Member Info for Culpepper

Nothing you said there is contrary to anything I said.

My little bit stands, as does yours.

It may, I’m betting on it, be an opportunity.

But revenue has to be set against cost, and get to earnings.

I think it’s become plain on here that some don’t understand the difference, pe and so on.

There you go, it is what it is on these boards.

I just have it in mind that without knowing capex for Telfer and Hav, a guess at profit - don’t think there’ll be much, not a problem - is just that. And much is made of FCF.

Dependent on variable gold price.

If Hav can be developed for ‘free’ - brilliant.

Well, you know, I read on here every day that it’s so undervalued, but currently trades arent pushing it to what that might be.

Everyone says they’re not bothered about daily prices - but they seem to be, reading the posts.

I hope for more longer term, as do most, and believe the strategy will work over time.

Pundits say so, knowing, possibly, more than them on here.

I got money on that.

Banging on about the gold price is maybe a distraction from company fundamentals and aspirations, provided they deliver.

Well, I’d be interested to know your view on what Ggp needs to do to bring itself to notice.

I find that sort of posting rather ‘flat’.

All well and good.

Though this is Ggp. Should do OK.

Some might wonder what’s in it for those guessing at 2030.

I’m one.

The rest of you might love that sort of thing. Like grandchildren inheriting shares when you’re dead.

Don5 smack of near term confidence, fo4 most of th3m on here, does it?

Stop the nons3ns3, please.

These events happen now and then. If there is an offering, in which Newmont may or may not take part, the ‘discovery’ is what old Day can get for his shares - maybe in consultation with Znewmont, should 5hey wish to partake with Days permission.

So boringly, I think Amrq aspirations are underpinned anyway by Nalunaq.

As CEO says, all that is longer term.

I think he has his finger on what’s going on in Greenland.

I wouldn’t be surprised if he has to find cash, debt alluded to, to take a leading part, to achieve longer term value.

You lot can agree with each other as much as you like. Price discovery is coming. And on from there.

At least, be a bit decent and wait on the prospectus.

Gold price is relative to what investors see, or don’t, in Greatland.

In the near term, you lot need to wait for the prospectus, then listing day, rather than saying you don’t know/guessing.

Then come out and shout about whatever.

I add, I am not bothered about 2025, existing gold mining, all that. Got to give them time to get it right..6 months or so on exploration, the rest on results and planning.

I don’t think we have an AISC. I base my hopes mostly like all anyone like us tend to rely on, on the statement that Amrq can be profitable on prices significantly below 2000 US dollars. Grades. At Nalunaq.

I’ve gone off ‘ worrying about’ current future, gold production, at Nal. sufficiently assured to support the rest, which may be where ‘it’s at’.

They view themselves, amongst prime first movers, as complementary to other miners exploratory/revenue streams. Enhancing their own.

Early days, Greenland - not done by a long chalk. Just my view. And I gamble Amrq wil be in amongst it.

Price won’t stay where it is, anyway, except for disaster.

They have aggressive growth aspirations, regarding themselves as a geographical leader, or potentially so - I’m going with the leadership.

To be honest, I thought 86p was to be the low. And I have added as price went down. Not to best advantage as looked at today.

That’s the truth of it, for me.

I have transferred substantially thoughts to some extent from Nalunaq - that will come, to support the rest, to the vision of Amaroq, which may or may not come to pass, but they will have done their research to the point where they believe ‘So holistically, you are looking at a company that gives you a proxy to Greenland, which we are in a very favorable position compared to many of our peers, in country and in the Nordic Region.’ Proxy, JVs, help at a cost, what have you.

I link that with their mention of possibly upgrading a junior listing onto main market, the two further accretive business units driving additional cashflow from the same asset base, and the mention of multiple ‘opportunities’ being considered.

There’s a lot floated. They will deliver Nalunaq production. It is my hope, and some expectation, their confidence is well-placed on the rest. I suspect it is. CEO is a very cautious man, in my view.

I have yet to read the report.

And, to finalise, perhaps what comes out of the earnings call is more in a general sense, JVs and so on, how Amaroq see themselves as part of any future Greenland mining ventures.

I will just highlight this -‘ This will strengthen our potential for liquidity and further debt finance to to to for for the company in the future if we so wanted to bring that onward’ - as it touches on matters raised on here earlier today.

Https://uk.investing.com/news/transcripts/earnings-call-transcript-amaroq-minerals-q1-2025-sees-expanded-resources-stock-dips-93CH-4085274#:~:text=call%20transcript:%20Amaroq-,Minerals,-%E2%80%99%20Q1%202025%20sees

Earnings Call.

In the absence of anything else, perhaps somebody has something I missed, I came across this - a sort of summary of the analyst call - Earnings call transcript: Amaroq Minerals’ Q1 2025 sees expanded resources, stock dips By Investing.com

You have to fill in a bit, use some sensible interpretation, but you’ll get the gist. Adds somewhat to RNS, in a positive way.

I ask why, because it would seem strange to me to put out a RNS, and then come up, in a top up session, with something different in a matter of hours.