Member Info for Chuffchuff

Currently uprated to Cat 5. Telfer is bangiin the zone where it is forecast to reduce in strength. Predictions for that area anywhere between Cat 3 or conceivably still Cat 5 but it is a fair way inland by that point

I regard today as the very first step towards greater certainty. The first stage is that the acquisition gets sealed and that seems more likely today. There may be slight uplift for us but in my view nothing very significant until our relationship (or otherwise) to Newmont is established. This will be a big determinant as to whether people stay around for the very long term. Until GGP is assured of survival as an entity in itself then there is a potential for relatively large numbers of smaller private investors to sell if they believe there is restraint on the upside. Some on here will be looking at events over the next 12 months with a view to sell in that time frame. Others will be reviewing each marker closely. In an ideal world the ASX listing will deliver a further upside and then by August or so we have an influx of institutional investors with the DTM at which point confidence and security is consolidated. The key thing for us is whether this advances in partnership with Newmont or not. Going alone releases a further massive upside but will in the short to medium term increase volatility. We will all determine our sell point according to our average, our financial landmarks (retirement or whatever) and whether we are leaving a legacy etc, etc. Personally I am still watching my next move carefully. I am confident of a small upside over 6 months and then perhaps 3x current SP over 1-2 years. That will be enough for many and possibly for me. I would love to stay for 5 years or so at which point I think dividends become a possibility, but it completely depends on how my other investments perform to prevent me from cashing in early. GGP could still be transformative in my case and I will watchfully wait to see if it releases enough for me to retire a year or two early. Ironically it is the potential for a greater upside that would keep me in employment so I can leave my GGP shares in place for an even greater uplift over 4/5 years. It will be an exciting journey and I expect to be much clearer as to when it will end for me in the next 12 months.

I have a Fidelity ISA and just tried to top up before close of play. I did not have access to desktop so tried using my mobile but the bit where it has a drop down menu to declare source of funding etc simply would not open so it was impossible to credit my account. Yes there is a whole new ISA year ahead but it would have been nice to secure a reasonable buy price as we now have the Easter weekend. Frustrating

I didnt expect any significant upwards movement until the Newcrest/Newmont situation is resolved. I've bought sporadically on the down to lower my average (I needed to) but I must admit I didn't expect sub 7's. Until I can u pick what's going on I won't buy more but unless anything startling emerges I fully expect a big upside when all resolved and the DTM finally gets announced. If there is anything more sinister at play I would imagine SD is ready to go on the offensive. Markets have been extremely volatile and although gold is safe money the institutions won't regard GGP as such until a lot of stuff is resolved. I've turned from strong buy to hold but I'm in for the long term

Thank you Samplank and Sanibel. Well if NASA have a whole internship for neurodivergent individuals there are clearly traits that are extremely useful to problem solving and the furtherance of human knowledge! I agree Samplank that there are some posters where the nature of posting is so obviously troll-like or disruptive (perhaps even sinister in their effort to depress the SP) that they should at best be ignored or otherwise removed from the board. Bamps I could be wrong in my hunch. My post is in no way a pop at you (for whom I have huge respect). I also understand the frustration when you put in so much hard work and so much detail that for someone to come back repeatedly when the answers appear to be out there can be irritating. I guess that's the point I'm trying to make is for some people within the whole range of a spectrum, some will struggle with details other than the thing to which (to most of us) will appear to be a fixation. I don't think Red appears to have the other attributes of a disruptor unless I've missed stuff, although I understand how frustrating it can be to feel you've not been heard or understood. I hope that some of the answers in this thread have gone on to satisfy them for now, but based on previous posts I would be fairly certain the obsession/fixation over tunnel length will return again and regardless as to whether autism is at play or not it should be possible to step back. Regarding the full blown slanging matches that happen in other threads (and I don't equate this with that), there is a danger that good posters will be alienated and therefore silenced resulting in less credibility for the board as a whole. At which point the true disruptors have won

I could be wrong (and please don't all take this in a negative sense), but there's potentially autistic traits in some of this discussion which potentially require a bit of tolerance. No one is obliged to answer questions. It is perfectly reasonable to leave things unsaid, although some have also shown great patience in outlining detailed answers. I've seen a few threads recently where assumptions have been made about individuals. I'm not making one myself, I'm just raising the possibility that other things can be at play and we can chose either patience or kindness or decide not to answer at all

Thanks Speedy. I did wonder if you might have been one in the know. Appreciated

Well Strudel I did just mention I was aborting the trip to the garden centre due to the forecast. I'll book some kitchen space and use Amazon prime to get my ingot mould ;-)

Thanks guys. Yes I agree that two or three valuations is probably the way to go. Perhaps one route may be to go for a "paid for" valuation for insurance purposes that should give an honest appraisal and then use that of a benchmark for other companies who may assume they could be in for purchase

