Australian (ASX) Stock Market Forum

GPN - Greater Pacific Gold

Caliente said:
GPN legging up prior to the YRR ipo one would think, or is this still related to Peak Hill?

I would say it was people looking for a back entry prior to the listing of yrr, will be interesting to see what happens tomorrow.
 
the barry said:
I would say it was people looking for a back entry prior to the listing of yrr, will be interesting to see what happens tomorrow.

Any idea what's the reasonable sp value for GPN before it becomes too expensive? Been watching the movements these couple of weeks and found it quite interesting.
 
Jus said:
Any idea what's the reasonable sp value for GDN before it becomes too expensive? Been watching the movements these couple of weeks and found it quite interesting.

It is very hard to say what reasonable value for this stock is, although it won't be long till we know what that is. There are two major variables which will affect what reasonable value is.

1. Yrr spin off. At present gpn owns 70 percent of yrr, which means that only 30 percent will be traded on the open market. It was stated that the float for yrr was oversubscribed (by 4 times apparently, not sure on this though), which means there will be a lot of interest for a relativly small parcel of shares.

and

2. Drill results for their gold essay. There was an initial report which seemed positive for mind this week and further results should be out soon.

They are both major variables, but both have the potential obviously to move the share price significantly up or down. So to determine fair value for the share price at the moment is impossible.
 
Jus said:
Thanks for the above info. cheers mate.

Hey, just to let you know yrr will float on monday. Will be a good indication to the markets sentiment on this stock late in the day. Should be one to watch.
 
the barry said:
Hey, just to let you know yrr will float on monday. Will be a good indication to the markets sentiment on this stock late in the day. Should be one to watch.
Hey Barry, where did you heard about yrr listing monday please?
 
Its in the YRR prospectus and on the ASX website.

Monday should be a good day for GPN if the YRR float opens well.
 
the barry said:
Hey, just to let you know yrr will float on monday. Will be a good indication to the markets sentiment on this stock late in the day. Should be one to watch.

JimBob said:
Its in the YRR prospectus and on the ASX website.

Monday should be a good day for GPN if the YRR float opens well.

The dates in the prospectus and at ASX are only indicative dates at this stage and are still subject to change. When the date is confirmed the ASX site will quote a time as well as a date.

The company has to lodge a number of documents and complete a number admission procedures prior to listing. This has not been completed as yet and so will not be listing on Monday.
 
dubiousinfo said:
The dates in the prospectus and at ASX are only indicative dates at this stage and are still subject to change. When the date is confirmed the ASX site will quote a time as well as a date.

The company has to lodge a number of documents and complete a number admission procedures prior to listing. This has not been completed as yet and so will not be listing on Monday.

I have searched the websites and can't find anything that states that it won't be listing on monday. Also, i called my broker and he still thinks that it will be listing monday. Has anyone got any definate proof either way???
 
dubiousinfo said:
The dates in the prospectus and at ASX are only indicative dates at this stage and are still subject to change. When the date is confirmed the ASX site will quote a time as well as a date.

The company has to lodge a number of documents and complete a number admission procedures prior to listing. This has not been completed as yet and so will not be listing on Monday.

the barry said:
I have searched the websites and can't find anything that states that it won't be listing on monday. Also, i called my broker and he still thinks that it will be listing monday. Has anyone got any definate proof either way???

If you check any of the recent listings you will see that in the days just before listing, they have made a number of announcements (Check BWN as an example, it listed yesterday). These announcements are compulsory and YRR can not list until this and other requirements are met.
 
Listing today ???

If you check any of the recent listings you will see that in the days just before listing, they have made a number of announcements (Check BWN as an example, it listed yesterday). These announcements are compulsory and YRR can not list until this and other requirements are met.

Also you would expect the code YRR to come "live" on both the trading platform and ASX websites, neither of which have happened.

Probably not today ... b*gger.
 
Brissydave said:
Listing today ???



Also you would expect the code YRR to come "live" on both the trading platform and ASX websites, neither of which have happened.

Probably not today ... b*gger.

There was a quote on another board stating that yrr will list at 10:00 am wednesday morning.
 
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