Gippsland Share Discussion Threads

[shadowchaser] 17/10/2012 11:01

GIP-NOt so!
It seems local funding for AD, by egyptian four, imminent!

SC

[here and there] 16/10/2012 14:22

has been for years. not overly worried re. that TBH

expanding the tin operation will provide some nice income flows for some time. i suspect that they will find other sources of supply which will keep things ticking over.

i just think the whole thing is on the back burner for gandel. he has many fish to fry, he made a big effort a while ago to sort out financing etc. it didn't happen. he has hired someone to help find funding , he has set up an income source to keep things ticking over. he will raise funds as and when and hopefully one day AD might get developed

[joan of arc] 16/10/2012 13:38

However there is a big doubt as to whether they can continue as a going concern.

[here and there] 16/10/2012 11:56

No, they need to hold their cards to their chest whilst they haggle for financing/get partners in etc....

[joan of arc] 16/10/2012 11:50

I love the photo of our chairman in the annuak report. I'd hate to be on my own and meet him in a dark alley at night.

On a different theme. Anyone care to comment on this quote from the report :

"Information as to likely developments in the operations of the Company and the Group and the expected results of those
operations in future financial years has not been included in this report because, in the opinion of the Directors, it would
prejudice the interests of the Company and the Group."

Like are they about file for bankruptcy?

[joan of arc] 01/10/2012 23:18

Yeh, this has been a bloody disaster. It can't be far to the end now where it gets taken out for tuppence. Actually that would be really great if it was!!

[pallys] 01/10/2012 21:08

Lost 99% of my money in this so far. Wife gonna kill me.

[luckyjonah] 04/9/2012 08:32

Has anyone sold their shares since it left AIM? Cheapest/easiest way to do it?

[shadowchaser] 20/8/2012 16:28

Gip-Ni moi non plus!

-SC

[joan of arc] 13/8/2012 21:42

Do you think anyone in their right mind would pee any more of their money down this bottomless pit?

[pallys] 13/8/2012 14:07

Anyone taking up or refusing their rights?

echo echo echo

[oilchemist1] 10/8/2012 07:34

NON‐ RENOUNCEABLE RIGHTS ISSUE
TO RAISE $2.5 MILLION
The Directors of Gippsland Limited [ASX: GIP, FRA: GIX] ("Gippsland" or "the Company") announce a non‐renounceable rights issue to all shareholders on the basis of three new shares for every seven existing shares to raise approximately $2,507,000 before costs at an issue price of 0.6 cents per new share ("Rights Issue"). There is a minimum subscription under the Prospectus of $1,000,000. All directors intend to take up their pro rata rights in full.
The Rights Issue price represents a discount of approximately 39.7% to the 30 day volume weighted average of Gippsland shares traded on ASX.
A prospectus for the Rights Issue will follow this announcement and will be despatched to eligible shareholders following the Record Date on 14 August 2012.
After meeting the expenses of the Rights Issue, the funds raised from the Rights Issue will be applied to furthering the exploration effort in Eritrea, increasing the production capacity of the alluvial tin project in Egypt and for working capital.

[here and there] 09/7/2012 13:50

LOL

still holding, suffering and expecting much more dilution!!!!!

[shadowchaser] 09/7/2012 13:22

GIP-
The first few bags have been packed and despatched full of the tin deposits --and the first time Gip has mined ANYTHING ,as far as I'm aware
[Apart from PI's pockets!]

This staggering achievement in mining circles should not go without record on the ADVFN BB....

Three cheers for Mr.G ......Hip ,Hip ,Hurrah!!!!!!!

LOL!

[shadowchaser] 09/6/2012 15:23

GIP--Never ? ...NEVER??.. It's a brave person indeed that can be certain enough to use such a word in these strange days in which we live.....

Realism dictates that with the current political uncertainty in the Egytian area no -one will commit huge amounts of cash when property rights,agreements and even the basic rules of capitalism in the current form may not be respected by the future rulers.

Gandel is trying to stick to some sort of credible timetable
[Was Tantalum ever going to be mined before 2013 ?]merely to show he has his eye on the ball and in fact should be commended for this tactic.

In saying this ,these efforts may well come to nought and IMHO this remains a very high risk investment.

SC

[joan of arc] 07/6/2012 11:18

The share price is never going to recover. Even Gandel is getting desparate putting out his pathetic updates.

[shadowchaser] 06/6/2012 15:39

GIP--Alluvial tin separation
Revenue will be delayed for a few months as progess slows but,apparantly, everything is proceeding [at snail's pace ] and AMAZINGLY within budget projection ....

We live in hope!

-SC

[pallys] 18/4/2012 09:05

Got another letter from GIP. Because my holding has become so low they apparently are automatically going to sell all my holdings.

Unless I write back.

I was shocked they could even do such a thing, why should I be forced to write back saying I want to keep them? What if this letter from Australia got lost in the post?

Sheeesh the cheek of them.

[marksnsparkle] 15/3/2012 11:49

JOA ... see here ...

Completion of $2.44 million Rights Issue


Also Half Year Accounts have been released

[joan of arc] 15/3/2012 11:33

SC, where did you get that info?

[shadowchaser] 15/3/2012 10:25

GIP -4/5ths of the rights issue shares were taken up.
Under present market conditions ,this could be seen as a pretty good result.

-SC

[joan of arc] 08/3/2012 14:21

This is all a reaction to the rights issue. Give it a week or two and this will be back to 2c or more.

[shadowchaser] 08/3/2012 10:31

GIP WHEEEEEEE! ---- Down down deeper and down------


-SC