Member Info for Chuffchuff

Thanks Dip. Yes, I like you promoted GGP with close friends and family whilst always offering the usual DYOR! I hope those lth's with higher averages at least see their money back plus a bit more. Many will have gone overweight here just to mitigate. Anyway there are no more truly negative hurdles to clear so it very much about how the company is steered. I'm really hoping Telfer is through the problems and we have a clear run where profit-driven progress starts to be reflected in the price. It would be cracking if we get some tasty drill results from other tenements in the meantime!

I'm wit y on that reappraisal/assessment timeframe Dip. Also when people evaluate a share in relation to "break even" price this is not really a reflection of profit/loss. My paper break even hapoens to be very close to the current SP at 7.2, but the reality is that price inflation is up over 30% in those four years or so therefore my real break even I consider to be 9.5 or so. This will have to come some in the next 12 months or so. But I will be hanging in there to find out.

It may not be raining but I think there's been a lot of pouring 🥃

I can undestrand the frustrations. It's not a contradiction to think that SD and the team have done a amazing job to pull this off whilst still feeling aggrieved about the SP not exactly racing off. I know there are many like me who first bought in not far off the peak. At the time I think it was realistic to envisage 3 years or so to see decent returns and potentially walk away much richer. We all know what's happened since, a lot of it outside GGP's hands. It does take a big mind shift to see the positives within the time frame now presented. I accept that for some of us (including me), what is a fantastic achievement going forward, has battered many of us over those 3 or 4 years and I feel even more sorry for those who've not been able to average down to today's SP. I had a lot of disquiet over the leak that happened re the raise and then retail offer in my view not giving enough time for PI's to grab some funds and get in. Needs must I suppose. Some will be excited for another 3 or 4 year journey and perhaps even a longer one if their kids ir grandkids are in their planning. For me I am waiting on the the things Dip referred to. I don't think it unreasonable that as we were kept on the journey with declarations about the expedited revised route for the decline etc,when it was known nothing was happening soon, that we PI's deserve some reward before Hav comes fully on stream. Will Telfer grab sentiment in the way Hav would over the short term? Debatable. It is a case of watching and listening carefully now. 6-9 months to see if things take off for me. I wish everyone luck whether here for one more year or ten.

I think Zak Mir mentioned 0.45 as a possibility. Be good to get there before farm in

I think there were two camps on the price speculation around double digits or just a small rise. I wasn't expecting much personally but whether there's a small push up on the 4th time will tell. Well done GGP. I'll be waiting on the updated resource figures and market reaction to truly evaluate where we're at. In the meantime let's hope for a smooth running Telfer and some highly positive updates from SD to keep sentiment here ticking onwards. Those who kept faith should no longer need to chase the can being kicked down the road. It's our time now

SS. Apologies for calling you DrunkenSailor earlier. That was a genuine sp error. Nevertheless, I understand you having issue withtrolls. My issue with some of MH01's post are really well documented here, but for the same reason I dint understand yours. You started a thread about GGP potentially taking over a dog 🐕 f a mine and yet you state clearly you won't invest in them and yet you want answers. It doesn't make sense. After the recent SP increase the trolling/negativity on this board had greatly diminished but please be aware there are probably a great many invested in both companies here. Personally I think both will make us money. Antagonistic threads either way serve zero purpose in my view which is why I took on MH01 previously because he hated the same on GGP. I'm not going to br hypocritical and say different in this case. At least you aren't doing it in the GGP board but you seem to be picking a fight when you have no invested interest in GGP and it is going to lose a lot of audience who are invested in both. Grow up everyone please.

I can't believe you're not reading some of the more intelligent posts on the GGP board Drunken Sailor? You say Telfer is a dog of a mine but are you saying you are unaware of how a smaller streamlined outfit like GGP can come in and identify additional resource? There is speculation that additional drilling can keep Telfer going for many years beyond Havieron is in ramping up to peak production. Speaking of Hav I personally think the so-called problems with mining have been overblown. We have got this far down the decline with someone else footing the vast majority of the bill. Newcrest, both at Telfer and Havieron were neglectful in certain aspects. Newmont have straightened out many of these issues at significant expense. I personally think a lot was stalled on dealing with the lower confined aquifer because a change of hands was already on the cards. GGP have put out their timescales regarding the path to production there, all the time utilising income from Telfer. There is a lot to suggest that other tenements whether owned by GGP or not are likely to use the Telfer processing and infrastructure for years to come. There's plenty of interviews out there to watch straight from Shaun Day's mouth. He's already been involved with Northern Star with a track record of squeezing a hell of a lot more out of these old 'dog' mines. I'm not one to deal with your M-cap questions but in reality I believe the answers to all your questions are within your ability to access freely with research. Now as Leew and others have said, I hope both companies do well. Both have potentially transformational events over the next fortnight or so. The vast bulk of my funds are with GGP as I still contend there is less adverse risk. GBP on the other hand holds a huge upside as an early stage investment but time will tell. I hope I will see good or even fantastic profit in both. But from what you say GGP is not for you and I think it should simply be left there.

