Member Info for Dip666

Hi Jiffy, I'm not making specific price based targets as I don't think that's the best way forward for me.

I don't need the funds so just want to ensure closing a profitsand whether I slice and/or sell will just depend on how the company and market dynamics constantly change.

I just want to close a profit whether it be a6 months or 5 years but some risk management will come into it if the momentum dies down for a long period. Not adverse to a long term position in GGP but everything is cyclical... always :-)

Outside the company not performing or having any issues it will be the macro that probably dictates any exit - or a shift in approach to my portfolio as I will be moving more towards passive wealth management in future.

I think the biggest driver outside company specific events being positive or negative will be what the sector and markets do that will influence when I might choose to slice or sell.

Right now, it just makes sense to ride the momentum as gold grows increasingly in favour so I have set no target price for slicing etc. as no need for the money but I may favour risk management at some stage for a free ride.

It really all depends on how matters unfold in an extremely volatile and uncertain world... one that seems to be making gold ever more favoured of course.

You can't make long term plans in such times - just be comfortable playing it by ear and keeping a close eye on your portfolio IMO. I'll consider slicing or selling if and when it makes sense in future - not really going to waste any time and effort worrying about the past or trying to predict too far ahead.

Nothing wrong with a plan though - more important things than some value on a screen of you want/need the money to improve or enhance your and your loved ones lives :-)

£10 GGP is really worth about what 38p GGP was in real terms in 2020 when you consider the loss in purchasing power of the pound since - so very achievable.

It's nearer this level I'll feel I'm back to 2020 type levels in terms of what else I could do with the money if I chose to sell.

And $10k POG doesn't sound so far fetched with factors such as inflation and FIAT devaluation in play. Always worth considering what your wealth increase will be in real terms when considering numbers ;-))

@DH - potentially exploration results overnight and the formal quarterly production reporting is what I think is expected in Jan :-)

And Seneca also hold Antipa as one of their top 5 holdings in one of their funds which I provided a link for verification - so a takeover would suit them very well, the firm are constantly pumping a takeover by GGP.

I think checking again as TBF it was a long while ago - it's if the JV is incorporated with a new company formed then the rule applies - but as this JV is unincorporated, it would depend as you say on the terms agreed in the JVA.

Sorry I mean plenty of leverage in terms of WCE & UFO having some 'links' despite the usual ability to veto with 70/30 as not all of us think that Alien has as much autonomy as you might think with the links between the matrix of companies with RS.

From my previous research checking GGP's JV with Newcrest a few years ago - a 75/25 vs 70/30 JV structure is very significant.

As owning 75% majority allows the majority partner to have overall control of operational and financial decisions usually under Oz regs as a 75% majority is required.

The 70/30 split allows the minority partner the ability to veto decisions so allows some control for the minority partner in operatonal and financial decisions, so plenty of leverage for WCE...

Many of us like Speedy's posts Bojo - he's played the property and gold game well, so also has plenty of personal insights too that many find useful.

Plenty of gold bugs here who have a similar narrative that is also echoed widely akin to the Crypto bugs - you could always share or convey the type of information and opinions you find would be more useful than be critiquing regular posters contributions and responses to other posters.

Was GH a villain or also a hero?!

I made him the villain with the Option Exercise and Callum the hero with the ROLR in my little 'Great Land' saga with the disclaimer it wasn't clear how much of a role either played in each - but the allegory would reflect PI sentiment.

We'll perhaps never know but GH was the kind of wheeler dealer GGP needed in the early days to get to a point someone like Shaun could come in to grow the company.

Shaun has the connections, strategy and skill set to grow GGP - would he ever been able to take a seedling though and traverse the more seedy side of AIM - I think not.

Each is an excellent operator in their own environment but in each others they'd be fairly ineffectual IMO.

Did GH need to make the decisions he did around his exit and cashing out, probably not - but was it that same sly, self serving cunning that helped bring in teh speculative money to keep GGP afloat before Hav was discovered. Also - did he (and Callum and rest of team) need to make the decisions they did to close a JV with NCM instead of NCM choosing to let GGP fend for themselves trying to prove Havieron up.

The JV itself before it soured was amazing - the beauty of Havieron was quickly unveiled with their resources and money in 2020 providing a hell of an opportunity for a quick payday - it wasn't all bad :-)

@E1 - I'm sure I made that comment as a general observation rather than singling anyone out mate :-))

We were all guessing blind to some extent given we didn't and still don't know what the small print was around the specific metrics to be adopted - Berenberg had an upside of $228m I think for FMV under the Option Exercise, don't quote me on that but I will have a copy of the note saved on my hard drive.

I can't even remember exactly how I got to $65m for my conservative guess for NCM valuation winning (turned out theirs was lower still!) when making my guess in that small TG group we made a friendly wage in and my upside was $170.8m, so around yours. By exactly I mean why I chose the specific conservative values and particular methodology from the two I had adopted.

As one of the lads in that group pointed out when my valuation came closest to the real outcome - not sure I'd actually 'won' anything given the actual value of $60m lol

I only kept notes describing each methodology in general - not the reasoning for using each value I decided upon, big oversight there really as looking back now a few years later... that would have been useful to help recall the detail... but I doubt I thought I'd still be invested here at that time!

