RE: Why sell now if you don’t need to?18 Oct 2025 06:56
I know of people taking profits at the moment to buy a new car, house etc and good luck to them they’ve earned it after such a long journey.
I’m not proposing anyone should follow any investment opinion I have but why am I still saying it’s a strong buy.
There are 2 reasons:- the assets, institutions buying in.
These Institutions are not buying in to make small amounts they can see bigger profits ahead and future dividends. My own experience of this was researching BHP some years ago, I could see growth in its assets and they we’re paying 3% divi, I paid £9 for those. Even after demerging S32 and their oil assets they are still paying good dividends and around £20, it’s been good. Same for Severn Trent I paid £7 and Croda £1.40.
That’s why I think £4 is cheap for Ggp its assets are very strong for a growth company but still in its infancy.
Havieron of course is the main growth driver, as the figures here are only for a starter mine 8-10% of the orebody.
Telfer at these prices just amazes me at what is happening. Maybe another post for this.
O’Callaghans is renowned for its tungsten globally. The situation with it is the cost for the infrastructure which will be high. The government want to change company tax to a 5% levy on FCF but capital expenditure can be deductible, this may supercharge O’Callaghans . The metal prices are also relevant with tungsten concentrate prices doubling in the last 3 months.
Ernest Giles assets are immense, if they can find a source it could change the company . Other greenstone belts in these goldfields have all made big companies who have explored there.
All in all I’m not bothered about shorters or institutional shenanigans there’s only one way Ggp is going.
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