Member Info for Dip666

@Unimaginative many who sold out put the money back on AIM and never really profited.

The clever or lucky ones harvested their gains, bought houses etc.

Everyone from that wide spectrum from troll to ramper to some extent was wrong as if we were to end up taking nearly 10 years to get the same ATH as you might have got in 10 months isn't clever, that would represent approx. 20 percent of my life...

But the trolls as such said this was a no hoper and money pit of ruin.

No one and I repeat no one has been able to predict the SP or fortunes accurately in short term, realised the company was running near empty or recognised that the option exercise would be treated as a fair price discovery event.

We are where we are again thankfully and we can all play our own strategies out and profit from this whether it be in a year or 10.

Risk is still there as with any stock and markets are cyclical so good times follow bad and so on....

And time is always moving in one direction so we can only ever move forward.

Lovely to see many folk back in profit but we have to own our own mistakes in past and move forward making and owning our own plans.

We should celebrate the present but never forget those who fell on the way and learn from our mistakes but move forward positively as a community as we all choose how we decide to profit from this wonderful opportunity.

Hi Jet - TBH - many LTH who came in post HAD05 like myself could have cleared higher in just 10-11 months invested in GGP - but I took one of those um... 'short cuts' that end up a wee bit longer :-)

But the other side of the coin is that the possibility of a higher relative ATH SP is seeming more and more in touching distance and I was lucky that I never needed the funds. Many have not been as lucky sadly during the last few years and said goodbye one way or another - so this is one example where luck I feel has played a part for many of us.

My father would have been in profit again were he still here and would no longer have had the ability to question my undoubtable brilliance as an investor... I swear he was almost happy to be sat on a loss as tight as he was to be able to get one on me lol

Of course with the markets - one should never ever get complacent and I have one eye open even while napping ;-))

Nice idea JSP - I should have a word with Donald about themed Town Hall events... I'd love coming to one dressed in flares, half unbuttoned flowery shirt with a huge gold medallion around my neck in proper Bollywood 80's style lol

Good meeting you too JSP or Mr. Bloomberg as I said I'll refer to you in future :-))

I forgot to suggest you would have to do a karaoke rendition of my choosing if your TA forecast targets aren't met 😁

I'll have to move my expectations up for next couple of quarters the way we're going towards £5, seemed a distant possibility 12 months ago but here we are...

Notes from GGP 2025 Ticker TV Q&A Webinar - 11 Dec 2025

https://www.ggpchat.co.uk/viewtopic.php?p=6975#p6975

Freddie - you were unhappy when the SP kept dropping blaming LTH who believed it would continue to rise again of ramping... so we believed it would never drop as low and continued to hold. We went from that to holding for a recovery realising as it got lower it woudl be a longer journey but having faith in Shaun to deliver.

You could have minimised your loss by following a 20% stop loss and then holding off on buying any GGP till the deal to have an even lower average but you held on too and added here and there.

It is what it is but P&D merchants don't stay on the chat boards and meet regularly at company and privately organised events- they disappear after the pump!

It's in his posting history Freddo - I recall TomE selling a chunk at highs and other LTH such as Red slicing too to secure early retirement and good for them :-)

I was still in my youthful 40's in 2020 - else I might have been thinking a bit more like that and I think I said that I felt the SP shouldn't drop below mid 20's so would 'ride my luck' as brownfield nature of project would make Orphan Period less painful...

Well luck kicked me in the balls, poked me in the eyes, shoved me around and kicked me up the backside for good measure :-))

Still - here we are with a rare 2nd run on the golden runway alongside a few more PI's who've managed to lower their average like you or join the party since the deal benefitting too.

Luck or not - can't say I care but I intend to enjoy the journey ahead :-))

I agree RA having just spent the best part of 3 years almost now dealing with Probate (finally in closing stages) and I actually managed my dad's property portfolio fully since my mum passed in 2015 vs the shock of suddenly being in charge of their properties and having no experience of being a landlord myself as a lot of legal responsibilities these days.