Sorry if this is slightly off topic but there may be people on this board who have experience or are in the know. With gold prices high I have been hanging on to some non-sentimental jewellery that does not have particular value in design terms, but one bracelet in particular has a bit of weight to it and has some inset diamonds too. Does anyone have experience of a reputable dealer who would give an honest appraisal of true value? London area ideally. I have no real interest in jewellery so as I lack knowledge I want to be sure I'm not getting ripped off. I presume I can start by doing a very crude weigh myself to get rough gold value

It says everything that a thread entitled "Abuse on Here" and asking people to grow up, immediately became a thread with people who abuse each other and need to grow up. I understand people who say to just block or filter but I also see a bit of sense occasionally in those that seem to engage in some of the bickering. It's getting really tedious. I never engage in it myself but it's a lightly shame that so many topics get soured by petty and ridiculous spats. Clearly the're are also out and out trolls who should just be banned, but can everyone else not just rein it in a bit?

On the positive side the sare price is likely to remain suppressed until the new ISA allowance comes in to force. Although I drip feed my ISA over 12 months just under half my allowance is left free to buy as I see fit. I see a bulk buy of GGP happening in April and im sure a few others will do the sane. It wont be the main trigger of the SP rise coming in the next few months but it may well create a slight uplift so be prepared to get in early

Topped up a little here too. Unfortunately it had to be outside my ISA allowance this time but it will come good in 6 months or so I believe

Thanks ProfsQ and Bellers

Rail may not work but presumably a road train could be? I don't know if they've made any of these rigs greener, as I believe some road trains are capable of hauling 200+ tons. I mention the green side of it as road haul transportation is not ideal unless EV's are under consideration. I don't know how this need to haul by road (even if only a moderate distance) squares with the green accreditation that SD mentioned is necessary to become attractive to some new investors?

Agree this was a good Q&A. I have felt for some time that the SP won't shift until the DTM is finalised but the angle on the ASX listing was interesting in the sense that it would inevitably bring buyers rather than sellers to the market. I did sense some frustration at the due diligence and the time it is taking for Newmont to go through the books. This process is undoubtedly delaying the DFS and is frustrating in the short term but ultimately SD and the team seem ready to respond to whatever happens. I'm guessing we have 5 months or so before the markets get really excited. Sustainability accreditation will also bring new institutional investors on board

Thanks Redirons and Doublehun. An interesting history Redirons. I'm not far off (early) retirement myself but I've got a couple of years to fine tune things and it gives enough time to assess this stock in particular. I've a decent (though not extravagant) final salary pension so GGP shares, which represent about 10% of a long term ISA sit well in my overall strategy for now which has a mix of risk that I'm comfortable with without jeopardising the relatively modest retirement I'm anticipating

This post doesn't include an detailed analysis, just simply to point out that the Morning Star "fair value" rating of the SP is currently 13p. I was staggered when a few weeks back people posted up what their average buy price was and the overwhelming majority were quids in. Certainly this will be true for long term holders who are still in big profit regardless of the tumble from the all time high. I suspect the silent majority however were/are in a less rosy place. Me? I'm honest enough to say that I bought too high at first. I was late to the party when GGP were being hyped a bit too much. As a rule I tend not to hold on to stocks if I believe they are going to stagnate - I tend to sell (even at a loss) to make my money work harder elsewhere. Most revently for example i bailed on one faltering stock to buy in to Cleantech Lithium and my money doubled in about 3 weeks. I certainly don't win them all but tactically I'm happy over time as my gains far outstrip my losses over multiple sectors even with the odd mistimed purchase. With GGP however I held. Near the start my break even point was near enough 20p. Interestingly even just maybe 6 months ago it was at Morning Stars current fair value of 13p. I continued to average down and now I need about 9.5p for break even. Many quieter holders on here will be in my boat. I trust the fundamentals regardless as to what happens with the multiplicity of scenarios mentioned in this thread. I don't know how big the upside will be, for me it's simply too unpredictable to make a clear call but I will make a reasoned choice whether I hold or sell once I am in reasonable profit - and i consider tgat to be a "when" not an "if". I am confident of at least doubling my my investment although I retain hope that it could be many times that if everything aligns with the more optimistic forecasts as to what may happen. Doubling isn't what I hope for but after a bruising ride it will suffice. In spite of a stagnant SP for an extended period and me buying too high in the first place I've never moaned about it. Prudence and a level head kept me here and told me it was best to average down. I have no regrets whatsoever. Keep faith!

Thanks for the summary Raisingdonuts. I'll give it a watch when able

I couldn't make the webinar. What was the general sense of things? Is there a sense that CTL SP forecasts are overstated or what? Given that lithium prices are not the sole factor in a companies projected growth what is the consensus?