Member Info for buffa

Be Contrarian, since joining ASX i have had many concerns over the trading patterns with GGP. Although I am not a day trader I have contact with others who are and the reaction is that daily spreads indicate computerised or 'bot' trading designed to corset the SP. All being equal with the GGP forecast the rapidly rising gold price vs lacklustre SP movement is 'mighty strange'. Finally, generally SP reflects future earnings/growth prospects. Hard to find any reputable analyst who thinks GGP does not have enormous growth prospects so was the 25% drop in SP after ASX listing warranted? Stranger Things!

A moment ago price of gold in AUD was $5216.

Tomorrow Bell just quoted 252.25 to buy. No problem at moment.

Drill results are 'market sensitive' and should be released as soon as known (correctly and fully analysed etc). Obvious reasons include danger of 'insider trading', leaks to market - usually seen as buying/selling by IIs - those closer to the Company and it's workers. Surely that is obvious? The other point i would make is this - lack of ANY news, particularly AFTER a major SP move (up or down), makes the market unsettled. Take today as just one example - GGP shares have traded (looks at live screen) between 230 and 245 - that's 6.5%!!

I think it was on the 7th August I posted my observations concerning the 'stealthy' orchestrated takeout of stop-losses, at that time, to 240. Yesterday and this morning those at 235 have been taken out and now my screen shows 232 being attacked - as a double check i was quoted 235 to buy by Bell a few moments ago. Some organisations, imo, continue to accumulate, aggressively shares from disillusioned PIs. I would expect continuing shenanigans until SD releases good news and/or the gold price rises substantially above $3500.

I have been, and remain, a strong buyer of both physical gold and gold miners going way back. If I ever need justification for my investment I simply glance at the monthly candle price chart for the metal from October 2023. Fwiw my price projection for end 2025 is between $4000 - 4500 (USD). As a future tier1 gold producer GGP ticks all the boxes for me but it's a pity that their ASX listing preceded their downgraded update and I have sympathy for those (I believe) many AIM investors who felt it necessary to sell after the massive drop in SP post-listing. I hope the BOD will take this hard lesson to heart which may be due to their rush to develop/explore/expand all at once - like a teenager in an adult environment. If my view of future gold price is realised GGPs prospects should dramatically improve- alas little consolation to those having been forced to sell.

Cheated - you make an unfavourable comparison between Hochschild and GGP by asking the question 'is GGP gold too expensive to dig out?' Based on the low grade ore from Telfer in last quarter at AISC of 1202USD vs the 2025 'Target' AISC at Hochschild of 1687USD. When Havieron comes on the AISC, at todays costs, should be materially lower.

SP on it's daily travels - been watching incremental step downs today to take out stop losses (generally PI's) gently at 250 then 245 now 240. Carefully orchestrated by seasoned professionals. Nothing unusual.

Hi Speedy. This week gold futures around $3,430 and banks short position verging on all-time highs - so despite all attempts spot gold holding firm. The question 'why GGP SP in doldrums?' brings home one of the earliest lessons I received years ago - based on the famous remark of John Maynard Keynes - 'The market can stay irrational longer than you can stay solvent'. PI's are generally looked upon as a nuisance by II's and I have been invested, over the years, in a number of promising Companies whose Share price suddenly dropped leading to one or both of two things - a sell off by PI's and a takeover offer (both benefitting II's particularly. I wonder how many PI's have sold out of GGP following the 'unusual' slump in SP?

Yesterday DPM closed, I believe, around 23.98 Canadian dollars (£2.08) so, atm offer would be worth around £3.01.

Macquarie are an asset management company worth, as listed, over A$900BN - hence a fine of A$5BN or so does not break them. In the UK our regulator would almost certainly have dealt more harshly with them than ASX - hence my expression that, imo, the ASX is like AIM on steroids.

I try not to post too often so please ignore this one by all means HOWEVER I posed several questions amongst my collaborators regarding the subject matter above and I was interested in their findings. What follows are salient snippets to help my understanding of very strange recent trading with this share recently. First the new Short trades on Greatland resources on ASX - 28 July (517,837), 29 July (1,094,314), 30 July (308,401), 31 July (984,473) - interesting and explains, to me, the reason (as I suspected) for the 'unusual' price action this week. Secondly Rick Rule describing GGP with the word 'rodeo'. Our view - given that RR chooses words with exquisite precision - is that investors (PIs) are being 'bucked off' of their holdings. No wossname Sherlock. Thirdly much has been made of Macquarie here recently. In May this year the Australian regulator took them to task after fining them a record A$4.995BN, in September 2024, 'for failing to prevent suspicious orders being placed...' The latest report goes on to mention 'suspicious trading activity...', '9 market conduct matters of concern in the last 18 months...', 'reporting breaches continued for a number of years without detection...', and so the lengthy report goes on. Conclusion - I now know a lot more about the ASX and view it as the AIM narket on steroids. We may have a wait before 'normal' service resumes - as it will imo.