There needs to be pre death planning to minimise IHT and post death planning for your executor and benefactors to easily conclude Probate where IHT is due. Any business needs succession planning discussed beforehand with executor and ensure they have support and access to skills and knowledge if not in their skillset to keep businesses running etc.

Another example - for those with a house and/or land abroad in such countries as India.... seriously think about selling them while alive as my dads was on sale so he could then spend the money on charitable ventures in my mums name in the village. My aunts and uncles decided to make a claim so I have also had to deal with fake wills, corrupt police, land registry docs, solicitors, criminals and bribery. It would make a good film or book script!

Myself and two brothers are not the kind of guys who should be crossed and their greed still compelled them to try - common story for many of us with parents from abroad. A family friend in India however was amazing and we dealt with the corrupt buggers and I've managed to almost complete the work my dad had promised on the 2 temples in the village and to build a small house for a poor family who looked after the family house despite the costs accrued through my corrupt family members actions.

There are a lot of financial and legal responsibilities an executor assumes in large and complicated estates and IHT is due 6 months from death from a calculated estate value, either fully or you agree an annual payment plan (very high interest rates) and matters can be complicated if you are unable to gain probate quickly if you need to sell property etc. to make those payments as you also get penalised for missing the annual payments too.

My parents went unexpectedly and suddenly at 63 and 71 so thought they still had more time to set everything in stone. They also hadn't dealt with UK probate as their parents were all in India so weren't aware of the complexity.

My advice - have those difficult conversations and make those difficult decisions while alive and set plans in motion for tax planning and succession to leave less stress for you benefactors.

There's always a lot of emphasis on being loyal and a LTH on chat boards but you can just take the measured approach of evaluating your position every quarter as a company matures. Takes a lot of the stress away from 'planning' constantly and it is how corporations plan and strategise too.

And there needs to be a distinction between making wealth and retaining wealth too...

I took massive risks to gain a decent level of freedom and financial security at a young age, risks that were insane and no one believed in me, thought I'd gone bonkers when I could have had an easy career, but the thought of that life made me ill as did having to compromise my core principles that had already been tested.

But I knew if I screwed up I could sweetalk myself back into a corporate job and begrudgingly rebuild over the many decades left to me at that time.

The point of taking big risks to get ahead is once you get ahead you do to some sense harvest your gains and set a stable and robust foundation just like Shaun and co are doing for GGP.

If the bulk of your net worth is in GGP and you get to a point of significant 6/7 figure values once the growth period abates, then in truth it's time to diversify than think it's safe to leave it all invested in a single mining company.

That's not me speaking, that's generations of wisdom. I'm not suggesting anyone slice or sell in short term but in terms of wealth planning if GGP represents a bulk of your net worth in the future, hedge your bets a bit and think about long term fiscal security IMO.

Speedy, you've got the best form of validation for your opinions mate... you've been around longer than many of us and been very successful so I am sure plenty of us are considering your opinions as the voice of experience over many cycles :-)

Shaun has used the phrase financially responsible in regards to M&A from day 1 and given his background he won't be going on some crazy spending spree I would imagine.Deals too good to pass may however present themselves. As he said in regards to potential assets divested if Barrick acquire NSR, the interest would be there but unlikely.

As anyone working in business strategy and management and/or running a business soon learns, one of the biggest risks in business is uncontrolled growth, it can collapse a business in a very short space of time in various scenarios if you haven't built a solid foundation. The corporate debt facility is an example of contingency planning but also forward thinking for potential opportunities.

Whether Shaun or other team members are here or not in a decade, they've all helped build and maintain large organisations and will be focused on building a robust and stable foundation both during and beyond their appointments.

Bigger and faster are not always better in business :-)

One point for consideration is say the share price is £10 in 2 years - will the buying power of £10 in 2027 remain twice the buying power of £5 in 2025.

