Member Info for Chuffchuff

I've been interested the above discussions and would hope that due diligence by GGP will have taken account of all scenarios and will also be factoring in the likelihood of ongoing discoveries leading to future mining operations. I would also put out there one other factor; one that's not always appreciated in forums such as this. As an explorer GGP have put some play on their community relations, ethical considerations and as both explorer and miner going forward their expressed intent to be as green as possible in their operations. There is an advantage here in as much as some of their senior partners carry a bit of baggage and given the additional scrutiny now being placed on all the above, GGP putting a line in the sand and offering a way forward that is "baggage-free" may be another reason why we are viewed as a good partner. Expertise in pinning down targets with a degree of clinical efficiency is not to be underestimated and I think there is an opportunity to sell whatever developments occur (whether prolonging Telfer or not) as a greener way forward than might have happened were we not on board.

Drop* These blinking pop ups keep disrupting my text!

As unwelcome as the ro m 9 to 7 was there is a fair bit of reassurance in the interview. I continue to take the view that the SP not move massively until September onwards, however I remain significantly invested and have made two further purchases in the past couple of weeks and have added another 10% to my holding this morning.

Very best wishes to you Archways. With expertise and innovation there is hope to be found. You've seen it off before and that remarkable tenacity (without any sense of "why me?" I might add) will serve you well going forward. All the best

Corkscrew Colin It's when the original company with an interest who holds the licences and permissions etc effectively sells some of that interest for another company to buy-in. The buy-in company therefore shares the costs of exploration but also ultimately the potential profits

Aside from the farm-in news (let's hope for amazing drill results to come), the banks letter of support and extended flexibility is in essence a demonstration that GGP will mine Havieron and is not to be bought out cheap. To me this route to income generation when the FS and DTM finally comes was one of the niggling uncertainties that was causing jitters. Inevitably the SP will continue to ride a bit of a roller coaster but to me the bank letter provides the short term solidity while the farm-in, aside from providing the potential for big discoveries to come, consolidates the reputation of GGP as explorer par-excellance. Rio Tinto appear to be aware there is no one better to target and drill in this area.

Also filtered Toffers (although someone, somewhere will think I'm playing a smart one for acceptance 🙄)

What I have noticed with this board is that there are very obvious trolls and derampers who are that easy to spot I simply don't engage with their posts. Unfortunately there are also a loud few who will see no fault in how the slide in SP is being handled. They tend to lump the rest of us in with the trolls or supposed shorters as happened to me the other day. I believe there's a silent majority who align themselves much more closely with the likes of Tig, whose posts have had more recommends than most.

To be clear I have held and bought on the drop to finally break even just as the price rose to 9p. I thought that 9p was a turning point (I take responsibility for my mistakes), so I increased my holding by 20% at that price. Now I am in deficit. There will be people who say if you can't handle it then get out. Clearly some have. I'm not, but it doesn't mean that I'm not jittery. I still believe we will pull through and in many ways it's fairly critical to my impending retirement although if the worst comes to the worst I will have my head above water. BUT, my initial concern after the leak was how the institutions seem to be the be all and end all while us "quality private investors" as SD called us are feeling pretty overlooked. I accept that institutional buying will ultimately take us in to profit but even if those of us damaged by the drop in SP are wide of the mark, things should be done to address our concerns and to treat us with merit and respect. Give us an olive branch. I would apply that to people I mentioned whose narrative is so completely positive that anyone with a question or piece of information that doesn't bring good news is one for the bin. It's become a sport to denigrate honest hard working people who are holding, want an upside but in airing their concerns they are somehow beyond contempt

So predictable. You get owned over a misleading reply when Reuters, Bloomberg, The Guardian and others are running the story and so of course I'm in it with my mates. I sense you are a get the last word in type of fella. Or you could just crack on yourself and wear your mistake

You are perfectly entitled to that opinion and if you had dismissed the current investigation as irrelevant that would have been perfectly acceptable. Instead you flippantly passed off my reference as old news. But it wasn't. So you mislead in a rather patronising way and so you change the story to one of irrelevance.

