Member Info for Culpepper

You lot are amazing, arent you.

The price is so far up, yet you have criticism of Bamps. Though he knew what he was doing. On his own forward thinking, on production.

Will ASX care? About the Bamps thing?

Or shrug off an lse poster’s honesty, for himself?

The worried will be up all night. Whilst doing nothing themselves.

‘does it really matter if results come in at the lower end of guidance’

It was Bamps’ point, that it might, for himself as a pi.on sp at a point in time.

That’s it, really, on today’s diatribes.

Well all that stuff, Venezuela and so forth, goes on and on, one way or another.

Best to remain thinking about Ggp, it’s continuing profitability, in its own right.

You know, if you think unknown world happenings, coming and going, have the ability to completely shag your investment in a company…….

We all know, historically, posters here can be fickle.

Not many wanted to take on Telfer. Played out and all that, reinstatement cost, though access at 30% of Hav was paramount.

Seems punters, having got through that, think Mr. Day was right.

And on we go. Despite the posting, from either side, at the time. And nobody has denigrated since - though there’ll be ups and downs on sp.

I mean, if anyone can post the price in say a couple months, and say why, on current published information, it would be interesting.

My core holding goes forward. My reserves, for this one, and others, are ready. That’s usually the case for me.

Treat the usual in the usual way, subject to own common sense and time frames.

All the best for Christmas.

Telfer is not in isolation, as far as eps is concerned. And there are costs, quite reasonably, to extend the resource, which have to be fed in to calculations.

We await updates. It’s still the case that the perceived gap, has to be economically filled across the board.

On that, Bamps’ comment seems OK from his viewpoint, having I suppose, made loads.

His was an expression on a quarter, and presumably sp. As a pi, doing his own research with shorter term in mind.

Fair enough, isn’t it.

Won’t affect institutional investment.

Don’t apologise to me Syd.

You can take the mick out of me as much as you like.

It doesn’t alter the sp.

As I said, I took profit Friday., after the run it’s had.

Bamps did today, and gave his own reasons.

You do as you like.

I can’t guide anybody on price, others try to, which is what matters to most.

You make your own mind up.

Your profit at a point in time, or not.

I’m not wrapped up in this one share.

Happy with dividends, mostly, non exciting, non posting.

Just got the one where I look to capital return, over time, other than this.

You, like some others Nick, been thrown into a tiswas, because a poster took some profit.

Many do that.

Your imagination is getting the better of you.

It’s 40% up over a month.

Everyone agrees shares don’t go up in a straight line.

Maybe it’ll take a rest, or something, as company performance ebbs and flows, and sentiment similarly, after a really good run.

You just can’t tell, can you, for sure on price.

I retain a core holding, with cash reserve.

You just have to treat the usual, or the unusual in the usual way, don’t you? According to your judgment.

Nobody knows what’s around the corner for ourselves, let alone bringing other people’s possible events into the equation.

Well, on that I have a pragmatic view. Are those involved with administering estates more likely inclined to review the situation as it stands at date of death, or drag back over years to raise historic questions?

Of course, if you feel inclined, whilst dead, you can point out the gifts you made.

Maybe. Maybe not.

One, I suppose, might relate to personal experience of own family. I have no reason to have qualms.

It’s easy for me Dip.

I am comfortable, and will continue to be despite shares.

But like most, I want more cash, not necessarily gold, to make me feel free to spend it ( some of my age struggle with that ) on whatever way I wish, and though I’m no philanthropist, but to some extent charitable, cash in your own bank, so to speak, when you depart, is of little avail.

Particularly if those to whom you are gifting receive less than they might have done.

Which might, however it goes, be better served by physical gold placed with responsible, moral people, who do not view tax avoidance/evasion, as a sin, moderating their morality by self interest. I mean, you got 40% leeway on that, anyway, maybe.

All the best for the season.

It rather tickles me actually, that those with loads of money, more than they will ever need, want to keep it in their own accounts, for family, til they snuff it, then reduce their ‘gift’ by IHT.

Obviously, I don’t think Mr. Archer’s wrong either.

On fundamentals, Amaroq is/will be streets ahead of where it was a year ago.

Delivery on revenue/profit, seems all but assured.

With a strong pipeline of projects.

An ideal situation seems to me.

And if they wish, rather than need, to look to funding options to bring projects forward to advantage, that’s fine.

Management have so far shown a constructive approach.

