Member Info for Chuffchuff

Prespective is all. Hopefully we lose some of the drama queen's who tell us the end of the world is nigh, whilst equally some of the hype around the ASX was getting out of proportion when we were 50% down on just a few weeks back.

For me the best thing from today is that SD has demonstrated he is no gambler. Even in these conditions the ASX might have given a slight uplift because of Aussie II's in the know. But that can wait. SD has also demonstrated a respect for (and commitment to) long term PI's like you and me. That matters, and for me personally it makes a difference to my trust levels which took a knock after the leak and what I felt at the time could have been a slightly more emphatic response. The board, the backers, and even the legal team backing off from the ASX are instilling greater confidence from me personally. Let's not expect too much yet. This Newmont **** is still a bit of a drag anchor, but there will be serious news both about Hav (and I really hope) about our other JV's and solo tenements in the weeks and months to come. Let's get back above 9 first and push on. No luck required here, just steely nerves and acumen

Are people really thinking this erroneous valuation will be used once the takeover is done for GGP to purchase at this out of date price?

Should read "ripple effect" not "triple effect"

I continue to believe that SD is extremely capable and is working tirelessly to bring about the best outcomes for GGP. I have always accepted that some of this will be played out behind closed doors... BUT (and it is a big 'but'), there is a time when an MD needs to address sentiment and the SP. You see a snippet on here of misgivings (even setting aside the obvious trolls and baiters). For almost the first time I have observed some faithful voices being honest enough to hint at some trepidation. Now is the time to address shareholders directly even if news is a few weeks or months down the road. Others do it. Take this example from Bradda Head:

"In this letter, the Board wants to address the recent decline in our share price and provide an update on the status of our highly prospective Projects and emphasise why we believe our current share price level, which is significantly below our actual listing price, is undervalued and offers an extremely attractive entry level into Bradda Head." They then went on to address various points.

Whether or not an action like that directly affects the SP is almost an irrelevance. It does however keep the faithful engaged" - confidence is all before the triple effect on sentiment becomes a tidal wave. There doesn't have to be any 'bad-mouthing' of partners, just reassurance and recognising of the bruising ride PI's are on right now. All imo

Yes I was one wo got caught at the 9's. I had broken even having averaged down at about 8.5. Once it rose from mid 7's I regarded 9 as a breakthrough... and then the leak occurred. The fundamentals haven't really changed but it's clear that sentiment is fragile and more store is placed on negative news than good news. It is bewildering to think that a rise back up to 9 now will bring someone a 50% return. Serious money to be made for some, but I think for many the averaging down keeps having to go down further and I'm not quite prepared to go over strength re while my other stocks are turning a corner. This will come good (my one and only niggle is the lower we go the risk of a stupidly cheap buy out). The Newctest/Newmont issue has had a far more profound effect on this share because of the quite unique market conditions we're in now. I'm not buying more but I'm not selling either. The other side may be 6 months hence unless there is a startling RNS about new assay results. If some of my other shares get the uplift I'm projecting then I may buy more in if the SP is still pegged this low in 2/3 months. I doubt any of us really expected us to drop quite this far (setting aside those who use this boardfor sport and who don't believe their own words). A little news could stop the rot until bigger news breaks.

The one thing I've learnt with this share is to manage expectation. Do I think there will be an uptick on the ASX listing? Yes. Do I think there will be an uptick on the MRE? Yes. But I do think after each there will be some subsequent short term profit taking that will suppress a strong uplift. I honestly don't see this moving massively until Newmont/Newcrest is done and dusted. I personally hope we will get a DTM not long after because that is the one and only thing to release the potential. Complications if we are not doing this with Newmont will lead to protracted uncertainty and whilst I still believe we will get there even if we go it alone the markets are still fragile right now and confidence is all. With market dynamics, the POG forecasts, Telfer availability a new year DTM is what I am waiting on and I'm not going to get over excited about much else in the meantime. A massive surge from Aussie Institutional Investments will help but I'll take that as a bonus rather than a given. 5 months more feels a long time after these few years but that's when I expect to see the brakes come off.

Things look positive from the Basin East extension programme and the latest drill results. Hopefully the September MRE update will push the SP closer to the levels it should be at

Plode you're the guy who buys a polyester t-shirt in Primark for £3.99 and then pops into Wetherspoons to brag about getting it for £3 aren't you?