It may well be but attack the right story don't pass it off as old. I would have thought it less than ideal that our current (albeit soon to be consumed) partner is coming under environmental scrutiny given how strong GGP have been on this issue. It may not end up having any bearing but I don't think me bringing the story to peoples attention is an irrelevance and as someone with a hefty stake in GGP in terms of % of portfolio it's not in my interests to knock our own SP (just in case you think that's my game). Get off your patronising high horse

It is facing a FRESH investigation (as of May 2023) on the basis that implemented measures have not been effective:

"May 22 (Reuters) - Newcrest Mining Ltd's (NCM.AX) Cadia mine in Australia's New South Wales (NSW) state is facing a fresh investigation over emission of dust and other pollutants, the state's Environment Protection Authority (EPA) said on Monday."

As I said I don't know whether this has any bearing at all on SP, but I would think it less than ideal that such scrutiny is being placed on them. This is a current story and therefore your initial dismissive response to my initial post was inaccurate.

Thanks for the rather facetious reply Trippy. I thought I indicated it may not have a bearing but it doesn't read as a 2018 story, but if you know different it wasn't mentioned in any of the current stories across several news organisations:

"The New South Wales Environment Protection Authority has launched an investigation into Cadia goldmine near Orange after local residents, including children, reported blood tests with high levels of selenium, nickel and copper.

In a statement, the EPA said Newcrest’s Cadia Holdings Pty Ltd was issued on Friday with a draft pollution prevention notice and a draft licence variation regarding the management of emissions of dust and other pollutants at the central west goldmine."

If this is old news and it has been dealt with then great. I read this as a current story which might be less than ideal

Drop in SP I meant to write (this flipping board sends pop ups mid typing!)

Freddie you asked about Newcrest in SP. I haven't been monitoring it but there is a current investigation into how they've been surpressing dust particles at Cadia as blood tests in the local community have indicated contamination. I'm not scaremongering here it's just a current story that might have a bearing

This board is becoming unreadable. There's been about 4 posts from about 100 that are useful/of interest. Tymers "You really need a man. Do not fight" is bloody creepy. It's mysoginistic in the extreme. I don't know toffers and haven't read their posts particularly but seriously it doesn't matter who they are. That statement is babg out of order

I would most closely align myself with antigua's thoughts at 8.27 and 8.40. I'm not panicked but neither am I entirely happy. I have averaged down to the extent that I finally broke even last week. That has now been eroded by 12% or thereabouts. I'm holding. I have confidence that we will mining ore early next year but the recent events mean the gamble to average down again even though the SP appears cheap is now a step too far for me. I've put more in this share than I normally might in terms of balance to my overall investments so I've quite a lot riding on it for retirement plans. If it goes pear-shaped I've enough elsewhere to ride it out but it's less than ideal as things currently stand. There's too many extreme standpoints on this board for my liking. There's a lot more nuance to some of us long term holders. I still hold but to say this hasn't been somewhat discomfitting would be a lie. I'm not gunning for SD like some, but there needs to be some smooth talk based on genuine respect and regard for private investors which provides some assurances to us. It should be possible to do that rather than have all us with reservations gunned down as not understanding business and therefore not worthy of being in the game, which is the inference I take on occasion

The thing that shocked me was the response to the leak rather than the leak. I hope to see better management of this story over the coming days and there ought to be a more considered understanding of individual investors anxieties. They don't have to give is the whole picture. This was an example of damage limitation that did more damage. An unnecessary own goal, but one from which can be recovered by scoring twice at the other end

Not got jitters that was meant to read 🙄

I've goto jitters. I'm holding. I've never sold, only bought BUT.... whilst I always felt further dilution was on the cards I was expecting news of this over a slightly higher SP - even if it was a leak that prompted this somewhat rushed response by the company. Regardless of people's opinions of different holders of this stock, those holders have all contributed to the enviable position the company is now in. If there is some discontent, founded or not, there needs to be greater reassurance that spells out that we are not disposable given we have dipped into our hard earned to open the door for the institutional investors. Maybe private investors should be rewarded down the line with a special bonus

Regardless as to whether a dilution raise will be in our interests long term, SD called us "High Quality Shareholders" in the latest presentation that mentioned tier 1 etc, etc. We are owed a high quality explanation without him necessarily showing all the cards. I actually increased my holding by about 20% as the price moved to 9p. I wasn't expecting the SP rise that some did over greater certainty with the Newmont Newcrest deal but I did feel we had reached the floor. Unfortunately this board often segregates posters into one of two camps, but as with much of life there's a lot more nuance to my reading of this situation. I still think that the big decisions are yet to happen - the ones that really determine what we end up with, but I don't want to be left with a feeling that we are expendable. I slightly do at the moment even though I will keep the faith. I kind of have to really now I've exposed myself to this stock more than I generally would with one of this nature