Member Info for Jerryspaniel

Thanks leftos. I have listened to the Jonathan one but not Alisdairs as yet. I haven’t come across Jonathan before but putting some feelers out with friends who worked at MS at the time. He seems a good guy but always need to check the BS quotient!

Afternoon all (folks). I read every post on this board from everyone that I don’t filter. I put up with off topic nonsense and the occasional amusing post. I am looking for the occasional nugget of information, link to an interview and now the very interesting use of AI in analysis.

I have a very large investment in Ggp and it’s clearly an investment in time that makes sense for me to do. It’s a shame that there are others who don’t share my diligence and drift in and out with inane questions and suggestions that are just pointless. God knows how Shaun puts up with it all. But that’s the market. I assume it’s because they can’t be bothered to do any analysis on the gold market, Ggp, mining in Australia, macro economics and politics etc etc.

I suffer Andrew Maguire abusing the English language every week as I am looking for his occasional nuggets too. Great fan of Rob Kientz, Andy Schectman and Alisdair McLeod, and sometimes Craig Hemke and Eric Sprott. I subscribe to McLeod on Substack. I have learned to like MoM, and respect hedgeye. I have made some good friends on here and elsewhere and value their input where they bring great insight to geology, mining, the physical gold market, technical analysis, hedge fund participation, fund flows and anything else that I think adds value to my knowledge.

So I find it exasperating when posters post something that has been discussed to death and put to bed once and for all bring up something either because they have evil intent or because they can’t be bothered to do the minimal research. Obviously they will get binned after a few of these as they bring nothing to my knowledge base. But occasionally they get a slap. So, sorry Doozer that you got one yesterday but now you know why.

Doozer = Snoozer......

Cheated, if you want a dividend, sell some shares. I would rather have Shaun invest in the business as I suspect he is better at that than most people on here.

Sorry ALL people on here.

MH01 re your 0953 post. Plus what has happened to the gold price in Aud since the agreed bid for DeGrey???

GGP worth way more IMO but Shaun has to be 'measured'.

TomE, shares held in an ISA will be free of cgt and income tax on dividends. They will not be free of IHT. Shares held in a normal trading account will be subject to all the above taxes, less any meagre allowances.

If you hold shares in a Sipp, you should read up on that as things will be changing over the next few years. Obviously getting worse.

If we move to a main listing any shares purchased will be subject to stamp.

To answer a few points raised in last couple of posts.

1. I am pretty sure GGP doesnt qualify for IHT relief on AIM, and never did.

2. Shaun was approached by Newcrest (not Newmont) when he was at NS. Just think what he would have done to GGP had he been at NC! Closeish shave.

3. L-A, I think Shaun said that the listing rules have been relaxed on the main market and now GGP could have a premium listing.

Morning Speedy. Newmonts results were dire last autumn. They showed that they had lost control over their costs and this caused a big sell off in their sp and it trickled down to other miners. This quarter all the other big boys (Barrick and Agnico) have done pretty well and costs havent followed the gold price higher. So NM should have some good numbers tomorrow and that may get some money moving into the big miners. It always follows a pattern big - medium -small miners then developers and finally exploration companies.

NM and Barrick form 20% of the GDX so these two have a big say in whether gold miners are loved or not. Compared to Agnico they have both done a dreadful job these past 10-15 years. Lets hope this is the turn.

Speedy, depending on how inflation hits the AISC I would say its comfortably over US$1bn pa. Based on 300k ozs eq.

Doozer, as long as the word is getting out there. TBH there is so much new stuff atm its tough to keep up.

As Speedy said to me, 'No smoke without fire'.

Fascinating times right now.

Sorry, I should have name checked my good friend Hydrogen who showed me this.

This is a superb presentation by someone that I had not heard of before. Great explanation of the situation for those who aren’t so familiar with the technical stuff.

The candy bar analogy is very good.

https://www.youtube.com/watch?v=zdIwXaeo03Q

For those that like to get excited about black swan events, you might want to read James Turks article in KWN today. In it he suggests that bullion could be revalued much higher but paper gold will be cashed out at the pre-revaluation price.

Could have been written by our good friend Speedy himself!

Dapsss, they should really only pay dividends if they have so much cash they can’t think of a good way to invest it in the business, and you should only want it if you think you can invest the money and get a higher return.

If you need a regular return of say 5%pa, just sell 5% of your holding each year. Pretty much same effect.

Personally when companies start paying dividends it’s usually time for me to sell up as I feel they have gone ex growth.

BC, ok so not really an arbitrage at all. I would call it a valuation gap, and I would agree with you that there is one, but I would say it’s a lot bigger than £50m.

Arbitrage is the simultaneous buying and selling….

Be Contrarian. You suggest this is an arbitrage investment case. What are you arbitraging ggp against?

Also todays IC suggests that ggp is shortly to move to the main market so that should please you, and most others too.

Getting off AIM and on to the main mkt would be excellent news.

Dont read old historic financials, try working out what the next load of financials might say. Share prices are never backwards looking.

I feel like I am the school teacher today, wishing I could throw the blackboard duster at a few.....

Why would anyone exercise options early???

SC, selling GGP at 8p hoping to buy them back lower, ahead of an ASX listing (that you think will make the sp rise significantly) in a couple of months time is a trading strategy that should get one sectioned.

An old boss of mine described it as like 'picking up pennies in front of a steam roller'.