Member Info for Chuffchuff

Good to hear MattyBoy. I've not worked it out but I might not be far off the same (after tax that is)

The only thing I would say about the constant messaging about holding is that we could keep rising massively for years. I'm not doubting that. But seriously dont let health issues get too bad (or worse) before you enjoy some benefit. I'm not recommending selling here, but I have no problem whatsoever with people taking some out. There appears to be quite a high percentage of PI's in the close to/or retired age group. The years pass by, there is a case for enjoying what we bought in to even if we don't see the rise to its peak. Hopefully now many of us can do both - enjoy some profit when it is right for us, and leave some in for further accumulation. The people who berate those who sell have no idea about that persons circumstances, their health, their relationship to others who may benefit exponentially from their generosity. This is not a one dimensional issue of simply chasing maximum profit.

That's very true Dip. I first bought in at those dizzy levels (not quite the high but not far short). But here's the thing, surely as we got the knowledge and especially when we bought Telfer and then as we started earning most of us have accumulated multiples of what we first invested? I get the real term thing with inflation etc, but as those of us averaged down and then even accumulated on the rise as we grew in confidence as the SP rose and we were de-risked, by the very factor of us doing that we are so much better off (richer always sounds a bit crass) than if we had left our investment as it was? For me that has totally obliterated the inflationary costs. I suppose I could work it out but I know that the belief in this project and the serendipity of what has occured and continues to be is the big story for us all.

Just read about E1's conversation with his wealth manager which reminded me of one I had with a wealth manager at Fidelity. He was used to people having a portfolio of more generalised funds and assumed I must have had a background in mining. He was completely stumped regarding offering any advice - though even at that point he could still see I had done quite well. Again, in a more "off the record" moment he committed to doing a bit more research on two of my shares for his own portfolio, one of which was GGP. I said he really ought to. I'll never know if he invested because I ended up transferring from Fidelity to AJ Bell after they were so poor at dealing with the retail offer. Well GGP would have more than doubled his money if he invested at the time so Samuel, if you're on here, you owe me a pint!

Even those who first bought near the highs would now be back in profit, a great many more like myself averaged down so significantly that we are in many multiples of profit. One year ago we were at roughly 6p in old money. If we have the odd flat day it really doesn't trouble me as we have had a remarkably consistent run from late last year. A 1% rise in one day yields more than five times greater profit that it did one year ago. I'm hugely grateful for where we are and very confident in Shaun and his team. I had a lot if misgivings at one point about the path to Havieron being slightly delayed but the development of untapped resources at Telfer, the ever-turning drill bit, the greater efficiency further supported by the POG is nothing short of spectacular. For many of us the daily/weekly/monthly profit we are beginning to attain is life-changing. Like I say, the odd flat day is but nothing.

Now, it should be obvious that I'm not Moon's biggest fan. In fact he's an immature idiot. But really? "dinghy invader" (second time I've seen that mentioned) and "Mumbai boiler room tea boy". Come on, he may not have English as his first language but don't stoop to that level. I see all the upticks on those posts but we have people on here who may themselves not have English as a first language. I personally (without supporting the disruption moon causes) find it offensive and demeaning. Cue the woke accusations... No, I'm not a Starmer supporter.

Stick with metals in 2026 is what Morgan Stanley suggest:

https://www.marketindex.com.au/news/morgan-stanleys-major-theme-is-stick-with-metals-gold-silver-copper-and

"Morgan Stanley’s outlook for precious metals remains firmly skewed to the upside, particularly for gold and silver. Report authors Rahul Anand and Michael Stancliff highlight a rare alignment of macro forces supporting gold: anticipated rate cuts, persistent geopolitical risk, strong central-bank buying, and continued investor demand for real assets. These factors are combining to “skew precious metals price risks higher,” while falling interest rates and robust physical demand continue to provide structural support, the analysts note"... "Copper’s outlook is underpinned by a compelling mix of cyclical tightness and secular demand growth. While China’s property sector remains weak, Morgan Stanley argues that copper demand is increasingly driven by electrification, renewable energy, and digital infrastructure rather than traditional construction. “2025’s supply disruptions are spilling into 2026,” the bank notes, keeping ex-China markets tight even as global growth moderates".

Tbf moon was lured back in by being baited. We could just try leaving them be? Just a kid I think.

Good luck EOaW

Speedie, whilst I've agreed on almost all you've said previously I maintain my stance on clearing debt. While of course it can be cheaper to service a debt while the sun shines, becoming mortgage free (early), was to me one of the greatest things I ever attained, not least because I did so off a very modest income. Whilst you can take out insurance against loss I income, I'll health, etc, I maintain that removing the risk of being unable to service your mortgage if the proverbial really hits the fan is a prudent choice. If it is something that can be done early it frees up a different mentality in investment. The things you've said historically have very much been the present and may well be the future, but I would just caution that in this tipsy turvy unpredictable world there's nothing like being debt free. Being able to service debt is never guaranteed unless you have already accumulated significant wealth.

