Member Info for lebugue-addick

Liam - belated thanks from me for your SD interview. I have just come back from 5 weeks in Perth with Mrs l-a and Door4left (all invested) visiting youngest son.

It was good to hear Shaun's Perth twang as a reminder of the holiday but also to hear him in gushing mood again. Well done for securing this interview and I look forward to hearing Part 2.

SD is sure the uncertainty surrounding the 5% outcome is holding back the SP and once that's out of the way the SP can motor ahead again. Of course the outstanding news also limits SD's ability to buy shares in the market, which it sounded like he wanted to do, with only a few short windows of opportunity to do so.

I don't know whether Bamps would be happy to just view the mine in person from the viewing gallery. Perhaps some special dispensation for one person could be negotiated if properly accompanied.

On our return leg from Perth there were 3 flights to Port Headland and we witnessed loads of high viz jackets with Pilbara on the back. They seemed in good spirits though we don't know which site they were heading to on arrival up there but there is a good chance the Galah Bar at Telfer was going to be frequented later in the day for these FIFO workers.

https://www.google.com/maps/uv?pb=!1s0x2b851951649a7029%3A0x91cc584fea091f45!3m1!7e115!4shttps%3A%2F%2Flh5.googleusercontent.com%2Fp%2FAF1QipOn7xXFa1SoImueeeXnrtrCSZHURYRZfTWM-1Yr%3Dw284-h160-k-no!5stelfer%20galah%20bar%20-%20Google%20Search!15sCgIgAQ&imagekey=!1e10!2sAF1QipOn7xXFa1SoImueeeXnrtrCSZHURYRZfTWM-1Yr&hl=en&sa=X&ved=2ahUKEwi_wMn-5_z3AhXLN8AKHZUxAzwQoip6BAg3EAM

£230/oz of course not £230m/oz. That would indeed be excessive ramping!

So we find ourselves with a low market cap of £450m.

The latest MRE on 3 March says we have 6.5 million ounces of gold equivalent. Our 30% share is therefore 1.95m ounces which the market currently values at less than £230m/oz.

The upside potential is clear to see imo with POG around $1,800/oz.

And the cut off date for drilling in the MRE was December 2021. Since then the MRE will have grown further.

The SP has further detached itself from reality. A lovely buying opportunity for when I return from Perth a week today.

Technical analysis versus long term positive fundamentals.

Hmmmm let me see - it's a tricky one isn't it?

With TA you might make your piddly little 10% here and there. With long term positive fundamentals just sit back and watch the multi bags.

Each to their own.

1 billion tonnes @
1 g/t
= 32 million ounces
GGP share 30% = 9.6 million oz

Mkt cap £480m

So the market is saying our share of the gold is worth £50/oz

Not surprising SD said in the recent podcast that the 5% is a distraction.

I will go further: the SP at these levels is ridiculously undervalued.

MH - Not necessary to second guess SD. He knows what he's doing. Just enjoy the good news

SAs- just need a few more "inpatients" and we should have this cracked!

Hope you all have a good evening at the Stag. Stay sober for the results for those that stay on. Look forward to some good feedback.

CM - what is your strategy in the light of your comment then?

5eights- I hardly think the Americans would be interested or aware of bringing the GGP price down. This is more likely to be a continuation of what we have all witnessed over the last 12 months.

avo333 - should be avo moan as that's what your posts always are. Try finding something positive to say about your company i suggest.

Greetings from Perth from Door4left and me. Long journey via Darwin. 16 hours first leg from LHR and then a further 3. Still it's all been worth it to catch up with youngest son and his wife. Solid start to the week and looking forward to next drill results on my birthday.

z/JS - I was only trying to inject a bit of humour as you probably realised!

Sheila "drinks" - sounds good to me! Welcome

Oh what the Eck! All I know is that there are 233m reasons for VE celebrations noting that Van Eck have stuck with the company over the last tough year. I am grateful for that.

Thanks zoros. Now I will have to find out why it increased from 9 to 10 between the 2 RNS

It would be interesting to hear Magictrades' take on the results. Still sitting patiently for next 10 days and then off to visit our son in Perth for 5 weeks. Put the kettle on Shaun!

Hi Bamps - sorry to hear you are getting such a hard time on the ARV Board where I also hold a tiny number of shares - it's ARV investors loss.

Concentrate on the big prize here instead if they don't want the benefit of your advice.

Apologies for non-GGP content!

I can definitely vouch for Bamps having met him at an investors get together in Stroud with a number of other like-minded investors. His research on the GGP board is detailed, thorough and has been strongly appreciated by the GGP BB over a number of years. He regularly appears as one of the most recommended people on LSE. He is the kind of researcher that gives his time willingly for other investors to benefit from and if every BB had a person like Bamps the investing community would be a lot better off.

No one yet knows the size of Havieron as the drill results per NCM and GGP RNS's show it's still open at depth and on most sides.

The latest MRE gives 6.5 million ounces of gold equivalent but that is only a fraction of the overall size as drilling continues. So far there are 22 successful drill reports from Newcrest at 6/7 week intervals.

Hoping ARV and GGP are rewarding for both shareholders.