Member Info for buffa

Hi Stinky, in June prior to joining ASX we were trading ca 18p (eg 9 June high of 18p,closed at 17.50) ie 350-360 ASX which is about where we are now. In addition Gold price then was £3446.9 high, closing at £3432.50 - Gold today is roughly £4000 so although GGP main commodity is approx +15% the SP from June hasn't budged. If you then understand the increased subsequent potential of Greatland, since ASX - I think BAMPS has reported that on many occasions - it begs the question why GGP has not progressed in SO terms since just prior to ASX listing. Renember that the ASX bookbuild at 316 was offered at a discount to the previous AIM price in order to 'get the listing away' as they say. In the grand scheme of things I think that GGP/GR will really blossom once it starts paying dividends - certainly by the end of this decade once the market starts receiving payback. As a LTH I patiently await that day.

...because I'm sure many will be upset ar my views today BUT...Like many posters here I am a LTH who 'grew up' with SD over the years on AIM and appreciated his e oertise in developing GGP from almost nothing to the nascent behemoth od today. HOWEVER we are now on ASX with a more critical audience who needs to be inspired at the magnitude of GR in a fiat currency collapsing world reverting,day by day, towards a gold bavked system of international trade and Central Bank Gokd Reserve accymulation. Given all the foregoing was I indpired by SD's delivery on the webcast? Too many ers and umns throughout, voice too flat, reminiscenr of AI generated speech. At an early stage in my career I was taught, when addressinf an audience, the 3-stage rule - (1) Tell them the key (outstanding, takeaway) elements briefly AND with ENTHUSIASM then (2) Tell the detailed story...again highlighting those outstanding elements ENTHUSIASTICALLY then (3) A rousing brief conclusion re-emphasising those AMAZING takeaway elements from Stage 1. I woyld prefer to let SD get on with his day job at which he is remarkably good and employ a Presenter who is good at his job. Telfer, on its own, is now a remarkable success before mention of the growing 'reserve' asset of Havieron and the drilling results, mine life extension, low AISC, brillant recovery figures, nil debt position, ever-increasing cash reserves etc etc etc - you get my drift - IF that message was conveyed EFFECTIVELY to the newbie Ozzy audience then I would expect the SP to increase as we all believe it should. Sorry but had to get that off my chest as furious listening to the lacklustre delivery from the webcast.

I noticed a few moments agi the convergence of the 20,50 and 100 day MAs on IG index for GGP. My trader friends tell me that this often signifies an impending forceful breakout or breakdown in SP. We'll see with Halloween fast approaching (among other events).

Janiax, if you assume £1 per share then MCap would be, as things stand, £3.02bn. For comparison GGP current MCap is £2.51bn.

One of my go to sources for all things gold/silver - this current youtube video has some startling update on Chinese gold reserves. https://youtu.be/TKYcfb9QQiM?si=MaOHbXM6jHBODq7u

Rotherby, I've invested in miners for a long time but this transition was concerning to me initially due to the small allocation allowed for II subscription. As you know this was heavily oversubscribed by 'knowledgeable' IIs. If we assume that IIs are not stupid then I fail to attribute the swift, post-ASX listing to them selling. Generally PIs are taken out with stop-losses and personal financial limits. I also previously posted my surprise that SD did not counteract the abrupt and steep SP decline with a 'normal practice' RNS stating 'no reason for such a market move'. As a future tier1 producer today's SP is peanuts and I expect to be invested for years ahead. Next production update will be interesting.

Doubt GGP would want such a move for several reasons. Main listing incurs several million, involves large amount of management time together with legal expertise and why join a market which is underperformed and losing Companies to primarily private equity and USA. Move to ASX was partly to raise liquidity ie Institutional Investment in a 'mining friendly' aka knowledgeable environment. Last time I checked around 50% was held by IIs but that is a constantly changing, increasing, figure as PIs lose patience and sell.

At the end of July billionaire investment advisor Ray Dalio advised an investment of 15% into gold and crypto. This is based on growing distrust in fiat currency. Meanwhile the rising gold price is confounding forecasters - even while the Chinese are on holiday from today for a week or so.

Confirm with AJBELL have placed my allocation into account this morning - exactly same % as you. Will buy more on any weakness.

Hi Prof, the RNS dated 23 September at 0700 states 'The corporate presentation includes revised forward guidance on the Company's expected revenue:' That is the reason the SP tanked on the day. Now I just hope that I receive my full RB application - but I also hope the Company checks the wording of any future RNS so they don't spook the market.

I'm sure I was just one of many investors who contacted the company asking why they issued a profit downgrade (which they did) immediately following the retail book offer. Standard procedure before escalating to FCA. Happy they've issued clarification but they knew market reaction and should have corrected sooner to prevent many investors selling out.

Hi Comek2, saw exactly this hapoen to GGP recently when listed on ASX with a small allocation of shares whilst vast majority still listed on AIM. Vastly oversubscribed only to be followed by a quick profit downgrade RNS which tanked the SP by 25%. This allowed IIs in Australia (and elsewhere) to hoover up shares on the cheap so that the SP os now fully recovered and then some. Caveat Emptor.

Hi Orchard, I also follow Clive Thompson among others. We've seen effect of ASX index inclusion today but Clives expectation that Greatland will probably be added to GDX by December time opens GR up to a very much wider audience. Exciting times ahead.

First few minutes, as you would expect, SP very volatile. At moment around 310 but would expect higher later.

6.35 on a buy with AJB a moment ago.

I have posted my own views from when the ASX first dropped the SP that the trading patterns made no sense UNLESS the SO was being manipulated. Friends who day trader US stocks only looked at those movements and their virw was the same that BIG players were using algorithm day trading to manipulate the SP - certainly not the majority individual UK SHs. Was it a coincidence that shenanigans began when ASX got involved and would-be large investors were only allocated a small percentage of stock? Meanwhile, like many others, I took advantage of increasing my holding at prices so low it was impossible to resist.

AJBell have just quoted 5.28 on my buy order.

That was the IG figure at 0800/0801. A JBell unable to quote for a buy atm but will take stock at 4.90.

Opened at 4.15/4.16 steady at moment.

A$ price 5392 as I type this. If this range is maintained massive upside to miners valuations.