In hindsight I have no idea why I felt so arrogantly confident putting in the very large sum of money I did in Jan 2020 into GGP thinking I'd learnt enough reading up in a couple of months about this sector... given what I've learned since about how little I actually do understand - and realise now what an absurd risk I unknowingly took :-)

I'm not the sentimental type where I'll ever want a Hav coin unless we get a huge discount but GGP has added significantly to my retirement portfolio, so it's been a very special investment, as much for the community aspect of getting a win over the big boys by combining many different skills amongst us.

Being proved right about what I might have thought back in 2020 is not a big concern for me - been happy to own any mistakes and reflect on learning points. Which seems to rather irritate certain fools who criticise me and seem to think you're not suppose to change your mind about anything you've ever thought.

The point of all of this was to make a big juicy profit to help enhance future retirement - and that goal has been achieved with style - it's now about how much profit, not whether 'this' will work out.

I don't care if people think we've been lucky or clever as LTH, winning is winning and we won big time on AIM of all places :-))

Unfortunately I too feel the States is in it's dying throes over the next few decades.

Empires grow and Empires fall - thus it was and always will be.

You get content, you get fat, you get complacent and then it's just too late.

Some one questioned my thoughts on what is an iron hand being shown by ICE to illegal non-citizens in the States being reflective of that same iron hand PERHAPS being one day turned against the citizens and their civil liberties?

Again - history disagrees. When such mechanisms and processes are created they can soon be turned upon everyone as those who favour control, usually favour it indiscriminately.

I'm neither some loonie liberal type or radical rightwing type - just observations from past history - I have no vested interest in any narrative from either polarised camps of thought.

To be locked into the thoughts of any ideology is to be in a prison and I my friend wish to fly free - just like Ace's Eaglehawk spirit animal!

@Doozer - the pendulum of power tends to swing to and from from east to west over the centuries.

Globalization / Decentralisation swings aren't just contained to this dimension, I've seen them play out in a global corporation I worked in twice over a large gap of years.

History is cyclical and tends to repeat itself.

Comms Comms Comms....

Lack of ability and/or desire to articulate the company strategy is an issue here given the weak and heavily incestuous partners in recent deals.

You come onboard a new company in a key leadership role, serious investors want to understand and appraise you, not just stare at a pack of slides. Especially with a company with the utter mismanagement of portfolio and projects this has evidenced in last few years...

Even better an interactive session where they can ask some questions, perhaps even live.

Certainly didn't hurt Shaun Day on his commencement as CEO at GGP did it, and look where that AIM listed Oz based company has ended up and where UFO is in a similar period of time.

Good job that a potential supercycle is ever more apparent so the dumb money will be drawn here though eventually, so I am optimistic ;-)

Not my area of expertise mate - I'm sure there will be plenty of coverage and opinions as news spreads but seems to be what the metal bugs were expecting to play out...

They'll have to ask Speedy to sell some of his to them at mates rates ;-))

Well, that's got to be due to scarcity of supply you would think.

I saw someone post on X that Antipa is one of Seneca's top 5 holdings in it's Seneca Australian Small Companies Fund so I've checked online:

https://senecafs.com.au/wp-content/uploads/2025/12/Seneca-Australian-Small-Co-Fund-November-2025.pdf

So... a takeover narrative would certainly offer them a quick return :-)

'Interesting' article from Benny with the er... telfer is a lemon, doubts placed on extending LOM, narrative lol

It's almost as if Seneca have something to gain as shareholders in Antipa from a GGP takeover vs finding themselves stuck with a lemon as Antipa works through it's Orphan Period winning the market back from a quick takeover to serious focus on production change of their narrative.

GGP has all the time it needs to pick and choose what deals or strategies best fit its Hub and Spoke model from the potenital 'spokes' around Telfer - we'll see these kind of narratives harder to pursue by H2 as the updates come out for Telfer in the next 2 quarters :-))

I agree sageman - Many PI's are going to enhance theirs and/or their loved ones lives with the large profits many of us LTH are sitting on at some point or some will need the funds for less fortunate circumstances. As I say, pat anyone slicing or exiting on the back and congratulate them. The register will get less volatile as insto's increase you would think.

I also think the current rise is being fuelled by a general lift in sector, call it The Trump Effect perhaps lol

We still have company specific catalysts due in H1 if delivered in such a hot gold zone will also propel us further along- fingers crossed.

Just a natural stage of the evolution of GGP... so why some get all shirty and paranoid/fearful is beyond me when others talk of slicing or selling - lack of market experience perhaps making them fearful this will result in some huge pullback from the diminishing retail base.

The young man posting this morning may or may not be a genuine poster, but what did a minute of my time to signpost him and his family to the National Bereavement Service cost - if he is legit they'll get help they need and I've put some positive energy back out in the world . If not - I wasted a mere minute of my time, big effing deal.

I sure as hell am never going to be ruled by fear and paranoia - never have - never will and suggest some folk here if secure in their research chill out a bit and relax :-)

Interesting change of narrative from a long time sceptic of any 'conspiracy theories' StarBright - wondering if ure taking the mickey actually?!