Member Info for mercedesman

Just sat at my desk laughing my ass off at some of the comments in the last 10 mins!

Exactly, ignore the wingers who didnt research, and their 33 posts. Sorry you might have to wait more than 48hrs for a good return lol.

Any dip is temporary on a longer time frame, i dont give a hoot what happens over the next few weeks, as far as my expectations go, its 6p+ late march, 10p+ Sept, buyout Q4 20-30p. If u cant wait for that, exit to the left now. Muppets

Thirdrock

Firstly - its not my entire holding, ive been here 4 years not 4 weeks, so if i want to dip in and out i will, but i will always hold a core holding to the 20-30p

Second- i have never ramped, im positive, i was positive about this at 0.9p and people like u were calling “ramper” so you can put that one back in your draw.

And thirdly, don't knock us for selling and buying back lower, we are taking extra shares off the market, i managed to buy back 30,000 more shares, shares that would have been sat on the books, so i actually did you a favor.

Love u

Merc

I should add to that, this method is risky as ferk, i did the same at 3.5p and lost 10% as it ran up further.

So for the newbies out there worried about today, let me explain whats happened...

- experienced investors and especially long term GGP holders knew that last nights call probably wouldnt produce any new blockbuster info, and that it would probably retrace a bit over the following days, but we didnt sell prior to the NC report, just in case.

As expected, nothing earth shattering was announced (although the planned decline news was very welcome)! So what did we do this morning, we sold at 5.3-5.4 with a view to buying back in lower and increasing our holding, what with the next possible news being in mid march, a retrace was inevitable (hence the 10% today)

Now its bobbing around as everyone decides, “is this the new bottom, or can i get 4.5-4.7p?”

And when it levels out and starts creeping up again (probably sparked by Institutional buying, the PI’s will all pile back in and we move on to 6-8p range.

I just got back in now because a 10% increase in holding is enough for me, and im very aware that news on Scally, TR-1’s, unexpected permit RNS, or an outright buyout could land at any time.

Its that simple really, no mm games, no conspiracy, as someone else said “its just supply and demand”

As soon as we level somewhere between 4.6p-4.8p the “gamblers” will pile back in and off we go.

Ultimately the day to day doesn't matter, we know whats happening Q4

Cha-Ching!

Some sellers banking on no more news until april

Let me share a thought, thats been playing on my mind since late last year.

So Newcrest have left us with 30% of Havieron, based on current success rate, and being ultra conservative, lets say our 30% is worth £300-£500m, in fact lets go even lower, lets say that come December, we sell Newcrest our 5%+25% at “fair market value” and walk away with a meagre £200m quid!

Now, we know that Newcrest have 1st right of refusal on a JV in Scally territory, including Goliath and Kraken (imo the best 2 up and coming prospects based on magnetic/geochemical analysis)

BUT! We dont have to do a JV, and if we do decide to, we dont have to do it straight away, right!

So here’s where i begin to daydream and think “what would become of GGP, if GH decided to take that £200m and drill the equivalent of what Newcrest have drilled at Havieron ($65m) on those two prospects, on our own? Could we get to MRE on another 1 if not 2 deposits, potentially finding and proving up 5-15m oz deposits, near surface, next door to Telfer, and owning 100% of them.

How much would Newcrest take those off us for?

Billions?

While Havieron is exciting, and undoubtedly going to reap us handsome rewards for our patience, it is this possible future scenario, that keeps me awake at night.

I was going over some old posts of mine and came across this one from last August, posted after 6months of boredom, i think the point of the message is still applicable...

“Long termers will remember when GGP and THOR were being compared a lot, perhaps 18 months ago, both were sitting around 2-2.5p, actually at one point if i remember correctly THOR was over 3p

Fast forward a year or so and GGP is still 1.7-1.8p

THOR is currently 0.58p!

On a longer timeframe you can see that our sp is much more stable than others out there, THOR just being one example of many i could give.

This is testament to my belief that GH is genuinely doing his best to build a $1Bn company and grow share holder value.

True value will out once “maybe’s” transform into “definitive resources”

And with 3 pork sausages over the fire now and more lined up, that we are very close to sizzling re-rate.

I have seen shares sit and stew forever, then go from 1p to 30p within a week (PYC)
From 4p to 74p in 6 months (BEM)
From 3p to 90p in a year (SOLG)

The trick is buying in at the bottom...... and waiting.....and waiting......and getting bored........and losing the will to live..... then waiting some more.......almost forgetting you own the stock....... and finally GETTING PAID!“

Just bare this in mind if we get the odd quiet week or two inbetween news. Now im 550% up.

Dont trade it, dont f-around with other shares, Just tuck it away, then come back between September-December, and even at todays price, you’ll probably be 550% up too.

GLA

CB1984 - i take it you mean new investor to GGP, rather than “a new investor” otherwise you must have no thumbs left with over 5000 posts!

I dont think redhammer is trolling, he just doesn’t understand the numbers.

Our 30% will be worth £600-£1bn (so take thats as Hav being worth approx £4bn) give or take

there's the rattle, here comes the boom, 6p by this afternoon, no shares available

They're on a stop loss raid! hold fast, rattle then boom coming!

im at 5.5 bags from my 0.99 entry.

Im not going anywhere until they announce 20m oz and i get my 20x at 20p.................and even then.........Scally lurks!

Not really got much to say until NC report tomorrow night. might just sit back and watch it climb, i think we may be at 7p by close of play tomorrow.

This is clearly an absolute beast, now finally people have cottoned on.

"Its Only Just Begun"

If you are trading thousands of pounds, £20 a month for LIVE prices is hardly a stretch

The sickening thought is micky, if Scally and Co. strike..... it might be

: 0

NC. “a new era in the Patterson”

Perhaps they already know? (Cue X-Files music)

Flippin heck Micky, I keep forgetting about the Copper.

Wer’nt our grades better than RIO’s Winu find up the road too?!

Well, no wonder NC are going hell for leather, a nice 2 fingers up to their rivals “we got better copper strikes over here....... oh...... and 20m oz gold cough cough” hahaha

Good to see everyone’s changed their tone from this mornings duldrums. A little positive thinking (and sensible reasoning) goes a long way.

Those with big gains elsewhere are now exiting looking for somewhere to lay their eggs, and we are primed for take off.

Im so confident I sold £7k of my GGP holding and shovelled it in here at 0.68, even though i knew that GGP are going to keep going, why?.... because in a few weeks I will triple that investment here, and then ship it all back.

Its ORCP’s turn for a monumental rise, and it is coming, mark my words, In a few weeks people will be saying “jeez, I saw that at 0.8p, now its 4p, well done to those that held” and we will all be saying “well my target was 4p, but actually, im going to hold until 8p” lol lol lol

Spy: I dont think any of us serious investors (LTH) give a hoot about the 6p Numis target...

1) we are here for MRE results
2) we understand Numis massively under-egg their valuations (wasnt the last one 4p....pah!) they will come out with 8p, 10p, 14p as time progresses
3) we know there is more than 5.5m oz, im multiplying that by at least x2 if not x3
4) Based on historical drilling there is every chance Kraken and Goliath could be as big / bigger than Havieron!
5) the likelihood of a buyout (which GH will want) is increasing on every update, and so is the value

So i dont think any of us are going anywhere at 6p lol, put a “2” in front and your getting close, put a “4” in front if one of the other prospects hits a 275m intersection at 2g/t+

Stick yer 6p!

Re PALM

2 meters at 3.1gt! You wana check our results mate, were not interested unless its 200 meters+ lol