I am an older investor Toffers. I've said before that the short term performance of this share is important to me but not at the cost of wrecking progress

Toffers (not deliberate - autocorrect on your name)

Toffees, assuming GGP retain Hav and aren't bought out they won't exactly be cash rich at the start of production. They are going to need to use income to grow the company. I would regard a special dividend as potentially damaging to that growth and detrimental to the trajectory we all hope this share will move on. We have been bruised and I can only hope that SD is genuine in wanting to secure the best for private investors. Yes there is a bit of trust in that statement but we can't have it both ways. Do we want GGP to make a success in the long term or to give us a modest short term profit. I know what I want, even if we've been set back 6 months or so

If I look at my overall portfolio (which some might argue has too much weight on AIM stocks), the greater proportion still remains in 'bedrock' stocks and funds. To be honest some of these in the current UK and global market (China being the current concern) are looking precarious. Where as GGP used to be my risk punt it's actually looking a lot safer than some of my diversified funds. It could even save the day. I'm hoping GGP, a few Lithium stocks as well as a bit of tech and medical breakthrough stocks will outweigh the battering that's coming. I'll be holding my nerve but we've a developing global picture that is testing sentiment in a big way

Shouldn't the assay results from the exploratory drills as part of the Rio JV be sitting on Shauns desk right about now? A tick up on a bit of good news before ASX maybe?

That's a pretty weird thing to say Mapp, two days after two people were stabbed on the basis of their sexuality. You might well find the people you have issue with at HL are straight, white and some of the least woke people around. Who knows and who gives a damn?

333 posts today says everything about the interest in GGP. We aren't going away. People know this will come good, it's just we have to review our own timescales in relation to events. We can wish for certain things but we can't hurry the Newmont/Newcrest vote. That is the biggest suppressant on a bigger rise for now. As I said before, we may yet get other news with the Rio venture which might lift spirits until things come to pass in the winter. I know the drift is disappointing but as I say, a message board doesn't get this much traffic without something special in the fundamentals

When I got up for work at 4am this morning I expressed disappointment rather than surprise. Some of the more hysterical comments from holders I hope come from frustration too, but I would urge caution in how you use your future votes. SD is in a fairly thankless situation at the moment caught between satisfying private investors who know their shares are undervalued and maintaining a good working relationship with current and future partners. There is no real benefit to Newcrest or Newmont in updating the MRE - SD knows this. I believe he is playing the long game that should be in the interests of us all. Why would you want to p1*s off the bigger partner at this time. We don't know whether for example the reward for him keeping mum is to be given the weapons to move at pace once the takeover is determined. This could mean background work is either being done on GGP taking over Hav and Telfer, or we are simply ready to go as 30% partners with the assurance that things move on a pace with a rapid DTM. There is all sorts that COULD be going on that we don't know, but which to put out in the public domain would be crazy. Personally I'm as frustrated as all of you that I'm not sitting on enough value. I had a glimmer of hope that value being added quickly enabling me to retire a year earlier. That is unlikely now but I would rather be sitting on 5, 7 or even 9 times SP in a few years to come than doubling value now, which is the minimum of what I need to consider early retirement. Good progress is still being made on the decline so there's no overall delay to us getting the stuff out of the ground provided SD has absolutely locked in some guarantees for being so cooperative. Fingers crossed for astonishing drill results in our other ventures. We are soon soon to be miners but we remain the chosen company par excellance in this region when it comes to exploration. Ignore the shorter, try to avoid debate with idiots (silence is the most effective) and keep perspective (as difficult as that may be). GLA

I suspect Newcrest don't want their voting shareholders to feel they are being sold too cheaply. It's in our interests too for this vote to get over the line. If only things were happening a little quicker. Frustrating. But don't forget the decline continues...

There's an odd one over at Bradda Head. The MD directly addressed what he considered to be an artificially depressed SP via a letter/RNS. Up 27% on the day (albeit still down by over 50% on the year. Not saying Shaun Day should do this as it does smack of desperation a bit but it is interesting to see a very direct message have such a big impact without other 'news'. I'm perfectly happy with the course of things with the video presentation, the asx listing and other events to come. I hope when we push through 9 again that it really will be a floor. It's seems lots of us who bought high and averaged down are starting to move into profit again as we aim for the 8's and above. Hopefully the board here retains a more positive tragectory, the shorts close and aside from odd profit taking we move up solidly

If you then use that mug to have a bit of Winu it sounds like the perfect vessel

Well just to keep things light for the weekend. After a bit of googling I've established that at 88p EACH GGP share could buy: An ASDA Harry Potter mug, a complete meal made by a trolled thrifty mum, a pint in Benidorm or a whole house in Sicily. When my shares realise this price I think I might turn it all in for the trolled thrifty mum meals and forgo the risks associated with downtown Sicily