Member Info for Jerryspaniel

Ggptt, I had a look at this. Is it doing any drilling? Or is it in the wsbn, azy, arv, rnc camp of hoping someone takes them out? Seems v small outfit for a superstar to be ceo.

Hi TmT. So nice to hear from you and that you are still invested. Are you still in LA? Yes Panama is still around. Hopefully she will day hi, in the European day.

I too have some sgln, and silver britts and Jupiter gold and silver. My latest venture is into silg, for a bit more leverage into silver! All the very best to you.

Lovely to hear from TmT, Dodge and Mushy. Last two are very funny posters and the former one of THE best ever. Any one know what happened to the Devon publican who had a ridiculous amount of shares in the 1.5p days? I forget his name.

Plus, Coach where are you? We miss you too.

Hopefully all the Bamps stuff will be chip wrapping by tomorrow.

Finally many happy returns to Panama!

To be clear Bamps, I have no problem with you selling. But I do have a problem with your 45,000 Oz production number and then to announce you have sold. You are much much better than that.

Please stick to what you are good at and we will all be ever so grateful.

Fortunately PI involvement in Ggp is pretty irrelevant nowadays, but some posters are more influential than others and if they think that they are influential they need to be careful with what they convey. As we know there are many who read and don’t post and they could be persuaded to do things that are not in their long term interests.

They almost certainly produced more than that in first two months Bamps. Odd post after all of your bullishness. Has someone hacked your account?

Probably next Monday Quady.

Afternoon Saints. I am with you regarding diversifying into other investments. Why would you invest in something you know far less about? My sales of Ggp have paid for the villa, given money away and paid some tax. I have not invested the proceeds in any other share. I wanted the villa more than I wanted 20% of my shares, it was not a view on Ggp per se.

Solgold has been a relative disaster and shows the difference between great management in a great jurisdiction and absolutely awful management in a ‘challenging’ jurisdiction. But I wouldn’t have heard about Ggp without being invested in Solgold. Buffett has some great things to say on diversification which I do think are very true.

My new investments will come from the proceeds of the Solgold deal, not Ggp.

I haven’t posted much on here recently, partly as I have been in Australia following the cricket and enjoying this amazing country. A few interesting thoughts on selling, trimming and what to do with any funds, so I would like to add my thoughts.

First and foremost each and every person is different and have their own criteria. Age, health, wealth, tax exposure, risk appetite, family needs, investment knowledge, ambition etc etc all play a part in life’s decisions, and investment portfolio management is all part of that. So if you consider all these factors and rate their importance to you, you should end up with the right decision. But don’t take advice from people on here about what to do, unless you have met them, know them, trust them and feel that their points are relevant to you.

My situation, which I regard as unique to me, is that I tend to be happy with concentrated risk if I think I know a lot about the subject and doubt that I could get the same knowledge quickly elsewhere. So my Ggp exposure has been about 80% for the last 5-7 years and most of the rest has been in PMs and their miners. I have been very right and very wrong, but my belief was such that it didn’t bother me as much as it probably should have done. I have never been a buy and hold investor, preferring to trade around any position which is because I have that background and career. I try to sell rallies and buy dips which for most PIs is very very difficult as it goes against most natural instincts. But please remember that the more a share price rises, the more your risk increases as you have more invested (don’t use amount paid as ‘invested’ but the current mkt price).

I have had some big winners and a few shockers over the years but Ggp has been by some multiple my biggest success which is handy as it’s been my biggest bet too. Slowly slowly I am in harvest mode now. This is partly due to age, IHT exposure, chance to help my wider family and friends and the opportunity to buy a place abroad. So unlike spades, and a few others I know, with large investments my holding (in shares) has dropped by half from about 1.5m. I still love ggp and still have a very unbalanced portfolio by value. Jupiter G&S has also been a fantastic investment and I am putting more money in silver miners. I have also started building a position in oil producers and quite like coal but not sure how to play it.

None of this is investment advice, but if you can address each of the criteria above and any other criteria personal to you, then you will arrive at the right decision as to where to go from here.

I will end with this personal opinion. Shaun Day is the greatest CEO I have met and known and have told him so. I have met him many times and I am happy to trust him with my financial future. I doubt any of you will meet someone as good as him. If you do, could you let me know….

All I can say Quady is that you have a very strange definition of the word diverse. It maybe relatively diverse compared to some weird unrelated event, but it clearly isn’t diverse in any normal sense of the word.

The main problem was the exact opposite to Quadys point. The book wasn’t diverse at all. In fact it was very concentrated with three large holders and a few smaller ones. Get those on your side and you control the company. The complete lack of diversification was the problem.

RT, I hope you are right but bad management will destroy any asset given time. Started with Mather as a goodish explorationist but hopeless ceo. All the others have been truly shocking. Current lot got dealt a bad hand and have played it as well as they could. 28p isn’t great but it could have been worse. I will hope for a bit more but not expecting anything.

The Ferns, you are so right. Just shows what you can do with brilliant management and a good asset. Solgold had a great asset and some of the worst management I have ever seen. Coupled with a crap jurisdiction and the Lassonde curve and we are lucky to get out with a modest return for all the heartache. But Ggp will soon be producing fcf in a year what Solgold got sold for. Ggp is a brilliant company. Solgold had an outside chance to do well too, but pretty much screwed it up each and every time. You have to wonder what Solgold could have achieved with someone with the calibre of Shaun Day.

Just so pleased he is at Ggp.

Might want to look at the Solgold takeout value. Antipa and their shareholders have been in la la land. Nice asset though and I am sure Ggp will own it one day. But we can wait. Can they?

Not sure he did RT. The loser got the nickel mine. The winner kept their cash.

6290 average this qtr so far according to ChatGPT.

It’s quite incredible that he has bought Antipa as a takeover play, but admits to knowing pretty much nothing about Ggp, the company that he thinks will takeover Antipa. That’s incredibly stupid and even more stupid to admit it! Glad I have no money with him.

Stack, not really new. Been invested since about 2018. Don’t really understand the rest of your points, if they are points. Made a reasonable profit here vs a balanced portfolio. However a rubbish return vs the alternative mining and development companies that are of similar size and well run. Fortunately this wasn’t my biggest investment nor my first rodeo.

Who knows what exactly has happened but my guess is that as soon as BHP and NEM signalled that they were happy to sell out to JCC, the management had nowhere to go but get the best price possible. It’s a shame that the price doesn’t reflect the assets but it does reflect what a complete farce the company has been over the years.

I was hoping for more, but delighted that the company has been put out of its misery. I can now spend my time on proper companies and ones with Great management. I will also include Ecuador as an uninvestable country.

Have a wonderful evening everybody. Sorry that I will miss this one but i am over in Australia for a couple of months. I know that you will ask Shaun all the tough questions and that Shaun will try and answer them without saying anything that he shouldn’t but always leaving you with the impression that he just has.