Member Info for MartinN

II showing new price but old number of shares. Not possible to trade at the moment.

The good news is it looks like I’m a multimillionaire. The bad news is I’m not.

A bit transparent there KRSS.

If you want to be a real deramper you need to try harder.

There it is.

£2m UT sell at 16:35.

As per title

The Motley Fool article is a reminder that there are a significant number of clueless analysts. I suspect AI plays a part in writing these uninformed articles because they’re based on other uninformed articles that the algorithm finds on the web.

There’s no substitute to DYOR.

GGP Ticker on both AIM and ASX.

Where have you read that Wyloo have an option to buy Newmont’s remaining shares at 7.4p Spades?

My understanding is that they have a right of first refusal which means they need to match any other potential buyer but I could be wrong.

The shares weren’t dumped goingtomoon.

With GGP’s agreement they were used as the secondary offering to provide much needed liquidity to the Australian market without diluting weveryone else’s shares. It’s all in the documentation.

Wyloo do indeed have that option djm.

It is a right of first refusal which means they have to match any other offers for them.

That can’t be correct goingtomoon.

They sold half of the 20.4% as the secondary offering which means they now have around 10%.

Yep.

Newmont owned 20%, and half of that was the secondary offer.

It’s good that they still own 10% because it remains in their interest that we’re successful.

Got my two sons interested in investing a few years ago. They’ve both bought into GGP last year with averages below 6p. They’re very happy. My daughter has stuck with premium bonds.

Day traders are gonna day trade.

Daily fluctuations mean nothing.

Https://stocks.apple.com/AyDRFjaxzSomxiN7hvpj-bA

In summary, GGP is 46.9% undervalued and should be 30p.

I get it, Equilibrium, that you’re a deramper desperate to get the price down for whatever reason but to gain any traction you at least need to be slightly plausible. That post of yours was the the most inaccurate pile of garbage I’ve seen on here for a long time and there’s some real competition.

Absolutely no chance.

You’d need 100,000 drone journeys every day.

Already done that. Fully loaded with GGP.

Thanks for the clarification Bamps.

In my defence, there’s only one average grade quoted on that slide and one inventory figure. Making the assumption that a long term steady state of 4-4.5Mtpa would achieve that grade is an easy mistake for a non expert like myself.

Either way, it’s going to make a lot of money and if the value of the enterprise is calculated using a lower average grade at Hav it’s still going to be equivalent to not far off £1 per old share with potential for more if the gold price goes up and some of the Telfer prospects come to fruition.

Highlight for me from the presentation page 39.

4 - 4.5Mtpa @2.74g/t average from Hav.

Using 4.25Mtpa that’s 11,645,000g =411,000oz

411,000oz @ $3373/oz-$818AISC = $1.05bn pa FCF

That’s $2.875m FCF per day or £2.1m per day using today’s gold price.

And that leaves 75% of Telfer’s processing capacity available for Telfer and other ore which should double that FCF.

With a typical P/E of say 20, the company would be worth £15.4bn which is about £1.15 per share or £23 per new share.

If gold continues up and more is found at WDD and other places the sky’s the limit.

If my calcs are correct we have an absolute monster.

I’m in both.

Topped up ITM @33p and AFC @5.8p.

Looking good so far.