Share Name Share Symbol Market Type Share ISIN Share Description
GGG Resources LSE:GGG London Ordinary Share GB00B4KDJB03 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 25.875p 0.00p 0.00p - - - 0.00 05:00:10
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 0.0 -0.7 -0.0 - 43.03

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Date Time Title Posts
28/8/201406:52Greenland Minerals and Energy ltd109.00
24/3/201200:39GGG Resources. Gold Mining in Australia14,967.00
12/9/201100:29GGG ASX Worlds largest Jorc defined RareEarth resource1.00
27/2/201117:20Central China Goldfields, Copper / Gold in China (Moderated)11,657.00
20/10/201011:35Greenland Minerals and Energy Ltd43.00

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DateSubject
02/6/2011
01:07
7kiwi: Arb monitor: Current GGG Share Price (GBP)................... 0.260 Current GGG Share Price (AUS$).................. 0.400 Value of offer (7 GGG shares for 5 AZX)......... 2.803 Implied value of one AZX share (AUS$)........... 0.561 Current AZX value (AUS$)........................ 0.550 Premium/(Discount) of offer to current value.... 1.9% GBP:AUS$: 0.6494 AZX has fallen heavily so far tonight. And the actual value of GGG in Oz is 41c, not the 40c calculated from the UK price. So, the bid value is now at a premium to the AZX share price Interesting to see what happens later in the session.
29/5/2011
08:21
7kiwi: If I recall correctly, under Oz rules, once they get to a certain number of days before the bid timetable expires, the bid company has to announce the status of the "defeating conditions". As one of the conditions is 50.1%, then GGG would have had to announce the number of acceptances. But, they've extended the deadline, so they don't have to make this announcement. Given the current discount of the GGG offer to the AZX share price, then it is clear that very few people, if any, would have accepted the offer by now. Current GGG Share Price (GBP)................... 0.263 Current GGG Share Price (AUS$).................. 0.405 Value of offer (7 GGG shares for 5 AZX)......... 2.836 Implied value of one AZX share (AUS$)........... 0.567 Current AZX value (AUS$)........................ 0.645 Premium/(Discount) of offer to current value.... (12.1%) GBP:AUS$: 0.6479 I guess the GGG so is a bit depressed because the Oz placing shares have come to market so the gap may close. But on the face of it, this is looking like stalemate, and needs to be resolved.
20/5/2011
18:53
7kiwi: Arb monitor: Current GGG Share Price (GBP)................... 0.288 Current GGG Share Price (AUS$).................. 0.438 Value of offer (7 GGG shares for 5 AZX)......... 3.066 Implied value of one AZX share (AUS$)........... 0.613 Current AZX value (AUS$)........................ 0.650 Premium/(Discount) of offer to current value.... (5.7%) GBP:AUS$: 0.6564 Can't see many Australians accepting the offer if the AZX price remains at a premium to the offer.
18/5/2011
06:27
7kiwi: Tomorrow for Oz GGG listing. Arb monitor: Current GGG Share Price (GBP)................... 0.325 Current GGG Share Price (AUS$).................. 0.497 Value of offer (7 GGG shares for 5 AZX)......... 3.481 Implied value of one AZX share (AUS$)........... 0.696 Current AZX value (AUS$)........................ 0.660 Premium/(Discount) of offer to current value.... 5.5% GBP:AUS$: 0.6535
27/4/2011
06:04
7kiwi: Arbitrage is back: Current GGG Share Price (GBP)................... 0.360 Current GGG Share Price (AUS$).................. 0.549 Value of offer (7 GGG shares for 5 AZX)......... 3.841 Implied value of one AZX share (AUS$)........... 0.768 Current AZX value (AUS$)........................ 0.720 Premium/(Discount) of offer to current value.... 6.7% GBP:AUS$: 0.6561
15/4/2011
08:30
tonester30ccfc: Kiwi, I've looked at your arbitrage calculator and updated. Could you check my maths for me please. As I see it GGG is currently at a 6% discount to the AZX offer and on that basis alone is a buy. Incidentally, I've taken the mid-prices for both AZX and GGG and the market spot for the currency. Perhaps I should be a little more conservative and take the bid/offer positions: Current GGG Share Price (GBP)................... 0.318 Current GGG Share Price (AUS$).................. 0.494 Value of offer (7 GGG shares for 5 AZX)......... 3.460 Implied value of one AZX share (AUS$)........... 0.692 Current AZX value (AUS$)........................ 0.735 Premium/(Discount) of offer to current value.... (5.8%) GBP:AUS$: 0.6433
11/4/2011
06:13
7kiwi: Arbitrage gap closed: Current GGG Share Price (GBP)................... 0.325 Current GGG Share Price (AUS$).................. 0.504 Value of offer (7 GGG shares for 5 AZX)......... 3.525 Implied value of one AZX share (AUS$)........... 0.705 Current AZX value (AUS$)........................ 0.710 Premium/(Discount) of offer to current value.... (0.7%) GBP:AUS$: 0.6454
08/4/2011
06:12
7kiwi: Arbitrage monitor. GGG bid compared to AZX offer: Current GGG Share Price (GBP)................... 0.333 Current GGG Share Price (AUS$).................. 0.518 Value of offer (7 GGG shares for 5 AZX)......... 3.624 Implied value of one AZX share (AUS$)........... 0.725 Current AZX value (AUS$)........................ 0.690 Premium/(Discount) of offer to current value.... 5.0% GBP:AUS$: 0.6423
07/4/2011
06:21
7kiwi: Arbitrage gap is closing: Current GGG Share Price (GBP)................... 0.338 Current GGG Share Price (AUS$).................. 0.526 Value of offer (7 GGG shares for 5 AZX)......... 3.680 Implied value of one AZX share (AUS$)........... 0.736 Current AZX value (AUS$)........................ 0.670 Premium/(Discount) of offer to current value.... 9.8% GBP:AUS$: 0.642 Bear in mind the above is comparing GGG bid to AZX offer.
22/3/2011
10:28
7kiwi: I've also done a little model to track the value of the offer compared to the share price of AZX: Current GGG Share Price (GBP)................... 0.325 Current GGG Share Price (AUS$).................. 0.527 Value of offer (7 GGG shares for 5 AZX)......... 3.689 Implied value of one AZX share (AUS$)........... 0.738 Current AZX value (AUS$)........................ 0.680 (Discount)/Premium of offer to current value.... 8.50% GBP:AUS$: 0.6167
GGG Resources share price data is direct from the London Stock Exchange
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