ASX listing How and What We Know where!!!

[Rotherby]

On the subject of the ASX, how does this process work. (This was raised by Michael on X today.)

What does happen? and do we need a few shares to get 'Greatland' away on initial trading, maybe well less than the 50 million AUD mentioned, we will by then just be Greatland, having dropped the gold.

I expect we will have had the Telfer update by the time of the prospectus, the First Quarters figures may come out after the prospectus allowing a small raise with the consolidation may really excite the Australian market, lots of publicity and limited shares, the initial offering to be price controlled in Australia, not sure this can be done.

Over subscripted in Australia would be a real turning point, thereafter the Aussie brokers will have to come to the UK market for the demand created and most of us are not ready to release our shares to the market.

Just my thoughts on the situation, very very happy to have others opinion on these events.

[strudel]

I reckon, if there's even a fraction of a pricing differential between London and Australia, there will be enough institutions willing to sell in Australia and buy in London - repeatedly. This does rely on adequate liquidity in both markets so won't be quite the same as used to happen with Shell shares in a previous era between the UK and Netherlands.

Who knows, perhaps Shaun has an "understanding" that Wyloo will exercise their warrants, cos they will (I imagine) be comfortably in the money by cross listing time, and sell a few in the Australian market to kick start liquidity?

It'll be curious to see what volume of shares are traded and on which market after things have settled down a few months into the new arrangements. As a UK based private investor I'll also be watching how any share price differences unfold in reality - the two share markets are never open simultaneously* - so one market may follow the other closely, react to news differently or behave on local sentiment only and drift apart a little.

*Please sanity check that I've read the timezone differences correctly?

[Rotherby]

There is only one bundle of shares, so different from companies with Dual listing where the shares are similar as in the case of Carnival Cruise Lines the US and UK are separate holdings.

I am not sure but the price should roll over between the markets, but I feel you must by some means provide the initial shares for the Australian market.
Alternatively London market makers will (miraculously) produce the required shares, in addition to any Australians that want to divest, but if they invested via the LSE they most likely will still want to hold once the ASX listing becomes live.

Opening times
No allowance for any change of clocks

The pre and post trading periods are covered on these links which are of interest in this situation.

https://www.asx.com.au/markets/market-r ... ding-hours

https://www.tradinghours.com/markets/lse#countdown

[Michael]

On the topic of ASX shares being available for trading (ie. liquidity on the ASX). We probably have 50% or more of the shares now owned by Aussie shareholders so that should provide some liquidity on the ASX, given these shareholders are awake when the ASX trades. I am sure Shaun's London roadshow to explain the process will provide more granular data. It sounds like they are in the midst of finalising all the necessary paperwork and agreements with the ASX itself, on what form the ASX listing will look like, as Shaun mentioned with Samso. We do not have to long to wait now as Shaun said the Aussie investors expect GGP to be listed as a condition of their investment. Listing by the June quarter means by 30th June to me. Exciting.

[Hydrogen]

Quite fascinating that Samso Interview on the ASX listing :

On a further equity raise when pushed Shaun Day states they are listing in the June quarter and are "waiting to find out IF the ASX will force them to raise a small amount on the ASX" to create a set amount of "ASX liquidity"...

Day categorically states, on record he has no need or desire to raise whatsoever and he "doesn't want or need to raise": if he can possibly avoid it as he "doesn't want any more dilution".


Day Also categorically states that "Telfer is a 20moz endowment"... Widely reported facts show that Telfer has produced some 15 moz SINCE 1975.

Therefore one can probably fairly safely assume/deduce - obviously documents to follow - Day is saying there is another approximately 4-5moz at Telfer still to produce AT TELFER. Plus 'at least 10moz at Havieron'.

I take great pleased hearing these little pointers and snippets from Shaun Day. We now all know he plays a dead straight bat.

Love it.

[Rotherby]

Yes very exciting

We do not have to long to wait now as Shaun said the Aussie investors expect GGP to be listed as a condition of their investment.

Consolidation at same time as listing should provide an interesting boost.

It could be that some of these Australian investors will release a number of shares to get the ball started, I doubt that will be happy with less that 10p/0.20$ equivalent per share, so the price they let them out to the Brokers in Sydney could be interesting.

It is June Quarter and I think I have seen 6-8 weeks from release of prospectus, so I suspect that we will be listed well before 30/6, so suspect in May.

On that basis I will try and organise a Meet in the Midlands late April/early May, with all that is bubbling we are in for interesting times.

Anyone interested in the meet, email me on ggpmidsmeets@gmail.com, previous ones have been very well attended, if you contacted me before and you have had a reply then I will contact you as soon as I know more.

[droverman]

When one receives an endowment, its value is what it is at that particular time, so for me if SD said 20 million oz then that's what it means.
When Telfer was 1st discovered, they said it was a 32 million oz deposit. If 15 million oz has been recovered we are not far from 20 million oz left. That's the endowment as i see it. SD has said many times Havieron is a 20 million oz deposit, so only 40 million oz to go, total LOM = 80 years at 500,000 oz of gold each year on average. Good for my great, great, great grandkids. DM

[Michael]

https://pubs.geoscienceworld.org/segweb ... edFrom=PDF

This starts with "The giant (>20 Moz) Telfer Au-Cu deposit..." so if we take 20mOz as the total endowment and subtract mining to date, Bamps on LSE suggests 5mOz at most may be available.

[Rotherby]

Interesting I read this on Money for mines

"Rio pressured to drop UK listing despite $715m separation cost"

So once dual listed I think it will be (lots of) years before any delisting in UK, although it may be cheaper for a dual listed company (I assume ROI is not cross listed)..

[Rotherby]

We are nearing the 20 cents threshold for the ASX

We do not need consolidation to enter, I am assuming that with the new of ASX listing, the Quarterly figures with a positive update on Telfer, we will be past the 20 Cents.

Shaun has said too many shares for the size of the company, I see a lot of chat about 1:10, 1:13 but we have still a lot of options still to come so I think 1:15 minimum but more likely 1:20, or more if the BOD consider in the region of a billion shares to many.

I also want the consolidation on the rise of share price that we/I expect on entry to the ASX when we should be in a rising market, not left in the future as we need all the administration to bring the new Greatland, Greatland Gold or Greatland Minerals in to existence what every the new format is, I still like Greatland Gold, as gold is our prime focus for the next few years we may change our focus over the years but we are a Gold mining company for the considerable *period of time.

* subject to that Eye watering amount of money a bid for Greatland would attract/need as SD says.