Member Info for Culpepper

We were waiting on that, from 18th December.

“The podcast wraps up with Eddie teasing an exciting new discovery in northern Greenland, where the exploration team conducted sampling this year on what geophysics suggests is a massive geological structure. Results are expected in January, which is only a fortnight away.”

It was, as you can see, a general comment on holdings notifications, following the conversation.

With some of these it is not always easy to distinguish between shares held by the institution themselves, or on behalf of individual clients or through funds.

Thankyou.

I imagined it might be an upgrade to Nalunaq revenue. Fundamentals.

I don’t know, but suspect they remain conservative on gold price.

It doesn’t need to provoke sarcasm. If you want to delve into all that, shares put aside in treasury and so on.

https://uk.finance.yahoo.com/quote/GGP.L/key-statistics/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAE0S6nF6up9Vc3uuqDBj_PABJHkI7fk5fUM67TaIBasVxJOvLcvnZgtHuYM3uuSENAfO7tjLtDQK5H4LSS-c5nMQabTDba6g3HXWJVRJNxMkoNf54mCriEeiy4JohfndsisSD0iXcTFckrDhoAUb4tsdw2AYWTzeqfYc8vmwD2oN

Thankyou.

They have, as a buy, as opposed to Cannacords speculative on no news, I ,think, a reason for that — perhaps connected to Nalunaq revenue. You will know better than I, if you have the note.

1.50% would be pretty good for any share, day by day.

Though the trend is up, therewill inevitably be down days.

Amaroq has two house brokers. Cannacord and Panmure, who provide services to the company. And basically, that’s it on coverage

Until there is increased coverage arising from the London main market, when ( and possibly if )it comes.

Though nobody relies on them, one might expect targets by joint house brokers to be in line, and although I note Cannacord has gone to 150. Panmure has not changed.

At face value the difference seems to be Cannacord’s speculative buy, ie for traders it could go to 150, as against Panmure’s simple 125 on anticipated fundamentalsis, something they stand by as value.

Either way, we’re into a formulative, progressive year, Nalunaq on run rate, progressively on recovery rate, and Nanoq and Black Angel on potential future revenue, and meantime moving up the value curve, on increasing resource.

Projects developing. Lot of exploration on the licences, too.

Hazarding a guess, as we do, and expecting a year of positive updates, I think it’ll go no lower than 1.20.

I’m not buying more, by the way - got sufficient.

“Golds got $10k written all over it!”

Well, I think those putting their names to that arent entirely thick,compared to me for example, who might just pull a number out of the air, not having their facilities. I don’t know your basis for that over a year. But anyway, it’s good for Amaroq who’s spokesperson has said they can be quite profitable at $2000 an ounce. They’ll take a while to get to best recovery rates. Q2, perhaps end of, seems to be the mark on that.

This is still thinly traded by general comparison - volatility prevails ( I hope entering the main London market will help with that.

Flat today, (the 3 markets starting to agree) profit taking or those that think a USA ‘takeover’ would inflict harm on Amaroq operations. I think the former, and see nothing to indicate the latter.

Whatever, I’m still of the view that the geopolitical discussions, the noise, is more likely to lead to increased investment in Greenland, including mining, than not.

All the best.

What’they’ think.

Analysts’ gold price forecasts for 2026:

Change from 2025 close of $4,341.10 per troy ounce

* Jefferies Group: $6,600, up 52.04%

* Yardeni Group: $6,000, up 38.21%

* UBS: $5,400, up 24.39%

* JPMorgan Chase: $5,055, up 16.45%

* Charles Schwab: $5,055, up 16.45%

* Bank of America: $5,000, up 15.18%

* ANZ Bank (Australia): $5,000, up 15.18%

* Deutsche Bank: $4,950, up 14.03%

* Goldman Sachs: $4,900, up 12.57%

* Morgan Stanley: $4,800, up 10.57%

* Standard Charter Bank (UK): $4,800, up 10.57%

* Wells Fargo: $4,500 to $4,700, up 3.65% to 8.26%

* Note: Average is $4,600, a gain of 5.3%.

* Average: $5,180, up 19.3%

* Source: Wall Street research firms.

https://www.thestreet.com/investing/every-major-analysts-gold-price-forecast-for-2026

I know there’s some big machines coming too - presumably to shift more.

Hang on HG.

I said I presume they will continue as before, for the foreseeable (in terms of volume, mining tons.)

I said, PG also said, or inferred, an upside will be from higher grades (as they flow )

I mentioned hedging, that some do, some don’t, as a differentiation between miners. Ggp does, through puts.

I said, effectively, I thought that may in part be to satisfy retention of bank lending facility. PG put me right - no longer mandatory. Theyre at the moment still doing it.

I also said, I regard paying off Telfer, and amassing cash for Hav capex, as a big thing. Ggp may, or may not, avail themselves of the debt facility, for one reason or another.

I disagree that that posting is ‘one dimensional.’

And you don’t have to read far on this board to realise most, near term, are waiting on Telfer update.

Same mire as you, I suppose, prorata on Ggp.

Thankyou. It used to be the case before Telfer results. Increased banking confidence.

For some of you others, the thinking themselves clever, sniping ones, yes, I continue to have a core holding. The balance will vary.

I mean, for all the talk on here on all sorts of things, nobody yet knows the near term - though I’m presuming it’ll continue as indicated.

Don’t see volume increasing at Telfer, just now. Higher the grade, less production and handling cost,lower AISC, more profit for same effort, and all subject to gold price - on which Ggp retains full upside potential.

All these gold companies operate mostly on the same basis, though some pay for hedging, some don’t. I think Ggp has to, to retain the debt facility.

Done very well, hasn’t it.

Price of gold floats all boats, of them selling it.

I think the paying off of Telfer is a big thing, whilst continuing to accumulate cash toward Hav development.

We await updating on grades and all that from Telfer.

There’s loads of choices, arent there.

As Element pointed out.

In relation to what company controls, we’re waiting, nothing more nor less, on Telfer updates, arent we.

Shorts, Ghana all that is bb fill in fodder.

A small one.

Canada closed £1.30 current exchange rate.

We’ve all got our own ideas, haven’t we.

This Greenland issue is somewhat muddying the waters, in relation to Greenland mining prospects, over the future. Amaroq for us lot on here.

On balance, and taking an apolitical view, after all this noise, it would seem to me that whatever happens, it is likely to lead to increased investment in the island, which will include mining.

I have been posting rather a lot. So I shall desist for a day or two.

I look forward to the forthcoming episode on what Nanoq could mean for the company. It will be positive, as I think will generally apply to updates this year, including a move to the main London market.

All the best.