Member Info for Unimaginative

Are we ignoring the fact that any delays to hav were caused by newmont and newcrest benching it while they fannied about?

Too many. 13bn

Nova - I'm in the red, I've been here since February 2020, dabbled dabbled dabbled then went heavy at the wrong end of it. I hate the echo chamber, banned from everything because I called out Hydros lies and not politely, couldn't stand Liams cherry picking to suit an agenda, the same Liam who sold in haste and bought back worse off whereas if he'd waited he'd have done well but he loves his echo chamber and lapped up the lies of Hydro.

I don't disagree that retail get shafted but I see it differently, I think a company has to do what's in the interests of the company not the smaller shareholders, who would you rather please if you had a company, Forrester and his hundreds of millions or unimaginative with his life savings that wouldn't keep the lights on for the week. Retail should have exited at the high point of the exploration, we didn't, it's our fault (if you did scalp some then fair play, wish I had but was wrapped up in greed).

I don't think it's the doom and gloom you portray, I think that (as you say) is your frustration coming through, I've been there/still am at times.

@Aim

Agreed it was pumped ridiculously, one could call this the original meme share without the memes. It captivated everyone during COVID and then went to obscene heights, if only as it did the over exuberant nonsense had stopped many more wouldn't be left carrying the bag or doing as I did buying on the way down thinking he was getting a steal because it reached 37p and was now at 25p. Never been in a share with such a cult following before, it'll be the last.

But...

That doesn't detract from it still having bags of potential.

Maybe they should have bought 234% of Havieron + Telfer with haribo?

nova, it's a good entry at 4.8, it's not exactly rocket science. the only people that have been ****ed over by this are those that were in the red. i'm guessing you were one of them that's why you're antagonistic and bitter. i feel your pain.

Well I've gone for it. I opened a new ISA with AJBell to apply for roughly 30% of my holding in the placing so fingers crossed I get it all but I reckon it will be proportioned.

I've also been selling lots of little bits and bats in my main account and been buying today taking my average at the moment to below 17p for the first time since 2021.

Reset my expectations and strategy and I'll not be aiming for the stars. If money is needed with the newborn and I'm in profit I'll cash and rue the opportunity cost over the last 5 years but be thankful for the experience and lessons. If money is fine with maternity pay and I've all but forgotten what I've invested again then I'm in for another 5 years taking stock and re-evaluating at key junctions, first one being the ASX listing I think.

Good luck all.

Starbright/and others. I agree with the sentiment.

I do think peoples expectations of a company and board are a bit off to be honest. He's doing what is in the best interests of Greatland Gold and not what is in the best interests of Greatland Golds retail shareholders. I believe he has tried to balance the both with the retail offer but it's a fine line, make those investing a couple of hundred million happy or appease the thousands of little guys who each own a tiny chunk, it's a no brainer. Keeping Wyloo happy is more important than keeping you or I happy.

Spade did you even read my comment before posting? I've clearly stated it's a great deal. But dilution will hit us all differently for our own strategies. Someone with 20p average isn't going to be as excited as someone with a sub 10p average.

My initial excitement about the deal has somewhat subsided based on the realisation that getting in at the placing price almost 5 years ago was amazing but with small pots of money. I then got aboard the excitement and added more money than I ever should have at various points on the way down from 37p. My average isn’t amazing which then leaves me with concerns that with so many shares in issue it’s no longer going to be as easy to hit the average teen price I have. This deal is amazing if you’re getting in now or have a low average as it’s only upside. If you require a battle just to break even then your upside is nowhere near as good. Even if I took the placing at the amount I’m thinking it would have to be a 180% increase just to hit break even. The last thing I’d want is consolidation while in the red as that would be a disaster, this happened in a share I was trading and it went up 165% recently post consolidation and it didn’t even put a scratch on taking me back to black.

The only way I can do well now is buying, committing a huge amount of money I don’t have (baby on the way) to get the average ridiculously low so I can see upside.

In summary, the deal is fantastic for the company. The sheer volume of shares and dilution is a nightmare if you’re already in a place of red. The only solution is more investing which is adding risk to risk.

I’m going to increase my holding by 30% as it’s all I can afford which leaves me in a precarious position.

It is indeed

Pv72, allerton eh, did well to escape ha

@pv72 bd14 here

How do you think they should have funded it without dilution? Please enlighten me?

Bfdinvestor - 88p with 10bn shares would be a market cap of 8bn. North start have a market cap of 16bn don’t they?

I’ve heard 580k

Wonder what the reserves are valued at already at Tefler.

Matty - My experiences of consolidation have been atrocious, definitely have a fear of that but there are other options.

You think a few boards like this shift the price significantly, awww that's sweet.

I don't think it drops that much and if it does happy days I can get the shares in my ISA without using primarybid