RE: GGP 100% undervalued comped to ASX Peers 🤯🔥10 Oct 2025 11:45
'They' can play games for now because the full picture isn't yet out there for Telfer and Havieron - we need the DFS for Hav and the Telfer R&R updates to quell any doubts fully and a couple more quarters of reliable production and forecasts wouldn't go amiss IMO.
As I jokingly said to someone who owns a plumbing firm, we're still being seen as Triton Vs Mira but that WILL change.
Like any business - GGP has it's pro's and con's and one risk it holds as a new producer is it is susceptible with just one, in a few years two operations being put through Telfer. We also have a lot of exploration and development ahead even with the cash growing in coffers - I won't be surprised if we see a bit of debt funding in the mix for Hav - but structured very well IF Shaun and co. decide it makes sense, perhaps in alignment with other plans we are as yet unaware of :-))
Over the mid to long term other producing assets will be purchased I am sure as the company grows. I expect a further rerate in the next 6-9 months as the updates come through - as long as we stay in a strong environment for miners which I also very much expect.
But a 'full rerate' to match relevant peers IMO needs certain milestones to be hit and certain expectations to be met, so a bit more time required until we get there, we should expect some fun and games too but there are also valid reasons we're not right at the top at this stage of our transition.
BTW this is now an Australian company increasingly under the sway of major shareholders for all that we UK PI set them up - donn't expect any favours in the years ahead. The deal was very much structured to quickly shift to a more mature insto base which suits GGP - than with our interests first and foremost.
We're retail shareholders with limited access to the longer term plans under consideration and only access to public information to weigh up fundamentals, we should always remain open minded around topics such as funding, listing and strategy when discussing the pro's and con's of each.
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