Member Info for Culpepper

The gold price will where it goes. For all gold producers and sellers.

One hopes it will continue to go up, to all producers benefit.

Ggp will provide its view on Hav, v AISC, for 2028 plus commercial production.

At the moment, I think it’s down to Telfer grades and mine plan on that. Increase of profitable resources, regardless of next quarter figures, somewhat anticipated.

On the FS, as a middle of road view, I think it fair to say everyone thinks it will lead to an increase in share price.

I do not say it won’t. But I have yet to read any comment on here to say why that would necessarily be the case.

Most here, been down the anticipation road before.

And with no, it seems, any foreseen opportunity to take advantage of a raise.

If you look at the listing process, new shares were minimal, 10% of company shares, provided by Newmont to facilitate it, were bought up.

They always wanted out. Others wanted in, and in bulk.

There’s a wider picture, other than ASX v lse, where some choose to stupidly pitch it.

That’s good then, I suppose.

We’re all looking for ‘passive’ index buying.

And don’t like sellers.

Maybe, we hope, long term pension funds will join, with no gap and Hav in mind.

In a nutshell, the difference is ASX will get RNS, as expected, before LSE.

And hence follow the news in sp terms - again, as expected.

Don’t get the point, really, of all that. Nor the wishbone thing.

Non material comments.

Ggp stabilised and doing alright. People buying it on both bourses, so so much for liquidity comments, and mms both sides won’t welcome opportunity to arbitrage.

Ggp will go forward with sufficient buyers.

It’s not as complicated as many make it.

Sorry. 450 tpd.

“you can have different view on our capability of ramping up”

For completeness, though most here will know, the initial target used by Mr. Olaffson is 300 tpd, so one can perhaps extrapolate results from his example if and when they get to the next target of 460tpd during 2026.

“Once full ramp up is achieved, the Company will provide its outlook for the full year run rate in 2026.”

So, you know, I take the view that those investing millions have a better perspective longer term than ‘punters.’

And for many different reasons, Amaroq is rather unique.

There’s no such flight of funds from Amaroq in the primary market, those actually putting money into the company, directly investing in it, rather than speculating on the secondary market. As recent funding rounds have shown in mid 80p’s. Including pension funds, long termers, and insiders.

As we’re getting towards it, and there being no published guidance as such, I quote what Mr. Olaffson said on earnings call, last November, for 2026, as it would relate to funding operations. And they are still stockpiling.

“So we haven't given guidance. But if you look at the dashboard, you can look at -- you can use these 3 parameters. So you have we are looking to be at 300 tonne per day, 94% recovery, and then you can either use 12 gram or 16 gram. If you use 12 gram, that should mean 40,000 ounces annually. If you use 16 gram, that's 50,000 ounces. You then say that times the current gold price and that should give you somewhere around USD 130 million for that year. And then you run your all-in cost, which is CAD 5 million to CAD 6 million, call it, USD 50 million on an annual basis. So that's kind of -- you can have different view on gold price, you can have different view on our capability of ramping up but that's the dashboard that we're working on. So that makes sense.”

Next up is revenue/profit to fund it all, and Suliaq provision to new entrants.

Update 14th. August on that I suppose, and a few quid in from the intention to have conducted weekly gold pours.

The size and diversity of the planned campaign, in the new mining frontier, including gold resource enhancement, seems to have created early interest today.

I imagine it may provoke pundit comment.

https://www.lse.co.uk/rns/AMRQ/commencement-of-2025-exploration-campaign-4sl6jn4fb4o6oey.html#:~:text=Commencement%20of%202025-,Exploration,-Campaign

I, like many, check the price of stuff I’m in at least daily (I won’t confess to more!)

This seems rather stuck to what I consider the downside. I think there’s a reason for that, as previously expressed.

But, you know, I have always held, with a bit of fiddling about - and I think things will change dramatically in company terms with commercial production. I have no reason to believe that will not be reflected in the share price.

All the best.

It’s neither ‘standard’, certainly by suckers up on here, nor badly written.

It’s concise.

As a ‘leader’, Hydrogen/Element will say. About what I expected, sort of. Never made a forecast, on production or result on sp.

Told you so. It was front run, as I said, but they still have to catch up, so I’m still right.

Blah blah.

And then FS, and years thereafter.

Don’t matter. It’s in the sp.

They watch it daily ( I do ) though they profess not to care.

Just a dope as a poster, you understand.😝

You’ll be my first port of call, Victor.

You dope.

Request denied, Malcolm, factually.

Though I’m finding it as boringly wearing as most.

So up yours, but I get your point.