Grand Grp Share Discussion Threads

[glenbo1] 13/7/2017 16:02

They have proven it.Look at the accounts....

[recordz] 13/7/2017 15:59

They need to prove they have £25m.

[scotty666] 13/7/2017 15:47

But I think it more likely they will delist and who knows what will happen then, just imo.

[apfindley] 13/7/2017 15:43

Yes But a cash pile of SEVEN times the market cap. They could buy all manner of mining companies with that £25mill.

[backtogo] 13/7/2017 15:38

LOL AT FINGERY AGAINborn loser

[festario] 13/7/2017 15:37

Pffft. Another SBLM, don't get sucked in.

[glenbo1] 13/7/2017 15:33

Once they release the fully audited accounts it will rise.The mms were struggling too for stock.Anyone who sold will regret it.Played like a fiddle...

[apfindley] 13/7/2017 15:30

And it's bouncing now. Rns paved the way for an unhindered rise.

[apfindley] 13/7/2017 15:29

Loading up heavily at under 8p now.....

[daicaprice] 13/7/2017 15:29

Back in @7.75p 15k.

DC

[backtogo] 13/7/2017 15:28

dear dear fingery, lol

[apfindley] 13/7/2017 15:27

Looking g at that rns They DO have plenty of cash, and have a plan to Invest it, hence they are not planning on returning that cash to shareholders as it is earmarked for investment. The talk of suspension is a compliance issue as they have a time period to make an investment. The secondary market listing is to allow you to continue to trade. The talk of delisting is agsin a compliance issue for a further 6months down the road. They should release more info on what they're targeting.

[daicaprice] 13/7/2017 15:23

Glad I took your advice apf, sold my 15k @11.5p cheers.

DC

[glenbo1] 13/7/2017 15:22

Exactly.I am buying more now.Smoke and mirrors.

[apfindley] 13/7/2017 15:20

There has been no news this calendar year apart from the 2016 accounts and report. So the drop on resuming trading in december and slow decline since then, is likely positions being exited due to it becoming a cash shell, and the low market cap. Also, many funds, pensions, and other investments which may have previously held positions here would have been forced to sell their holding to comply with their stated Investment strategy.

[daicaprice] 13/7/2017 15:18

Phew, that was close.

DC

[festario] 13/7/2017 15:17

I fell for one of these with SBLM, it was a con ultimately.

[glenbo1] 13/7/2017 15:13

It's a risk but a very calculated one and the accounts show the cash position very clearly...Everyone should try to contact the nomad for clarification.

[apfindley] 13/7/2017 14:50

"The company started 2017 with a virtually clean slate, having sold its investments. As of 2016 year end, proceeds from the sales of Victory and JXT investments have been coming in on time, and cash had grown to RMB 140.8 million. As of the end of April, funds continued to arrive on time and total (unaudited) cash was RMB 221.2 million - approximately GBP25 million. No new investments have yet been made with the proceeds."

[glenbo1] 13/7/2017 14:38

I would say 30 to 40p is achievable. It was 50p back in January. I cannot get through to the nomad.I also cannot understand like yourself why the mcap is so low ?

[apfindley] 13/7/2017 14:35

Yes I've read them How can the market let such a disconnect stand without raising the price. Liabilities are very smallCash pile looks goodI've done a quick conversion based on 1:12 for rembindi conversion as that's what the rare was last time I converted on another stock reporting in that currency. Certainly are good numbers if you just divide the cash and other numbers by 12.Ok I'm buying this afternoon, may as well ride with you for some clear cut profits. Target price?

[glenbo1] 13/7/2017 14:07

Apfindley.It is £25mI am trying to speak to the nomad myself as I am not keen on rumours but the accounts clearly state the cash position