The Relisting ~~~16 Aug 2024 06:57
I similarly share much of Timbo`s thoughts regarding relising and reasons surrounding an extended period of suspension :
I do not think we will have simple statement saying `Suspension lifted` and an RNS detailing the results .
There is far too much going on here that requires clarfication :
We should certainly have some detail about strategy , future plans and initial progress on the first of the new drills .
Then there is the Lithium issue ; Tom has stated that this is a reason for his current visit to Texas and will surely be near the top of the discussion priority with Global . Come early September they should have had time to work through their plans . Then there is the uncomfortable question of costs and funding which may be no problem for Global , but serious revenue for PPP is still some way off . I wonder if there will be a further fund raise to support the Lithium development .
I wouldn`t regard this as a negative , The share capital base might benefit by expansion , and I could see there being a queue of enthusiastic supporters wishing to get in at the early stages , There might even be some future off take arrangement . In this scenario I do not see a fund raising strategy as a negative , quite the reverse . I am sure it would be fully subscribed with conditions and restrictions arranged specifically to develop the lithium opportunity , There might even be some restructuring to separate the two operations ~ Two Companies .
Then there is the issue of the gas .........
ALL pure speculation on my part , but I am sure that the `Accounts Issue` is not the sole reason for an extended relisting delay . I`m also sure they will not wish to extend this delay any longer than necessary which is why I think early September will give them enough time to get their ducks lined up .
~~~ Just my own views , but , one other thing is absolutely certain :
VERY Exciting times lie ahead for investors in this business ~~~
VGLA ~ Investors .
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