Of course, as long as you're wealthier in real terms, perhaps the actual ratio doesn't overly matter ;-)

I think the point was more about picking arbitrary numbers out of the air perhaps :-)

I'm just evaluating performance and setting my own expectations for what I deem as good in smaller chunks of time as the journey progresses to ensure vigilance and avoid getting ahead of myself this time. I always like to enjoy days like the few we've had but I ensure I am remaining calm and rational now, it was easy to get carried away from always combatting the trolls on here and elsewhere.

The hype last time was obvious in hindsight when many of us had family and friends wanting to pile into GGP post maiden MRE but also into the markets in general with FOMO seeing the returns many made during lockdowns, and of course then the bubble burst in general outside post scally results and the other hurdles we faced here.

This time it's not more retail piling in I presume so dynamics will be different and we should also have learnt to focus not just on the stock but the wider market conditions. We also have key updates coming near term unlike betting on scally hits.

I wanted to commit to this calender year after the deal and has worked out beyond my assumptions as gold price did better than I assumed. Moving forward my plan is to keep a quarterly focus setting my personal performance targets as we go along as the key updates will align with quarterly periods.

Alongside ensuring I focus just as much on the external factors and make those assumptions correctly unlike 2021 where I bought into the sector slump being just a blip from perhaps listening to too many kitco experts pontificating on YouTube ;-)

Whether your stocks suffer a downturn or upturn, just try to keep calm and rational I think and keep a read on the company and the market but definitely looking like a good 2026 ahead ;-))

*good not food but I am starving at mo 😀

@Dh more than one entity playing around with any stock mate and they've just gone under reporting threshold unless I missed an update :-)

There are still opportunities to play with GGP for instance until Telfer updates prove extended life of mine and FID milestone reached for Hav. Doubts can be raised unless you have industry standard data and studies to back claims there will be no gap, extended mine life etc.

Those updates in H1 are important in more ways than just SP impact in general, the further integrated mine plan shared following those will set the complete picture out there for short to mid term for the market in no uncertain terms

Some folk were disappointed with DFS SP effect immediately afterwards as you might recall from a response to a post I made :-)

But forgetting that it's an important milestone in getting Hav into production, proving financial viability to stakeholders and market AND adding commercial value to the company, very useful to help protect the company too in some scenarios.

Don't let the games take away the focus from 2026, if those key updates come into strong market conditions for this sector, I fail to see how we won't see more ROI next year.

I wish more folk would enjoy the journey ahead, we've had some really challenging years so it's food to be where we are heading into next year.

They're definitely getting a dose of reality as the management now have to get more realistic and definitive moving from scoping studies to pre feasibility. I found their approach completely slanted towards a sale sign Vs showing any intention of retaining an involvement towards future mining, they'll need to change the narrative and perceptions I market for sure. Did they play too strongly towards a short game?

The HC forum guys sounded like we did when we had the Newcrest JV that there could be no viable scenarios to challenge quick shareholder returns via a sale or delays to production timeframes.

Does GGP even 'need' Minyari and why do they need to move quickly while Antipa do the usual junior task of funding more exploration is a new forming reality. The ROI will be more assured and proven in future even if the price tag slightly higher than might be picking them earlier.

Hi mate - yep as I said volatility might be more positive in general terms pushing more towards goldies and the more likely effect I'd think :-)

And I do my best to keep an understanding of the more technical side thanks to yourself, Bamps, Paddy and a few others - albeit times been more scarce last almost 3 years having received one of those large seismic shocks we all get throughout life, although normality is now returning somewhat to my life.

Bad news for any trolls perhaps :-))

Totally agree a lot of upside should be coming through and largely identified through the work you more geo guys do in the community and the loaves of bread rather than breadcrumbs Shaun is spelling out.

