If they don’t provide the new shares in ggp then I’ll be off too. I have far too many ggp shares on the platform and don’t want any issues when they list on the asx
If anyone does leave I would be cautious if thinking of T212 as a choice I have started an account there and buying aim shares like greatland isnt always instant like it is here and there can be long delays between order and execution.
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Good point. I never wpud consider 212 for a number of reasons. Reluctantly may go back to hl
I’ve just caught up after receiving an email to inform me about replies to the thread and I’m somewhat concerned. I have my entire life savings in this share and have been invested since 2020 and I’m currently down nearly £8,000 but I’m in for the long term.
If Freetrade won’t be hosting the new shares after the consolidation in June (Which I find hard to believe} then what would happen please? Would all of my shares in GGP be sold for what they’re worth at that time which would mean that I run the risk of losing approximately £8,000 or more because if that’s the case then I just can’t take the risk and would have explore other options.
Any help or advice on this would be greatly appreciated, thanks.
Don’t know anything about the new shares, but just want to say putting your life savings in any single stock is risky enough, putting them in a junior mining penny stock is a whole other level of riskiness. Junior miners go bust or get snapped up by bigger companies all the time.
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Hi agree with the above post it was ballsy putting so much money in to greatland hopefully you will see a profit in the not too distant future.
Don’t take this the wrong way but you have already lost the 8k you just haven’t crystalised the loss yet if in the worst case happened ( unlikely) and you had to be cashed out by freetrade you could transfer the money and buy new shares else where and be in a similar position.
Also looking back at the share price 2020 was when this was t at a very high price (before my entry) you picked a bad time to invest in what will hopefully be a very good long term holding.
My average is 20p and we’re just short of 16p now so no concerns here, I’ve always been in this for the long term.
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I bet you puckered a bit when it was in the 5p range.
I was surprisingly calm as I know the fundamentals inside out and knew how much Havieron would be worth in the long term.
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Good answer I agree with you. if I had been in your position I would certainly have felt puckering
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My average is 6p so I’m not too worried, but I’ve invested for the long term and believe the company has more to go? Any clarification on what will happen and if we get the option to buy if it’s passed at the next shareholder meeting ?
Back down into the 13’s. My average is 0.17. I’ll be happy to get my money back perhaps a little extra and then I’m out. It’s been a painful hold.
The share price will undoubtedly go through many ups and downs, as all do. The price of gold is a significant factor, and I believe will continue to be even if a peace settllement is reached in Ukraine.
What is of more immediate concern to me is how Freetrade are going to manage the transition from Greatland Gold to Greatland Resources post consolidation and listing on the ASX.
I’ve written to them asking for clarification, but so far only got a vague “we’ll be in touch if necessary” response which doesn’t reassure me.
So today I’ve written again asking for more clarification and reassurance, and will post any response I get on here.
PS Freetrade, as holders of the nominee account, will be the ones to get the documents being sent out today as part of the process. Whether we, as the beneficial owners of the shares, get to see it and then indeed vote on the proposals, is another issue.
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Thanks for that, I’ve read today in a company release that 20 GGP shares will be worth 1 GRL share.
I wonder how this will really effect the value even though GGP are saying there should be no loss in share price at the time of swap over ?
I’ve added the link for anyone interested Shareholder Meetings — Greatland Gold (LSE:GGP)
Hoping that in line with ASX listing it will only be going one way
So 100 shares at £1 with a 20:1 consolidation as per GGP will mean you have 5 shares worth each about £20.
In other words, apart from normal share price movement up and down, the total value of your investment will be the same as now.
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Are we confirmed to have our newly consolidated shares in the newly formed company?
Also in theory, Freetrade customer support probably won’t tell us anything cause in theory it’s financial advice. Them telling us that greatland resources is staying on Freetrade is financial advice..
Exactly the same with me, they didn’t give a clear response just that their keeping eye on situation. They have just released a massive document on what’s actually happening. It’s being taken off AIM 19th June then reinlisted on aim as greatland resources 23rd June. It’s all a bit confusing. It should stay on Freetrade, I think we are overthinking it all a bit. If it’s on the uk market still, it will remain here too.
My highest percentage of holdings in the mining sector is in greatland, it’s got so much upside potential. And a very promising future. It should stay on here.
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