Supposedly to be listed on Monday next week but… Golden Globe Resources Ltd (GGR) had high hopes for its initial public offering (IPO), aiming to raise between $4 million and $6 million. However, as of 22 February 2024, the likelihood of the listing seems uncertain, with the company’s website offline, phone calls unanswered, and no ASX announcements in sight.

End of the Line?

The journey of GGR’s IPO has been marked by delays and extensions. Originally, the offer period commenced on 18 September 2023, with subsequent supplementary prospectuses filed on 21 September 2023 and 7 December 2023. Despite these efforts, the Company chose to extend the closing date for the offer until 12 February 2024.

The latest developments, however, raise concerns among prospective investors. With the closing date of the offer passed and no updates from the company, doubts loom over the completion of the IPO and the expected commencement of trading on the ASX, initially set for 26 February 2024.

Radio Silence, Website Down, Unanswered calls

Furthermore, attempts to reach out to the company for clarification have been met with silence. Phone calls to the provided contact number go unanswered, and the company’s website remains inaccessible, adding to the uncertainty surrounding GGR’s listing prospects.

The lack of communication from Golden Globe Resources Ltd is worrisome for investors who have expressed interest in participating in the IPO. Without clarity on the status of the offer and the company’s plans moving forward, investors are left in the dark regarding the fate of their applications and potential investments.

As a result, prospective investors are advised to exercise caution and carefully consider the risks associated with investing in GGR. With no updates forthcoming from the company and indications of operational issues, it may be prudent for investors to reassess their investment strategies and explore alternative opportunities in the market.

For more information or clarification, investors are encouraged to contact Terry Grace, the Company Secretary, via email at terry@goldengloberesources.com. However, given the current lack of responsiveness from the company, investors should approach with caution and seek independent financial advice before making any investment decisions.