Member Info for Dip666

Yep - same as E1 - The macro will be my guide in how long I stay here in the main outside negative company developments of course - but as long as the Big Boys are rolling around in the sector stuffing their snouts, I will be too.

Using utensils and exercising good table manners in my case though!

The mCap reduces by the amount paid in cash divs to shareholders on the ex-dividend date.

Not a chance, he's terrified of her lol

Twiggy should be a happy man with investments in both Regis and GGP :-)

And below also is what was said in eth webinar - not sure how GGP can give more clarity than they have given they don't control the EPA processes.

For now I would use the base assumption that the EPA approvals will be gained in mid to late Q2 to be conservative and then use the Indicative development schedule (page 35 in presentation link) from that basis to estimate the potential development timeframe.

https://www.ggpchat.co.uk/viewtopic.php?t=1220

*Unheard of. I just wondered if there's still a requirement for formal Havieron confirming a decision to mine at Havieron and Telfer for that matter and if so what over what time frame.

- Yeah, look, I I think firstly just to acknowledge I think that the team did an amazing job at getting the tone right in that feasibility study and even the you know the the kind of 100 page kind of executive summary that came with it I think had a lot of information I think again got the tone really right in terms of how it was engaged by the market and we had some really positive feedback there which I think was all part of that very positive market reaction in terms of you know the the broader sense

- when we do get EPA approval which remember is still a gateway a gating factor for us I think then will we will be in a position to do a final investment decision and that feed will I I expect be a separate announcement

*Stuart Wilston asks about your EPA announcement so when do you expect that and explain what that's all about

- yeah look in in Australia we now have two EPA so there's a little bit of duplication and application at the federal or commonwealth level and at the state level. Um, historically it was only done at the state level until relatively recently. Um, so look, we are well advanced with the the state EPA approval. I think that's well in hand.

- Um, similarly progressed with the federal that typically in Australia takes a little bit longer these days. Um, so we are advanced there. Remember Newcrest started this in 2021. So it's a four five year process but we think we're definitely in the final phase.

- we took the approach in the study to to describe permitting plus one permitting plus two because we didn't want to be definitive about the government approvals albeit we're very confident that we'll get both and and all the necessary approvals by by 30 June 2026. So kind of in the next kind of six months albeit as I said we are trying not to be definitive but equally we're trying to be open about where we currently see it and we have a good relationship with both the state and commonwealth EPAs and the feedback we're getting right now is is very positive.

- I think also importantly when it did go out for public comment there was only two submissions made one by the indigenous group which was supportive and I think getting a supportive submission from the indigenous group shows that the maturity and the quality of the relationship we have there. And I think that's reasonably unique to

@Tom - as Lee just pointed out the EPA's are the milestone that require completion BEFORE substantial work will recommence and the Hav project schedule in the DFS is based from those EPA approvals being gained - Slide 35 in the presentation (link below).

Presentation:

https://app.sharelinktechnologies.com/announcement-preview/asx/178d596ce0516688dc32115e927f687d

DFS:

https://app.sharelinktechnologies.com/announcement-preview/asx/9fe24db59c226fd0f47738c93408daa3

The loose guidance we have been given is to expect them in H1 as of course GGP can't be definitive about this kind of thing.

From those being completed you can look at the project schedule to ascertain what the likely timeframe is for development into commercial production.

As a producer, I do feel that increasingly the effect on SP of development projects will possibly be less volatile and perhaps a more gradual build into production, so the value grows in terms of 'proximity to production' as such. The closer we are to production the more the value will have been gained in mCapn vs more volatile swings as an explorer... guess we'll find out in the next few years :-)

Dividends are not imminent is pretty much the reply Shaun always gives when asked by PI's - as he did again in the webinar before the December TH :-)

https://www.ggpchat.co.uk/viewtopic.php?t=1220

Excerpt:

*I I wish you hadn't said that. That's an Australian phrase, is it? Very good. Steve Bridge, David Love, Aken Kumar ask about the possibility of introducing either dividends or share buybacks once Havieron is fully funded with Steve reminding us that you're a dividend kind of guy.