I just think a fair few are going to derisk or exit whatever any of us say and we should as a community celebrate it than get defensive at times. If i were pushed to try and guess - I am very very certain I'll still be here in a few years still invested to a large position and at the very most I'll only have derisked to a free ride. Based on my average - I won't have to sell many shares to do so as SP increases most likely, again feel very lucky to be in this position.

It's the conflict amongst good decent folk that annoys me more than the trolls in truth as people sometimes show a lack of empathy to each other being too ingrained in what is best for them suits everyone else...

It's fun tormenting the idiotic trolls :-))

I don't thank anyone has to agree on here on one particular path - we'll al have our different needs and strategies :-)

I think as long as the macro favours being invested in goldies, GGP should be one of the best places I'm aware of to own shares if they execute the plan that Shaun articulates so well and continue to increasingly win the market over as they mature. The £5-6 range for me is what I expect them to achieve as a minimum I should add having seen E1's post as my minimum rate of return in 2026 but this number will firm up and narrow and hopefully increase as 2026 develops :-)

If of course we were to end up in a lull during 2026 and it's not delivering what I consider a decent return given what I think the updates will project. I very much expect it to be an easy decision to keep invested on my current read.

But targets and forecasts need to be reappraised as conditions change if 2026 is volatile - and volatility might be more positive for GGP too of course. One thing is certain - PI's selling or slicing won't affect anything now - insto's and sophisticated investors will happily snap up the shares in this environment.

Some people have no desire or lack the time/choice to wait for higher prices based on their own/family needs and plans and its just natural for some to be slicing now, it doesn't either influence my plans nor should it incite any fear as it doesn't mean GGP is a bad investment or won't continue to grow.

As I've said before - congrats to anyone who meets their personal goals and decides that is it for them. At this stage and moving forward, you celebrate folk getting what they want IMO. I do think there is a lot of potential growth still ahead and I do have the lucky position of not needing my GGP funds whatsoever - so I feel very lucky.

What makes one person happy is not always what makes another happy :-)

@speedymeadie The riskiest game in the world is a game of poker with @acechaser - make sure you insist he pulls up his sleeves :-)

Worked it out, LSE cuts your post off using a less than sign....

How much is 'enough' - that is where many LTH amongst us are now :-))

Would like to think £5-6 range is broken significantly given how we're ending the year and then maintained during the course of 2026 given that we expect good updates for Telfer, WDU and Hav FID to be granted in H1. But GGP SP likes to surprise us when we least expect it Tom :-)

For a junior the FID to commercial production is the Pre Production Sweet Spot (PPSS) that we have stats for from Lobo Tiggre's studies - but unsure how the PPSS will effect us as a producer... my assumption is that Hav may feed into mCap during the PPSS in a more stable manner than juniors perhaps experience due to large retail bases of shareholders with

There are plenty of good reasons to both hold onto GGP Shares or also cash out at levels that are 'enough' for you to secure your loved ones though Tom... and you picked up a nice chunk of shares giving you 7 figure returns making it possible to look after them without hoping for the larger numbers :-)

Charles Archer is getting grief from some for wanting to semi retire by when GGP hits over £5 by selling some of his shares, I've chatted to him in his TG group as have others and it is so he can have a great work life balance while his kids are still young. And he actually believes much higher SP levels are likely but he has obviously decided what is 'enough' so he can have a quicker path to a semi retirement, enjoying time with his kids whilst both he and they are young.

2026 could be volatile again, QE seems back on the agenda but a market crash is a feasible scenario and how quickly or not miners then bounce back is up to each of us to consider.

The question for many of us is how much is 'enough' if we plan to slice and/or exit based on our own strategies - not where the SP might eventually reach in 10 years plus.

The 'reward' from GGP doesn't necessarily have to be maximum financial gain, there are other rewards such as:

- an earlier retirement

- great work/life balance

- and in your case security for your family in planning for them now rather than leave to chance.

It's a very nice problem to have :-))