GGPChat

I definitely don't recall Shaun stating that listing was delayed due to ASX requiring a raise, more so the decision to divest both assets by Newmont seemed to help be a factor in delaying the listing IMO.

You can check the regs and process in the links in my previous post for cross and dual listing on ASX.

I think SD said within six months.

Shinybits wrote: ↑Wed Sep 18, 2024 9:38 am Forgive me if I’ve missed this somewhere but have we been told roughly when this is expected to list on ASX???

Fwiw my recollection of what Shaun has said in the past regarding consolidation is that yes he believes we have too many shares in circulation but ideally a consolidation would take place into a rising SP (which we certainly don’t have yet) and I think he was inferring that it would coincide with entry onto the ASX.
I wasn’t happy with the dilution offer of 4.8p but I see a CEO hellbent on creating shareholder value by replicating (if not outperforming) what Northern Star achieved. You have to admit Shaun has always faced PI’s head on and yet again within a fortnight of this huge announcement he is flying to London to answer whatever PI’s throw at him. Why bother, if it is just the II’s he views as important, or Wyloo, or the Banks for that matter?
I for one am prepared to give him the benefit of the doubt that in order to negotiate the world class deal that he just has for GGP, he had to include an equity raise element to it. Thereafter, PI shareholders will benefit from his accretive actions as much as II’s - AIMHO!!! VGLA!!!

Exactly as i said in the other thread Redirons people need to give their daft heads a wobble FFS.

This deal is nothing short of phenomenal.. I bet he cant wait to get on stage and thrash it out with PIs

Am l correct in thinking that a minimum share price of circa 10/12p is a mandatory requirement for GGP to be admitted to the ASX market should a cross listing occur?

I was pretty sure that was the case too, unless anyone else remembers otherwise. I predict once we start compiling that bottom line (£$) from the telfer stockpile into regular RNS's, the market will awake to the company profile and SP re evaluate accordingly, heading into ASX listing - 6 months a nice marker from SD. We've been a non cash flow securing entity for a long time. Market will respond once we see some cash flow I'm sure.

When the takeover of Telfer and the other 70% of Havieron (GGP then 100%) is complete and Newmont get their 20.4% of Greatland gold shares there will be just over 13 billion in issue.
Shaun previously intimated that a share consolidation may happen at some time in the future to reduce the number of shares in issue.
If this is the case, it may happen at the same time as the ASX cross listing, and may be something like 1 share for 10 shares which would mean 10 times less shares in issue at 10 times the price, so the share price would be nearer or over £1.00.
A person having 100,000 shares would then have 10,000 but at 10 times the price.
This would also do away with having to consider the stipulated share price listing minimum of A$0.12 cents on the ASX, if it is that amount.
I know there can be exceptions to that rule but it would not then have to be taken into consideration.

I think an ASX listing might actually be A$0.20 cents minimum, if it was applicable, and not A$12 cents which I put in my post.