Incoming dilution

[Frolinde]

Hi All,

Very positive about the company. Longtime holder. However, the SP games that have been played and are currently being played do point at another dilution. Perhaps connected to the listing on ASX. Hopefully this will be a small offering after which the SP can return to more normal behaviour.

I will get some slack for mentioning the above, but I was right the last time and it seems the pattern is similar this time.

Cheers,

Frolinde.

[Irish24]

Shaun did say a small dilution was possible before ASX, but only small.

[hizer]

Shaun has already said he does not need or wish to raise money when we cross list on ASX, but he could not rule out a compliant raise if it is required by the Australian authorities.
If so, he thought it would not be any more than A$50 million which is quite small considering the size of Greatland now, but as there will be big demand for shares when this listing happens some people may think otherwise.

[Michael]

Agree with other responses. Shaun covered this during his interview with Samso and Liam. Go listen. GGP does not need to raise more monies. Latest broker notes also mention this.

[Gerryj0]

Hi there,

I was reading a book lately on trading, and it stated that a popular reason for a share going to a certain value comes down to the behaviour of others. In other words, if someone of importance, or a MM, states that they will give you or pay for a share at a certain silly price, then the rest will follow, at least for a while. Now, I'm no expert, but I kind of get what the guy in the book was saying. When SD said that there was going to be a placing at 4.8p, and that it was a discount to where the price should be, the markets didn't care about the discount comment, they only saw the 4.8p - resulting in a mad dash towards that price. This has happened on a number of occasions now with Greatland.

SD has told us that there may need to be a small token placement to appease the ASX, but they really don't want to do one. If this is true, and they are so sure about the investment case for Greatland, should it not be - with them being in a position of strength - that they can now reverse the strategy to date of carrying out the placement at a discount? Could they not do the required placement at a premium? They supposedly don't need to do the placement, so are they not in a position of strength?

Of course, this might be rubbish I’m really naive on this matter, so it would be good to hear people's thoughts on this matter. Can you tell I’m still smarting slightly from the last placement!

Thanks

[leslieby101]

Hi there,

I was reading a book lately on trading, and it stated that a popular reason for a share going to a certain value comes down to the behaviour of others. In other words, if someone of importance, or a MM, states that they will give you or pay for a share at a certain silly price, then the rest will follow, at least for a while. Now, I'm no expert, but I kind of get what the guy in the book was saying. When SD said that there was going to be a placing at 4.8p, and that it was a discount to where the price should be, the markets didn't care about the discount comment, they only saw the 4.8p - resulting in a mad dash towards that price. This has happened on a number of occasions now with Greatland.

SD has told us that there may need to be a small token placement to appease the ASX, but they really don't want to do one. If this is true, and they are so sure about the investment case for Greatland, should it not be - with them being in a position of strength - that they can now reverse the strategy to date of carrying out the placement at a discount? Could they not do the required placement at a premium? They supposedly don't need to do the placement, so are they not in a position of strength?

Of course, this might be rubbish I’m really naive on this matter, so it would be good to hear people's thoughts on this matter. Can you tell I’m still smarting slightly from the last placement!

Thanks

I think that's an entirely reasonable suggestion. There is much confidence about the company now and there will tangible and additionally qualified data released prior to the ASX listing. Why not eh?

[Gerryj0]

Yes, why not indeed. And it would a thank you to all of the LTH’s who have stuck with them through thick and thin.

[CanisLycaon]

I believe that another option, which I seem to remember Shaun Day mentioning last September, would be that, if necessary, it may be an opportunity for Newmont/Wyloo (option) to sell shares to satisfy any ASX requirement. I think that this would be permitted, despite the Newmont share holding lock-in, with the agreement of all parties.