Well, there’s a lot on here, about leaving stuff in your will, and so on, if you’re comfortably placed.

Transferring shares gives others the upside over time. And avoids the scrutiny of IHT.

I still hold ( core )

Though not having made as much as most others, it’s done well for me. There comes a point, when one might decide to spend a little, or help family at a time when they, perhaps, most need it.

I have transferred shares, Friday, and taken a little for myself.

That’s not a reflection on where the price might go.

‘Amaroq has basically executed everything as expected - and more.

The stock soared early in the year on the back of Trump’s lengthy comments on Greenlandic rare earths - fell in the summer as the raise and Nalunaq optimisation dented short-term expectations, and is now almost breakeven year-to-date.

With initial Nanoq assays exceptional and profits to start rolling in next year (backed by record gold and collapsing oil), I’m pretty confident I’m not wrong here.

Just early.

Well, sort of early. I’ve been in it a while, and am up handsomely over the years.

Again, this is the only way to play Greenland - and when government funding comes in as gold revenue soars, it’ll re-rate.

I’ve covered Amaroq in depth several times over the past couple of months, and very recently interviewed Eddie. I encourage you to check the archives rather than repeat it all here.

Just sit back and enjoy the fireworks.’

https://substack.com/app-link/post?publication_id=1504413&post_id=182120524&utm_source=post-email-title&utm_campaign=email-post-title&isFreemail=true&r=4xupfa&token=eyJ1c2VyX2lkIjoyOTg3MjQ2NjIsInBvc3RfaWQiOjE4MjEyMDUyNCwiaWF0IjoxNzY2MzE0ODE5LCJleHAiOjE3Njg5MDY4MTksImlzcyI6InB1Yi0xNTA0NDEzIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.IZ5PnAaqg-yjCIpGlDyZ5zzCUmpQLzzr48H-duL_qFc

It’s a matter of record Amaroq is still 3 or 4% down over 12 months.

Over-enthusiasm then, perhaps, driven by the idea America would buy in, in some shape or form.

Though I can’t see they would, as a govt, be interested in gold.

Still a possibility, strategic metals, and rare stuff, though I note there has been a ‘recent discovery’ of home grown rare earths in USA. Europe may need to think hard about things, with USA no longer to be taken as a reliable provider of all things that suit.

I digress somewhat.

You know, all discussion boards punt up now and then takeover possibilities, and some individuals give their selling price forecast prices, wishes really. To retire early, and all that stuff.

Listening again to the podcast, with Mr. Wyvill as a shareholder, down to earth in that respect, it seems to me that that sort of decision, exit point, becomes increasingly likely to be made by the company on our behalf - a major will come along with an offer to take on, at a time when existing, and more, projects have been proved up. ie if Greenland continues to excite, beyond a watching brief and sharing thoughts with Amaroq management, and Amaroq continues to perform, they will make an offer to make a start beyond what lesser juniors can offer, in the new frontier. With existing management operating on their behalf for a couple years.

If things continue as expected, that scenario seems almost inevitable.

Thanks for that, on your thread.

I believe Zac Mir must have been thinking of Nalunaq.

Yet on what we know, the balance sheet is strong, capex pretty much done, and the mine will become profitable next year, and timelines stand, as seemingly confirmed in podcast. Accepting it will take a little time to work up to steady state at best recovery rates.

The rest, a lot, is a pipeline of resource determination and future development projects, falling into place, prioritised.

I’m guessing any doubt as expressed by Mr.Mir will be obliged to abate as 2026 progresses.

Zak Mir, 11th. November, for whatever it may, or may not, be worth.

‘It has been and continues to be something of a roller-coaster ride at AMRQ, with the company blowing hot on progress, but the market blowing hot and cold regarding timeframes, cost and deliverables. The best rule of thumb here is below 100p = uncertainty, above 100p = hopefully off to the races. We are at 91.5p currently.’

Yes.

What I find persuasive/reassuring, is the structured manner in which this appears to be panning out.

Revenue/profit from Nalunaq to support Black Angel, West Greenland hub, and Suliaq, in the first instance, then both supporting Nanoq, further exploration there ( and elsewhere) to prove up the resource, and mining following bulk sampling as and when.

Eyes on Nalunaq just now, next year, as Amrq moves to steady state production - stockpiles of high grade ore ongoing.

And gold price currently far in excess of that at earlier planning stage.