Gma Resources Share Discussion Threads

[sideshowbull] 06/2/2013 16:24

KRMC floats 1 March bar problems

[andrbea] 06/2/2013 15:59

2 big unknowns remain for me

when does KRMC float (this year?)?
what will the float price be?

all that influences gma's 1:500 stake.

[loverat] 06/2/2013 15:53

I saw something like this about a year ago.Thought I would not see the like again.

Is there not such a thing as keeping an orderly market? Or is this market really a casino?

[miss anne thrope] 06/2/2013 15:48

Is it possible that so many shares were traded on the assumption that a 500:1 split meant that holders were about to become 500 times better off?
No,,,,,,,,,,,,,,,,

[topinfo] 06/2/2013 15:36

Not if you bought this am at highs, I bet they see it as very real. Ouuuch

[412069] 06/2/2013 15:32

Unreal watching this..

[topinfo] 06/2/2013 15:28

Take a look at NEOS now too. It could go a tad mad like this one did. See thread

[katsy] 06/2/2013 14:56

just confirmed, IG won't allow a short on this, shame, it's a sure thing!

[noirua] 06/2/2013 14:55

Who pays for the expensive Bankable feasibility study and other exploration costs?

[zangdook] 06/2/2013 14:55

Daytraders

huh? There are lots of idiots trading shares. That's one fact. I don't have an account which lets me short GMA. That's another fact. (I very rarely go short and don't usually want such an account - today was a rare exception.)

What's your point? Do you think not having some particular shorting facility arranged equates to stupidity?

Like I said, there are some real 'daytraders' around.

[topinfo] 06/2/2013 14:51

Guys take a look at AMP. Its all on AMP thread why its so undervalued.

[daytraders] 06/2/2013 14:39

zangdook, you said and i quote "I never realised there were so many numpties trading shares", then you go and say "I wish I had some way of shorting this." if you dont know how, maybe you should not be trading shares, now jog along please.

[zangdook] 06/2/2013 14:32

Just to make it clear. The company is not raising £40m in cash. It is paying for assets by issuing shares. The supposed value of those shares is £40m but the real value is for the market to determine. At the moment the market seems to think they're worth more like £400m. The market is wrong and will correct itself.

I have had no interest in GMA for a long time and no intention of taking one either.

I wish I had some way of shorting this.

[daytraders] 06/2/2013 14:28

I been confused since i seen the first buy yesterday at open at 0.1 even, let alone 900% more at open today, imo

[sideshowbull] 06/2/2013 14:25

As I see it:

KEM will raise £40m by 148,320,720 new shares = 26.96p per share.
GMA will receive 1,236,006 shares in KEM. @ 500 GMA becomes 1 KEM
So KEM @26.96p you need to divide by 500 to get a GMA value

--------------------------------------------------------

26.96p /500 =0.0539p

If KEM floats higher for whatever reason this could change

Please check my calcs
and DYOR

[cockney sparrow] 06/2/2013 14:19

ssb, I don't understand what they are saying so I can't do a calculation. All I can say is that I'm glad that I sold earlier today.

[sideshowbull] 06/2/2013 14:15

Beggars belief - they still keep buying gosh.

[shugmonkey] 06/2/2013 14:15

sideshow,
don't understand it enough to do my own.
Thanks

[sideshowbull] 06/2/2013 14:14

Yes 10x over valued to my calcs, anyone else wanna do a calc?
DYOR

[cockney sparrow] 06/2/2013 14:12

Shug thank you!

[cockney sparrow] 06/2/2013 14:11

Great what does it mean though?

[shugmonkey] 06/2/2013 14:11

Sideshow

"which = 0.053p GMA"

They are currently 0.5p, so 10x overvalued?

Confused, I am.