Member Info for GGPThruandtru

Northern Star Resources enter the Top 40 companies in 35th place…let’s hope that’s GGP in 2-5-10 years 🤞😎

Haha no MH. Bamps and others have predicted profit figures for Havieron over the next few years. My point is total net profit at Evolution is A$320 which is around £150m give or take. I think GGP are currently looking at around £80-90m per year for our 30% of Hav. Not that much of a stretch to get to £150m from there. The 100% or 30% is again irrelevant. It’s just purely on numbers given in Evolution accounts. They have multiple assets and multiple production avenues.

Think you’re missing the point Bamps. Has nothing to do with the assets. Evolution for starters have a few producing mines. My point was just their fiscal numbers for 2022 equate to their current mcap. Considering our profit from the first couple of years of Havieron mining, it’s not that far of a reach to get to circa A$300m profit a year. And we know SD wants to expand our asset base. Havieron alone could eventually give us their mineral resources and ore reserves when fan drilling gets going eventually and block mining comes into it. This along with whatever other assets SD gets his hands on as we go from defence to offence.

Wasn’t comparing operations or assets. Just the numbers Bamps. X amount of revenue with X amount of profit and X minerals etc…equals X mcap.

And another interesting thing about Evolution Mining is that late 2020 they were over A$6 a share…with an mcap north of A$10bn…that’s a pretty dramatic drop too…hmmm…macro macro macro…

Way too many factors in play to put a value on GGP in the future…SD has said he wants a multi-asset, multi-billion company 🤷‍♂️ Let’s hope he’s a capable man of his word…but I’ll just throw this out there in terms of valuing a company…

Evolution Mining

2022 Production - 640koz produced

2022 AISC - A$1,259

2022 Net profit - A$323m

2022 Ore Reserves - 9.9moz

2022 Mineral Resources - 26.4m

MCAP?!?!? - A$6.3bn

Havieron AISC is less than half Evolutions. So in theory we’d need to produce around half of their ounces to equal their profit…so much potential here…all we can do is hope SD is good at his job…👍👍👍

I’m sure Shaun mentioned the shares in issue in a recent interview. He spoke about how many were in issue when he started. The difference wasn’t much. We deffo got over £1.3bn MCAP way back when. How much over, I can’t remember.

Guys, Lenigas’ involvement with GGP isn’t new. He’s been around, talking about us, buying and selling is since HAD05 hit way back when, which if you’d listened to the clip, you’d know. He was involved with Artemis buying the land next door too.

Not new and definitely not an issue. He’s been around the block and whether you like him or not is irrelevant, he’s knowledgeable about the sector and just another source of information to use as you see fit.

Haha Brilliant SureAs!! Lenigas is known for many things throughout his career but he’s definitely knowledgeable. Let’s hope he’s right 🤣😎

SD has already stated that they need to wait for ‘land approvals’ before drilling Ernest Giles. He’s always seemed very keen to get there asap, so no reason to think differently. It’s not as if SD or the board do any ‘drilling’ - they just hire teams.

“The Hunted becomes the Hunter” 😎✅

“From Defence to Offence” 😎😎✅✅

Great Sunday Roast again 👍

I’ve already emailed LSE and I think everyone else should too. This website now uses close to 100mb per refresh coz of the new auto-vids constantly playing.

We all need to email them to change it.

There is no rhyme or reason to SP’s anywhere at the moment. It’s all macro factors and bubbles (lithium & AI the current “in” crowd).

Most SP’s are at least 50%-75% down due to Macro over last 1-3 years. If it weren’t for that we’d be sitting comfortable around the 15-20p range (without any news) and there would be a lot less vitriol and moaning on here 😂

Depending on which way they want to go Chisler, you could say Skylar and Wilki Lake are between the two…might be helpful when moving all the ore to Telfer 👍

I think we’re all jumping the gun a bit with this Rio JV. This is basically them divesting their South Paterson tenements (much as we did with our Tasmanian assets) - this could be because they don’t have time as others alluded to it it could also be that they didn’t think anything of the info they got from their work on them.

In terms of Rio, Telfer “becoming key” to them, I’d say it’s the opposite. They’re happy to give up control of all those tenements round there to someone else. So if anything, I’d say Telfer is out of their minds (which in terms for GGP buying it ourselves, is a good thing - we don’t want anyone else interested in it). The JV itself is minuscule. A$1.1m spend required up to end of 2024. Pennies. And the whole JV has a 7 year window.

Great for GGP to get more land in “elephant country” but being this side of the JV as opposed to the other side doesn’t often lead to a share rise as we become the one’s liable for the expenditure. The opposite is always value enhancing because someone else takes the expenditure whilst the minnow gains from the work being done.

Personally I like the second RNS better. Banks have now accepted the delayed FS and are obviously happy with the reasoning behind it, which means we should be too.

Off topic side note: Be careful now using LSE website whilst on Mobile data. They’re updated site with the autoplay videos uses up a hell of a lot of MBs with every refresh!!!! LSE need to abandon the vids!!

Damn!!! 🤬 sorry Chippy! Best line on the board that 👍

And just to add to that long list of “terrible” stocks…most of them have been cross-ramped on this board over the last two years as a place “to make profit” instead of waiting here…that would have turned out great then?!?!

So many opinions, so little time to digest and read them…yes, things could have been handled better and we could have not had a massive M&A happening….but I’ll stick with my theory of Macro…Macro…Macro…and the stupid World we live in…

Just some followed by me and others…two year charts…

AZY - 0.059 to 0.015

RCR - 0.34 to 0.064

MDI - 0.13 to 0.041

COBR - 2.9 to 1.2

ECR - 2.1 to 0.37

ALBA - 0.29 to 0.10

ARK - 1.1 to 0.4

EUZ - 12 to 2.9

AFC - 60+ to 17.6

GCAT - 1.7 to 0.33

ARV - 0.10 to 0.034

NVA - 1.8 to 0.3

MGV - 0.4 to 0.24

AUT - 0.2 to 0.035

SIPA - 0.068 to 0.020

CCZ - 0.052 to 0.01

UFO - 1.1 to 0.42

WSBN - 19 to 1.87

EUA - 35+ to 2.4

SOLG - 40+ to 16.6

OMI - 21 to 4.3

CGNR - 40+ to 1.6

VAST - 10+ to 0.7

Some drops even more drastic than GGP. Can’t all be down to the CEO’s.

Times change and tides come and go. At least GGP have improved and moved forwards in nearly every department of “actual” work. We’re in a better position now than when we were in the 30s. (Only caveat is if the big boys are gonna do the dirty on us!!! But you can’t invest thinking the worst of every “big boy” otherwise you’d never invest in any company.

Good luck to all of us, no matter what we choose or are forced to do. “Still waiting for my little slice of history” (stolen line)

Wow Itsouthere! Are you actually championing EUA when their drop is even worse and more dramatic than GGPs. Crazy comparison to make 😂

Nice article Intraday but I can’t see Rio being interested in Telfer for Winu. It is way to far away to truck all that low grade stuff to it. If they do go ahead with Winu it’ll be a new plant, but that’s not to say they won’t want Telfer too, in order to try and lay claim to the whole of the Paterson.

The funny thing is that if Shaun had just phrased this morning RNS differently this might have all been avoided. Something like…

“we have no plans for any cash raise but even if we did, there is as much chance Of it being at a premium as there is to it being at a discount.”

I think that would have helped and is just as vague as anything that was written.