That's such a hard question Everyonesawinner, partly because as you say you have a dependent son and presumably may want to ensure a legacy for him. You probably could do with professional advice regarding your goals. On a basic level I would say if it's possible to clear your mortgage while you have an income then it is so hugely freeing to have at least some period where the surplus you have by being debt free can be poured into investment. You have security of knowing if things go wrong you have the house paid off. As for anything else, the retirement living standards website provides some info on minimum, moderate and comfortable as a crude guide but this may not apply readily to your circumstances https://www.retirementlivingstandards.org.uk/

You may already know, but check you have paid enough NI contributions to get a full state pension and factor in the gap until you get that extra £12k or so. What one person regards as comfortable is not the same as another. Being able to change a car once in a while and have at least one decent holiday a year is the least most might wish for, but you do have extra expenses some may not face. I hope GGP affords you all of that and more.

I think there's different ways of looking at this - but for us they all lead to Greatland being a fantastic option for both PI's and Institutions to invest their money. The FTSE's recent breakthrough through the 10,000 barrier might even bring some confidence to London listed companies, even at a time when there has been concern over certain sectors fleeing the city. Perhaps GGP's retention of the London listing is prudent.

Furthermore however well gold is doing (and in my view will continue to do so), our copper is increasingly a hot commodity in its own right. There's been a recent divergence from the oil price which serves us extremely well. A useful explainer here (even if it is in the text of the possible Rio Tinto/Glencore merger:

https://www.ajbell.co.uk/news/copper-surges-past-oil-amid-talks-ps200-billion-mining-merger

Coming too, albeit not until 2027, will be the cash ISA changes. Perhaps this won't play out massively as there's a danger that investors will look for other cash vehicles than stocks and shares, but I still think it likely that some UK PI's will be taking a fresh look at strong performers and I full expect GGP to fit this bill. There are so many micro factors that Shaun implimented at Telfer to enable a cumulation of highly profitable enhancements, that when you couple this with things we can point to in the local and broader markets there really is an unbeatable prospect here.

Elcobbledor, posts straying to far from GGP are often frowned upon, although personally I think reasonable discussions around compatible and/or complimentary players out there is a reasonable topic. As stated before I am heavily overweight (for good reason) in GGP, but I hold a bit of Fresnillo (who have had a remarkably consistent return this year, even though silver us more volatile fir day to day fluctuations). Although we have the copper here I also have a small position in ACG Metals for that. I have dipped in and out of a few silver companies just to take out quick profit (sometimes only holding for a few days). I have a few small positions in other explorers such as GSCU and Mila. With these and GGP My entire portfolio is 90% gold and other metals/minerals right now.

There is no right or wrong time to sell depending on your circumstances. Age is one factor. If you have a comfortable life already and the reason for holding is to pass on to family then that's one thing, but if you could have a more comfortable life by selling a portion now then don't ever have regrets about it. I'm not far off that situation myself. I know this has a lot further to run but if I sell and I live happily ever after on profits already made, even if it multi bags from here I would still watch with a smile. If I possibly can I want to leave a bit in, partly for the fun of it. For all the talk of recognising what we have in GGP, in SD and the terrific board, taking some profit isn't necessarily unwise. It's why I don't begrudge Bamps at all. I'm sure most of us are so overweight in GGP it must look crazy to outsiders. Money doesn't buy health or happiness but life is for living now and not just at some point in the future. Some have already sadly departed without ever fully realising the dream that has emerged over the past 12 months. Good luck whatever you do.

You got there Victorocto. I don't know how, but you got there.

Thanks for that Victorocto but I think the Met Office got in first... As for the SP, to save you from crucifiction then I shall also declare "£6 - close to MY forecast". Let all of you who also forecast this declare "I Victorocto forecast £6". Apologies to Sparticus.

They were going to mitigate risk of surface water ingress as well weren't they by covering the initial decline into the portal? I wonder if that work is underway? Be nice to see the odd photo of anything being done. Happy as I am I must add regarding impending resource upgrades at Telfer.

I know it's often the case for explorers but the spread on this share always seems huge. 16%+ between buy and sell and that's before fees and charges! I know shifts up and down can be quite significant but it does seem quite a deterrent being 4 times or more that of peers (many of them with unproven "discoveries").

Quelle surprise Rodney, evidence today that the SP does not move downwards on the proclamation of one humble investor. Instead, we are back to dodgy videos on which rumour is allowed to run free. Broadly unchallenged. The hypocrisy here only took a holiday plus one trading day to be exposed.

I'm sorry to hear that Syd. Your post won't get deleted. Some things are more precious than gold and I'm sure the treatment will be transformative. Very best wishes