Buybacks are one of my favourite topics - having continuously voted against BPs habit of allocating vast sums to this futile exercise with no benefit to their SP. My experience is that they're found most often within established companies with little growth prospects - often directors remuneration is based upon EPS which immediately increases with buybacks. GGP have funds for development to grow their resources and exploit them. They would not want to buyback shares since they would need to replace that cash with loans at interest. Also is the BoD bothered about the SP - of course not unless their remuneration was linked to SP. So their stance is Steady as she goes - carry on mining as they say. My one concern is that, in my experience, it would be normal for a Company of this size to issue a prompt statement that they know of no reason for the dramatic (and it is) fall in SP - unless there was a good reason! In which case we would expect to be notified. Silence is curious - and curiouser (as Alice might say) the longer we hear nothing.

I respect the right of anybody to post their views here and read yours with interest. There is one of your comments where my view somewhat differs to yours...when you say GGP..'is still at the mercy of the market' I assume you mean the various Stock Markets. My viewpoint is that we are governed by the physical gold market - after all that is GGPs primary business, where it makes its money which pays its workforce and develops the business going forward. The physical gold market is still robust, Central Banks are still the main buyers and Fiat currency in the West is steadily decreasing in value. I remain proud to align with Rick Rules expert opinion that GGP has great prospects. My main fear is that an early takeover attempt may take GGP into different ownership.

Intetesting times as they say! I have in recent times been involved in Companies on the verge of great things when opportunistic takeovers have snatched those businesses away from PIs - including ADT1 and DARK. So it was that my initial thought on seeing the initial 'unrealistic' drop in SP this week was that there was a mistake quickly followed by 'who is trying to takeover the Company?' I was waiting for the inevitable RNS of firstly a major increase in a particular stockholder which might lag by a few days. I admit I was tempted to buy more around 260 (ridiculously low imo) but held off since, again in my opinion, the SP was being 'strangely manipulated' on the ASX. Sure enough, overnight, ASX began with a further sharp fall - after a day where SP had been steady. I view the situation thus:- Is GGP a great Company going forward - Yes (for all the reasons that have been explored before). Any notifications of large holders (particularly IIs) reducing? - No, not so far! Have ASX IIs analysts recently examined GGP at first hand? And been impressed? - Yes to both. Is GGP out of cash ie 'distressed' - No, quite the opposite. There are many more metrics that I analysed but won't bore you with. My interim conclusions are that price manipulation is from ASX and is, to say the least, 'EXTREME', is this a concerted attempt to 'frighten the multitude of small PIs on AIM to sell and go away? Would I have expected Day to release a statement declaring no knowledge or reason for such a dramatic SP movement this week? - Yes (and lack of a statement I find curious!). To conclude I await further revelations (which I expect) and still sit and wait further buying opportunities. Interesting times as they say.

As Rick Rule likes to repeat an Investor is not someone who has problems holding stock over a long weekend. Now that this company is with the big boys on ASX expect to see them seek to manipulate price movements. This morning for example I have knowledge of a day trader who bought GGP at ca 250 (hardly believing his luck) and sold at 275 for a swift 10% profit. Others will trade this up and down today and further if the opportunities are still there. If you are frightened by a fall in SP into selling then you are not, imo, an investor in that Company. You are a speculator. Perhaps we should have separate chat rooms for true investors and another for speculators/traders. Both types are equally valid but you just have to decide which camp you belong to. I am happy to invest in a company that digs money out of the ground, is debt free, increasing cash, has obvious real cash prospects (gold) and we live in a western world where countries currencies are under the cosh through debt etc. As a final bolster I am happy to be invested in the Company that IIs bought into at A$6.60 (£3.22 today) having recently inspected Telfer/Havieron at first hand. My holding is not for sale but I am happy to increase my holding at prices below the Retail Book price.

I only ever report FACTS. On Monday if thete is an RNS declaring a positive, value-accretive, market announcement I, for one, will be pleased to declare that todays P&D had a good foundation rather than the opposite. To conclude I don't post meaningless statements but try to help those without the time or ability to steer clear of the many shysters who abound on AIM.

Peter, the 2 million sells went through the market in the space of 20 mins and netted a profit of some £56,000 for those in the know. Unfortunately it conversely led to a similar, or larger, loss to others. Hopefully these and similar comments might assist others to be mindful of p&d operations which abound on AIM.

Further to previous post have just been quoted by AJBell 2.12 to sell vs 2.37 to buy - very large spread.

As a lth I hope that my shares here will one day come 'good'. I admit my stake is modest. I always judge the health of share price movements, both up and down, by the actual trade volumes going through. Fwiw today's trades, imo, are telling me that smaller investors (small trades) are buying whereas larger holdings are being sold - the latter 'carefully' so as not to spook the market too much. I tend to agree with others who have queried WHY many large sales are going through today (in patterns) if there is any truth in positive rumours around deals etc. On the other hand IF there is any substance to these rumours, and no sign of an RNS, it again raises the question of market malpractice. I hope for eventual success for this Company but will continue to wait and see.