- Thank you. I I think I have used that phrase before. I am a dividend kind of guy. We had a dividend at Straits. We had a dividend at Sakari. We had a dividend at Northern Star.

- Look, our first port of call is to make sure we're fully funded for Havieron. We're a long way down that track. We want to obviously have a buffer as well but I think look share buybacks dividends are a really important milestone and I think it's a good discipline of equity to understand that we should be returning money to to equity holders.

- So it's something we aspire to do. You know, to be open with you, I don't think it's imminent. We need to make sure that we are fully funded for Havieron and we probably want to be put in a position where we don't feel we need that debt.

- But yeah, you know, again, tell me the gold price and I can give you a better indication on timetable, but it's certainly something we clearly aspire to do.

If this position changes in the short term - it will be because major shareholders and insto's push for them as RA and others intimate - but I imagine they are more than happy with mCap growth to date currently. I'm sure Shaun nods and looks very earnest when PI's make their suggestions to him and intends to run them past the BOD at the earliest opportunity - or perhaps not :-))

A lot will change in the years ahead as the company grows - if the Town Halls continue, it may transpire at some point that PI's are just meeting Rowan in person rather than Shaun and Shaun may well be off running a major in 5 years or in a senior role at Fortescue etc.

Nothing is ever constant.

I think gold hitting $10k quickly would be more likely with hyperinflation in the mix, but slower through just FIAT devaluation.

Irrespective - I doubt whether $10k gold would be a good thing overall really but GGP likely a good place to be invested if that is where this crazy world leads us :-)

Nines been cast as Bruce Spanner in the The Incredible Sulk - bcos you really don't want to make him angry, you wouldn't like him when he's angry - he'll be turning all mean and green AND... writing to his MP using all kinds of strong words about the laws being broken by LTH on here!

As for Plode - poor witless bugger has imploded from all his utter dross - tis a sad tale indeed.

If asset prices start getting to the really crazy levels - isn't this also partly likely due to inflation becoming steeper, FIAT devaluation becoming increasing factors?

So, more dollars required to be paid than today for the same services and products?

Hence in some aspects the ASIC may rise too - but as long as profit margins increase because of sky high asset prices outstrip those relatively - it's all good.

Of course - we still haven't seen a thorough evaluation of Hav/Tefler being co-processed as the DFS was standalone- but we need that data when it comes H2 onwards - and we need to consider the ASIC may (or not) be higher alongside higher asset prices in any calcs.

Who cares about your 'trades' Freddo, you've been lying from day 1 from everything about your entry point to your so called average and buying in the raise - you're fooling no one :-))

Only thing I will 'own up' to is I will be launching a new tribute site 'Freddie'.

www.TheRealFreddo.com coming soon!

When it comes to buying or selling in all fairness E1 I listen to nobody but myself so whatever Iinfluenced me was internal than input from anyone else ;-)

The buy out scenario was a probable one of course but one regret I do have is that I didn't sell after realizing the option exercise was going to be loaded against GGP and still be treated as valid by market. Lack of sector knowledge there but surprised no one else saw this possibility.

I came up with a guess of winning valuation being $65m USD by NCM though not GGP in a small group I was in with Rational Assessor around another stock when oressed. I'd run some calcs in a spreadsheet using various methodologies than a random guess, some came out lower may I add based on more conservative metrics, albeit no expert of course!

I really wish I'd come across the Valmin code and studied valuation methodologies in 2020, had I done, I wouldn't have hesitated to follow original plan of selling post MRE but again I can mean on being new to sector I guess at time :-)

It is what it is but I see no geniuses in the community when it comes to SP predictions or trading and suggest folk take accountability for their own decisions and building knowledge in this area.

Certainly not Freddo or Tymers lol

Cut me off:

trading is you and you alone it should have finished!

