Share Name Share Symbol Market Type Share ISIN Share Description
Global Resource LSE:GRIT London Ordinary Share GB00BCKFVJ45 ORD GBP0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 7.85p 7.20p 8.50p 7.85p 7.85p 7.85p 33,464 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 0.0 -1.9 -4.7 - 3.14

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Date Time Title Posts
04/10/201619:46Global Resources Investment Trust Plc "GRIT"112

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Global Resource Daily Update: Global Resource is listed in the General Financial sector of the London Stock Exchange with ticker GRIT. The last closing price for Global Resource was 7.85p.
Global Resource has a 4 week average price of 8.44p and a 12 week average price of 7.89p.
The 1 year high share price is 9.30p while the 1 year low share price is currently 1.75p.
There are currently 39,970,000 shares in issue and the average daily traded volume is 76,975 shares. The market capitalisation of Global Resource is £3,137,645.
spectoacc: They sound significantly more hopeful than when they signed up to the massive 2p dilution deal that later fell through. Not seeing much new or unexpected in it. "The ability of the Company to continue as a going concern is therefore dependent on the continued support of the CULS holders in not seeking immediate repayment which would result in a liquidation event" Slightly surprised they're quoting "3-4 months" to raise the relatively small amount remaining (post NuLegacy) to repay CULS - I've mentioned before how illiquid (in some cases unlisted) most of the holdings are but it's been a pretty decent market and the sooner repaid, the sooner the survival of the co is confirmed. That's probably the only surprise in the results - when I last spoke to the manager he said the CULS holders were being supportive "..So far", & I'd have thought getting shot of them ASAP would have been a priority. The obvious point being that it is a priority, but is maybe proving difficult. Still - more value left in the co if LIM remain patient. NAV of only 25.7p will surprise the rampers but as I've said before - it's IMO been highly dubious in the past and I've no particular reason to trust it now, as shown by this latest drop from c.32p to c.25p in what's been a stronger market. The share price reflects the risks for me & I'm happy to hold what I've got left, in the hope the CULS are soon repaid and eventually GRIT comes good when small-cap gold/miner liquidity returns. Hope that's well before the co's been bled dry in costs of course.
bozzy_s: Post 1 looks like good foresight. Seems this is a vehicle for raising funds for smallcap junior E&P companies. Someone was happy to sell today for 68% below the issue price, and over 50% below the supposed net asset value per GRIT share. Does this present a buying opportunity at about 50% discount to the market price for a portfolio of junior miners? Or does it highlight the desperate situation some of their portfolio companies are in?
whibbled: @ bageo ...............for info......... threadworm 10 Mar'14 - 19:59 - 6299 of 6305 (FTE bb) hxxp:// Forte Energy in share exchange with GRIT 10 March 2014 | 16:03pm - Forte Energy has entered into a share exchange agreement with Global Resources Investment Trust. Forte Energy says its board believes that this transaction with GRIT, a new company recently admitted to the main market of the London Stock Exchange, founded by a group of highly successful fund managers to focus exclusively on investing in the junior mining sector, will provide the company with an important new strategic investor and will support Forte Energy's investment policy to identify and develop uranium assets. At 4:03pm: [LON:FTE] Forte Energy NL share price was +0.03p at 0.43p
Global Resource share price data is direct from the London Stock Exchange
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