits are estimated at £3,971,152 (2022: £3,907,301)."

Who told you it had £60m tax losses???

That is only £4.2k

Hi Redmoor,

No I haven't, I just feel that after so long with his disappointments and how they now go into so much more detail to try and stop the concerns about Management payments, etc, that perhaps this is turning and he is unlikely to be stating timelines if he is not confident they will be met.

I do question their credibility, business acumen and communication with the market, but this year they do seem to be showing some green shoots that should allay those fears a little.

The proof is in the pudding and we have two and a half weeks until the end of Q1, so let's see the news that has been taking such a long time to come to fruition.

As other people have pointed out, Cobre sales now backstop the current SP and so this may be an opportunity to get in early before the newsflow turns positive on other projects. Or it could just be JP back to his old self....

Bridgedogg, they may have been a lot of things, but the facts are

1. Steve Xerri issued a TR1 stating he had 163m shares on 7th March.

2. The 63m trade was dated 8th March.

3. The 50m trade was dated 11th March.

4. Both are notifiable amounts.

Now to the conjecture, if they were all linked and an order was still being worked then I believe another holdings RNS isn't needed until all orders completed.

The coincidence with the 63m figure, would suggest it is possible Xerri is either moving funds around to other vehicles or is selling down his stake.

He could be just like a lot of traders here, in for a quick buck and had the contacts with Peterhouse to go in at the funding stage. 163m would have cost him £36k, the financial terms of the two tranches reported are £49k in total, with 50m shares left over?

Interesting times ahead...

Whatever, there are a few more TR1s due here...

I said that when it was 0.1p-0.11p on 5th March, it traded 0.03p on Friday, so I reckon my predictions and understanding of the situation are a lot better than yours....

"just think that was the entire issue a week or so ago in a single trade."

How many did Steve Xerri declare in his RNS?

Neil777, I made a good profit here back in Covid days when they placed at 0.4p and it went up over a penny (for those that don't realise the one for ten consolidation that would be 10p now), so not ever been a problem for me, I bought some more as it went down and got out at the equivalent now of 6-7p when they tried their first ridiculous mugging of shareholders, the CLN that was ramped by Zac Mir and the Sunday Roast, the prick from there bought loads, took over the telegram group and banned anyone from dissent and then sold all his shares for a huge loss, admitting he didn't realise how bad the CLN was and that Management misled him.... That was at the SP equivalent of 6p and they are still doing in now and yet holders still believe and traders like you still think you can get a trade in by punting some innocents in to the game... Let's be honest not even GD has won here his loan was converted at a much lower term than the recent one and the investors that bought that one out seem to be keen to sell their £150k ASAP and then take any profits from the residual few hundred million shares (Yes that is correct they will still hold hundreds of millions of shares after they have taken their money out because numpties were buying them at 0.1p then 0.075p and now 0.05p, when they bought at 0.022p). They are laughing all the way to the bank....

I think Bridge is looking at the chart from before the suspension (Oct 22) and hasn't worked out there are now 15 times more shares in issue than at that time...

Radika,

I know you haven't liked the message, but the message has been there and yet you chose to listen to the traders, who will tell you anything to try and pump the price up.

After suspension was lifted, LTHs should have sold out and treated it as a reprieve, since then the price has dropped 97.5%, because of the way Management have treated holders (this wasn't a new thing and it wasn't just me warning LTHs about it).

Hopefully you have done some research into RTO's and the value ascribed to the shell company (basically it's listing), I pointed out MUST holders are getting the equivalent of £1m for their main market listing in an RTO. Equating that to here would be about 0.1p a share, however you have to get someone interested in an RTO and new listings haven't really been happening these past couple of years due to the market (especially the LSE).

The only reason a company wants a listing is to use it to raise money, there lies the next problem having seen the 1 for 10 consolidation and now the issue of more than ten times the previous issued share issue (900m against 69m), you can appreciate how dilution works on legacy holders. An RTO will not be your answer, you may as well try and trade a bit to make a turn like the rest of them, but you should now write off your original investment (1.7p would value DKE at £16.5m), just as some have misrepresented the issue price to the new investors (clarified today in the RNS after several complaints about the first RNS and it's inaccuracies), they will try and tell you that you will be in for a share of the £30m they will need in valuation to RTO. DKE has nothing but the listing and therefore any company wanting to RTO into the DKE listing, will have to be valued at £30m, so the owners of that company will want an equal equity stake to their valuation against DKE's valuation, holders here will have about 1/30th of the equity, so for you to get your 1.7p average, that new entity would have to be valued at around £1/2bn at some point, not very likely, even in the long run.

Add to the above the whole reason for a listing is the ability to raise finance or for founders to sell a chunk of their company, there is likely more dilution to come.