RE: Prove Telfer !27 Nov 2025 10:09
For those who also use multi stock chats, you'll be aware that GGP just doesn't fit the profile of your typical AIM punter and barely discussed nowadays. Ownership of shares is now held much more strongly by institutions and this audience is in fact the desired audience by GGP moving forward - as it should be.
As pointed out often by some of us, in order to build on the acquisition into a producer rerate from this point forward (as we seem to be in a range now) we will need the Hav DFS and Telfer updates to have verifiable proof of future production and potential alongside at least a years worth of results and set certain doubts to rest such as development CAPEX, future production volumes etc. And of course the macro will need to favour our sector moving ahead to make any mining stocks worth investing in.
However patience shouldn't be inexhaustible either IMO - if we're not caught up considerably with relevant peers in a years time then I'd say something is amiss. Not manipulation etc. etc. which frankly is how the markets work from top to bottom - so if you don't have the stomach for it, stick to savings accounts IMO but the markets have always run like this - hasn't stopped plenty of savvy investors and traders making money over the years.
What underwhelming performance in a years time will tell me is that for some reason GGP isn't winning the market over. Plenty of examples of companies with worse fundamentals than some of their peers still outperforming them for a range of reasons - including none that make any sense. I happen to think that GGP will win the market over, so happy to take the risk of holding through to Telfer reserve updates into H1 2026. If those fail to wake the market up, then time to revise my position.
Blind patience is no way to invest, I'd suggest setting some targets and expectations which you adapt if/when key events transpire, you are suppose to have portfolios that grow over the years, not just stagnate or diminish and plenty of money to be made (or lost) on the markets at all times.
The markets run on sentiment - not logic - so we shouldn't always expect things to make sense.
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