Member Info for Chuffchuff

Yeah I'll be at pensionable age myself in a few years time. I'll have to assess nearer then how I play this one regarding income

I know there are many bridges yet to cross, although hopefully the first bridge as GGP moves from explorer to miner happens soon. But what are people's thoughts about GGP progressing to pay dividends in the future? If so what sort of timeframe do you think?

Is it likely that for the foreseeable future profits will crank the wheel of exploration and development rather than be returned to shareholders? Of course I appreciate that the greatest reward initially will be in long awaited SP rise. It got me thinking after Newcrest recently paid out a special dividend, the timing of which appeared designed to suggest that profitability needs to be taken more seriously in the next offer that Newmont make (assuming that they do). Hopefully this all bodes well for the impending FS and DTM. Historically how long does it take for a company on a path like Greatland to consider dividend payments?

My wife is (I invested on her behalf). I may be in her bad books for now as this stock flew and she is down a little currently

Excuse my lack of knowledge on how these things tend to play out, but IF GGP were in a position to buy out Telfer/Hav because it wasn't wanted as part of the Newmont takeover, how would it be financed? Is there any danger that the raise of funds would involve the sort of severe dilution that would compromise smaller shareholders? Or would we be sitting 9n such a sizeable asset that the levels of dilution would become insignificant compared to the assets and projected rise in SP?

It's been found

This is broadly my thinking too. My planned (slightly early) retirement date will be end of April 2025. I should be in a position where I don't NEED to sell at that point but by then I hope we will know how far this may sail and I will be reviewing my strategy at that point. If things are looking good (especially if new exploration looks promising) I may use this stock as something akin to a pension drawdown, taking a bit of profit here and there but keeping invested if things are looking good (and I see no reason why not). I don't see myself selling before 2025 unless something really unexpected happens

I've only just around to reading this thread and it contains some of the best posts (from different people) that I've read in ages. To my mind it is entirely appropriate for SD to shift his dealings with NCM from a semi-adversarial relationship to one that is more openly cooperative. This will be based on things we know about (changes in management at NCM, a realisation that it makes more sense to delay the MRE based on continually emerging positive drill results, etc), as well as things we don't. It is a frustrating journey at the moment but I would be more alarmed if SD was inflexible. Ultimately that would put us more at risk of a hostile takeover. You have to be prepared to be robust and assertive when required (as he proved), but somewhat more diplomatic when appropriate. The thing with diplomacy is that it often makes 'outsiders' nervous because there's a sense that "nothing is happening", when very often more is happening behind the scenes that is rightly cloaked in a bit of secrecy. To people that don't look at the nuance, and especially to those sitting on a loss, it's easy to panic. My advice would be to keep going back to the fundamentals. Although some made a fortune and got out on big big profits this current phase is not a "get rich quick scenario" and it's not for the faint hearted. It is a time to hold and watch with vigilance and scrutiny without being derailed by events that have no bearing on the mid to longer term potential of this stock. I am ready for 6 months of relative instability with a somewhat suppressed SP. If it pushes on a bit in 2 or 3 months to me that is a bonus rather than a given. Unless new information emerges that seriously undermines this position it is a hold or buy all the way.

I agree with SharketMare. I bought more two days ago and am about to sell another stock that has given me good returns and is close to my target. This will release a bit to further invest in GGP at this low price point

I very recently bought in at 7.5 with a view to long term gains (not necessarily what you hope for in Q1) but I'm reasonably confident in the mid-term. Problem is there are so many conflicting factors from the lithium price ultimately easing (perhaps very significantly in a two year time frame) to greater resource availability etc. A lot of my thinking on this stock is the 'home grown' factor for the US automotive EV industry. But there will still be a ceiling price on lithium that will likely drop as global supply increases. There can be a lot of jitters over low priced stocks that are engaged in a market that is receiving a lot of attention at the moment and this volatility will likely make for a bit of a roller-coaster. That said I personally think this one is worth riding and I would hope the floor will be 10 in the next 6 months or so

If only Speedy. I'm firmly in EMU land. High speed acceleration but no thrum for me

Noted Speedy

Thanks very much Yellowstuff. I appreciate the understanding!

I dunno why my thumbs up came as a double question mark. Work to do by me finding my way with this format

Thanks viking ??

Ha ha. Not quite Ace - it's actually because I'm a train driver by occupation (ducks incoming missiles...)

Thank you Zoros. Note to self for future: watch predictive text in the first line of a first post!

Good luck to you and all
Chuff

Morning everyone. I'm a little bit NG time lurker and have held GGP for nearly two years. Bought too high at first but bought more on the drop and I have a modest holding representing about 10% of my investment portfolio. I also have shares in the BGF world mining fund which has done quite well lately. I need GGP to reach 13.5 to break even but I'm confident it will go much further in 23/24. I've been on here long enough to know there's a great deal of suspicion over a 'new' face. I don't have any drum to beat and the whole reason I've not posted before is because I simply don't have the depth of expertise or knowledge that many do on here. I am however a clear thinker and I tend to take the ramps and de-ramps in my stride.
Of course I want the SP to be on the rise but I'm now completely satisfied with the fundamentals so I'm reasonably relaxed about fluctuations over the next few months.
I did wonder if maybe the rise in gold might be a bit early for us but I think long term it looks good even once world economies are well into recovery. The future for copper I find even more exciting and I've huge confidence that demand will be strong for many years to come. Best wishes to all holders and thank you to you knowledgeable folk whose input on here stopped me from bailing on a loss!