Ouch wish I had t looked guess someone needs to click a button and turn it on nothing I can do now
Which would have softened the blow for long term investors
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Once the 4.8p placement is filled for retail buyer I believe it should start to go back up I’m hoping this is the start of something big just my opinion not advise.
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Agree sure we will be happy in a year or so just would have been slightly richer
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They say you only know how good your car insurance is when you have an accident perhaps you can only judge your share broker when a share is available on their system but you can’t trade it but everywhere else people can.
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Buy and sell button now available finally only 50 minutes late.
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Just reading up on the deal - overall seems they striked a good deal, but I am concerned with Newmont having such a large number of shares which they will no dount dump on the market at earliest opportunity.
I sold my GGP shares around 30p and now thinking it could be a good time to buy back in.
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I thought maybe they took a % of shares to push the deal through, but also agree that they will likely sell which will likely cause a big hit at some point.
I bought in a few weeks ago so have just been able to add. Will settle an find its stable price eventually
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After increasing my holdings at around the 5p mark I am now back to even with considerable more shares. Hopefully there are tonnes of gold in the ground in the mine.
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Also possible that Newmont will keep the shares to maintain a modicum of interest in the progress of GGP.
Not certain they’ll dump the shares at all.
But what do I know.
Good increase in sp today - hope it continues.
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More good news.
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Back to the pre takeover price. On we go
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What every investor had been waiting for (And Master Investor has been cautioning about) has finally arrived. Greatland Gold, a minnow listed in London – still only 5 years old – has acquired from mining major Newmont Corp total control one of the largest recent and best grade gold and copper finds in Australia, along with an already operating facility to treat its ore. Not only that, but it has become poised to reap £millions in income in only a few months time.
So why (as MI had predicted) has the share price gone all wrong. And why do we think it will stay wrong – for a time, anyway.
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One step closer to takeover. Telfer running for 14 days continuously, which was a stipulation in place (Newmont have been in control of thst) Dot the i’s an t’s left to do for completion early December. Hopefully start earning income off telfer 2025.
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All completed!
First gold bars poured at Telfer under Greatland ownership - another big step;
https://polaris.brighterir.com/public/greatland_gold/news/rns/story/ryn7p3w
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Love that they showed a picture of the gold bar! Nice visual for all the technical info around it.
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24:24 talks about GGP
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Fantastic summary of GGP.
To relist in Australia in the next 6 months. Expecting to quickly enter ASX300 and GDX index of large gold producers.
Telfer mine producing gold for the short term, thus funding the company for the next few years.
Havieron the second largest undeveloped gold deposit in Australia which should be producing mined gold in the next few years, 26/27, with the lowest cost per Oz.
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