Most of us LTH have got it wrong at some point:

- ignoring the Orphan Period was about as dumb as it gets for instance on reflection

- assuming much as GEO and WSBN type punters do that it's easy to find another Havieron in the Paterson

- once it was clear a sector slump was sticking around to not act upon it and save profits, minimise losses

- plenty of us thought there were levels the SP could never drop below due to the fundamentals being 'special' with GGP, they are - but sentiment rules on the markets

- I recall some thinking that the 5% option exercise valuations would be much higher... despite Shaun's warnings about the non-public

- plenty buying in at near highs or doing the 'buy the dip' thing

TBH I could go on, that is just 30 seconds of brainstorming - but I always focus on where I went wrong, more so than what I did right to try and ensure any in that list that I made will not be repeated.

All this, despite the one of a kind research and collaboration approach seen on this board, which won't ever be seen again I imagine :-)

GGP is a new producer with development aplenty to both benefit from and also be seen as a risk (albeit financial risk seems to be minimal now) - volatility above and beyond a more established Goldie will be par for the course IMO - so we get the best and worst of it as such as we continue our journey to grow into a fairer valuation.

But the market runs on sentiment is always key, so that means the sector and wider market could still work against us like any stock, likely it will do if you're talking holding GGP for decades. But for now, the Supercycle scenario certainly seems to be building momentum so I'm definitely playing the Moving Target game with a more clinical approach than 2020.

I know some will be stressing a bit about risk management or not given last few years not but I personally feel the best approach is to play by ear, assess quarter by quarter unless big events in markets or related to company swing the pendulum one way or the other - a more agile approach and also less stressful. No-one and I stress no one can predict 10 years ahead in such a volatile sector - especially in such volatile times.

Most of us didn't expect the guidance miss earlier in year and we didn't expect this result - says it all really about always being cognisant about teh danger of acting like you know it all as a LTH :-))

As for those slating Bamps, again I'll remind folk of all he did to keep us informed and aware of the potential over the last few years - absolutely priceless IMO as has been his help for those of us wanting to learn more about assessing drill assays and other exploration companies. Majority of those delivering the most spite towards him have been of no particular value as posters over their time posting on this board - many being indeed the most poisonous snakes.

Think of people as 'subject specialists' and focus on listening to their input in those fields - trading

I'm sure as a shareholder he'll be just as happy as the rest of us that his concerns didn't translate into production issues :-)

Let's not forget all the amazing work he's shared over the last 5 plus years to keep spirits up during all the tough times.

Can't blame him Panama, he'll have a lot of options when his locked-in tenure ends at GGP - :-)

Wouldn't be surprised if Twiggy has other plans for him in his empire or a major comes knocking - not the same being a founder and MD of your own company than being a CEO running companies IMO.

When I worked for others once I wised up, I learnt it was more about my own personal brand that i carried forward to other roles vs running my own business is was very much a very personal endeavour when the company or nowadays any consultancy work represents my personal values in many regards.

Hopefully he remains but I'm sure any potential replacement will also be very competent - but as long as I see more growth during his tenure, I care little presently :-)

I'd say £10 (50p in old money) currently is roughly equivalent in £ buying power to the old 38p in 2020 - so that's the level I have set for being back to old potential gains accounting for say 25% less buying power in 2026. Mind you we only hit that 38p very briefly :-)

All good though - if a Supercycle plays to form over next decade then we'll be sat here very happy I imagine :-)

Why don't you share this deep analysis loony tunes?

I know people who joined your TG group for a VERY short time, leaving soon after finding you and the other muppets running it arrogant and full of you know what.

Feel free to share a link if it still exists goven you couldn't grow the group beyond 5 people... I'd love to pop in and have a chat considering you didn't attend the TH last December... of if you did, failed to challenge anybody but your own shadow.

Cossed threshold the same day as AGM

It was the 'Wolf Moon' a couple of nights ago - explains why Dumb Wolf is plaguing this board 😂🐺🌛