Tribe Technology set to deliver healthy pipeline of orders from Tier-One miners. Watch the video here.
I am presuming that Shaun is on some kind of domestic roadshow ahead of the ASX listing, and thats why he has to RNS the new slideshow ahead of potential investors seeing it.
Good that Ned is ahead of this - and the reverse July sales, with his buying. I am hoping that he hasnt finished and will get up to about 3% of his AUM.
The calvary of instos are lining up on the hill....
IMO!
HUM are in Mali. Nuff said.
Not sure why all this chat about other companies?
Johnpwh, there isnt a blanket exception for AIM shares as far as IHT is concerned. It affects very few companies and GGP isnt one of them. So it wont affect your IHT position - you will still have to pay it!
As far as change of control is concerned, my understanding is that there is a clause in the JV but it doesnt give GGP a right of first or last refusal over the % ownership of Havieron.
I suppose some people will always see the negative in every discussion, RNS or thought process. No acquisition has been announced and no dilution (or fund raising) is necessary before first ore.
Any acquisitions will be accretive as Shaun has explained before. I will judge his performance on the long term sp performance, not the size of the company.
Those who are long term substantial shareholders will no doubt be looking at the news in the mining sector and the performance of other companies. Whoever you listen to, whether its Eric Sprott, Steve Todoruk, The KE reports guests, Craig Hemke etc etc will know that the junior gold mining sector is still on its knees. When it turns (and it always does) it will move quickly and violently.
So we need patience and an understanding of what Shaun is trying to achieve. He mapped out his vision pretty clearly after the large placing and securing the bank debt last September. Everything he has done and said since all fits with this plan, as Paddy alluded to earlier today. This includes the ASX compliance listing and the TopCo. That some dont understand what this means is OK if you then go and research it and learn.
In five years time I am sure that we wont be on AIM, but will have moved to the main market, maybe soon after free cash flow?
Its probable that the majority of the volume will be on the ASX by then as it appears that London has given up its role as the home of mining finance. We certainly wont be 80/20 PI/Insto, hopefully the reverse.
In ten years there may not be a UK listing, in fact there may not be a GGP at all. But just about equally there may be a proper dual listed company worth £20bn+.
So far Shaun has laid out his plan and he has followed it up by actions that support his plan. As long as I like the plan and he does what he says, then he will have my support. We have a fascinating five months ahead with many catalysts for a major sp re-rate.
Freddie, depending on what you mean by ‘outcome’, I think I do.
Chuffchuff, there will be no forced sale, but just a name changes to (say) greatland resources.
A lot of you are worrying about things that aren’t happening. Schemes of arrangement are quite common and dropping a holding company over top isn’t unheard of either.
I do wonder why some are shareholders given you clearly don’t trust Shaun and Mark Barnaba.
This really is no big deal, just a simplification of administration, which will be followed by Aussie insto buying in significant quantity. Imo!
Kevin, we won’t be at the back end of the newsflow for many a year. There will be zero volume in Australia until a broker decides to buy many millions of shares in the UK, and sell them into the Australian quote, to a party who then trades them in Australia.
So there may be news released before the Australian market opens, but it won’t have any effect as there will be no volume. The RNS should then come in London before the mkt opens, but will be well understood and expected as will have been read via ASX.
As someone else mentioned it could be released here first, and given the liquidity, it would make sense to be here first. But either way, it will be released when the effective and liquid mkt is closed, as it should be.
Ben, this ‘deal’ as you call it, isn’t really a deal at all. Assets won’t change hands outside of the group. As a shareholder you will still be exposed to the assets that you own now.
And Freddie, I have absolutely no idea why you are a shareholder, such is your contempt for the company and its management.
IMO if anyone voted against the scheme and therefore the ASX listing, they should have their sanity questioned.
MH, I am pretty sure I heard that their expectations are for ‘multiples’ of the option price, not a few pence. From that I took it to be 30p+
That’s the price Bertie. I am sure if they had all been happy with half the amount, Shaun would have signed them up for that.
Excellent points Bamps.
So Bertie would you rather have Mark Barnaba on 750k pa than having a load of otm options?
SD wouldn’t and nor would I.
Bertie, why do you care what the Chairman is making? Concentrate on what it does for your investment instead.
Yesterdays comments suggest it was ‘bring your village idiot to work day’. So many factual errors…
Tel, I am firmly offered 3bn shares at 50p, maybe 45p. :-)
Afternoon TT. With Newmonts results due on that day, together with an unscheduled webcast and conference call from Newcrest, I wouldn’t be surprised if the deal isn’t announced on Thursday.
That would be a game changer if my hopes and expectations are realised post the deal.
Slug, I hope that you have completed your application for the Portuguese golden visa, cos I read over the weekend that they had closed it.
I like Rob. Talks in plain English and as you say, puts his money where his mouth is. Probably just a misspeak. Michelle did her best to correct him without embarrassing him. Him, Rock Rule, and Pierre are probably the best in NA.
Morning Spades. Its a bit of a worry that Rob cant do some basic maths (his initial silver projection basis the ratio). He is obviously a bit of a superstar in the mining space. I wonder what his skill set is? Not sure Rishi would be impressed with his maths.
Very sorry to hear your news Dip, my deepest sympathy. We will look after Ggp for you in your absence! Take care.
James, saying that 88p value with a consolidation isn’t much use to anyone if you don’t say what the consolidation rate is. But maybe your post is mainly malevolent rather than educational?