That was meant to read "you mention the Lassonde curve Bamps". Bl*#dy phone

You meant the Lassonde curve Amps. I never new about it when I first bought this share right after the peak a few years back (fortunately I've averaged down). But with that experience I would argue it is possible to still get in to some of those other shares at the start of the first climbing bringing the knowledge we do now. Without reopening the GBP debate again I don't know if Lassonde relates to it in totality given the oil venture. Regardless I hear your caution and have protected my own investment. I would only say that had all of us heeded early advice to avoid (including I dare say many silent ones invested in both shares) we would not have returned the 300/400% profit that has been possible. The key is when to get out in my view. Never timed perfectly but it is doable.

Gold*! 🙄

I don't think GGP is remotely over valued. It has gold stockpile at Telfer and glod in he ground at both Telfer and Havieron along with other exploration tenements. This is a different beast with as yet unproven assets (hence the price), but if course confirmation of a farm in changes a lot. I have a much bigger stake in GGP but consider it now largely derisked. Less in here with higher risk but a big upside. I think both can do well.

Well said TT. I think most from the GGP experience know juno is by no means a shoe-in. It's highly speculative. What has taken the price up further however is the possible farm-in on the Namibia oil field. This could return a significant amount to the company and derisk an awful lot. I would rather we didn't detract from either company on either board tbh. Unfortunately some have used it to antagonise and run down the stock even whilst observing the 350%+ profits others have made. My stake is secure there whether people get played or not. On the other hand there is still a chance of huge gain. I don't think people necessarily look at at the bigger picture and whether those invested have done so as a small sum punt, or done as I did and took my stake and left the rest on a free journey

Almost certainly the £39.43 buy at 10.09 I would think

I've learnt to manage my expectations with this share. Getting the keys to Telfer is 95% there so I don't see what hasn't been priced in already in terms if the markets. I do anticipate some uplift just because of the super cautious waiting on confirmation. I hope Redirons is right but I'm not anticipating double digits, more like 8.5/9. For me I hope the resource upgrades in fairly short order will be the main catalysts where I hope for 10+ and if we get to double our current SP by ASX then my minimum hopes will have been achieved. I would love to see this out to Hav production and my only regret is that may not be possible for me unless other ducks fall in line, although that remains possible. Certainly when it comes to needing to cash in part of my portfolio GGP will be the last to be sold unless I've read everything wrong and we multi-bag much sooner.

Did you look in yesterday morning as well when it was 0.165? Just wow

I may take more when other funds I've sold have settled

I'm in today with a very small speculative stake

If he didn't get in earlier and make 350% profit like those of us who had looked beyond simply the gold exploration, then he certainly won't now. He had questions then and has them now. Even if it 4 or 5 bags from here there will still be questions and reasons not to invest. The highest gains comes off the highest risk, albeit mitigated with a bit of self-research. Someone who constantly asks questions about sailing times that never quite suit them will eventually be left watching from the dock when the last ship sails.

Having been lucky enough to have initially bought at 0.08 and having been advised what a huge risk it was I could t be happier at the moment. I'm sure there will be a bit of volatility but hopefully the deal is signed off in a couple of weeks. That should bring funds back in to GBP (although we may have a new name by then). The time NG couldn't be better as it puts a strong financial base in place for Juno drilling while the risk and expense for Namibian oil is almost entirely born by our farm in partner. Who knows whether things may suddenly push on elsewhere too? The Adriatic? Sometimes it pays to ignore the naysayers however risky the venture. I mitigated my risk in any case. I'm sure there are more cautious investers who will come in once they know the structure of the farm in arrangement and that it is properly signed off.