Member Info for MH01

De Grey has not PE ratio as it has no income. Still valued at AUD$4.6bill with NST offering $5bill to buy them. Other ASX companies worth way more than GGP and some operate in Africa with low single digit PE’s. Other peers in Australia have much higher PE’s.

Https://www.ggpchat.co.uk/viewtopic.php?t=1009&sid=5964387fa73ca082f4ec7fe4f26c91de

Broker note

My calcs align to a December broker note of 17p a share so that being said… we are undervalued. 6p to 17p is making 200% profit.

If I look at a PE ratio to apply it suggests GGP is worth more.

Use 10 PE on earnings of £85mill x 4 = £340mill pa x 10PE = £3.4bill market cap

Discount to say £2.5bill to be prudent for taxes etc. Currently valued £826million. £2.5bill (ie. 19pence a share) puts us up with De Grey as a peer comparison. So in essence the ASX peers are valued more than GGP on the AIM market.

I think we should be at least 12 to 15pence a share based on what we know. I’m hopeful that this year will be see this as it’s a fair value in my opinion.

If we assume that GGP is producing 85,000 ounces of gold equivalent a quarter (425,000 divided by 15 times 3) then what is the free cash flow per quarter?

AUD $4,200 spot price (say) less costs of AUD $2,200 (pure guess) = AUD $2,000 per ounce … times 85,000 = $170million AUD per quarter = £85million GBP per quarter.

Company taxes to come from this but unsure what they’ll be. CAPEX as well to come out for Havieron. Hopefully the bank loans are not required due to such large cash flows.

Yes agree that all junior explorers have potential. Most fail to make that big discovery though. Both tenements need to be drilled to see if they have anything. Callum started GGP in 2005 and it wasn’t until 2018 that Havieron was found via the drill bit. That’s a long time for initial investors. Callum and GGP drilled a lot before Havieron around Australia before Havieron. GBP only have Juno. All eggs in one basket. I believe Juno hasn’t been drilled yet. Whereas Havieron had been drilled by Newcrest decades earlier but they walked away as it was too deep for them. So Juno is a lucky dip for now. Fingers crossed for you.

Listening to them 20th minute they don’t know a lot https://www.voxmarkets.co.uk/articles/small-cap-investing-with-paul-hill-paul-scott-c7e2d5a/

Perhaps that is a warning to keep your feet on the ground regarding farm in expectations for GBP. Stop the ramping. Wait and see how it pans out.

Agree. Let's blame total strangers on this BB when the share price drops... go figure. Some whacko's out there. Cyber is the worst and his posts should never appear. I don't know if he is associated with Omar/CFO or not but his ramping is so nonsensical and rainbow chasing that it should be banned. Let the company just do it's thing and let the chips fall as they may. But to constantly post 1000%+ incoming and all the other poo-poo is embarrassing. It gives the rampers a bad name hence this week has been incredibly bad when the CEO defied his prior tweets to raise.

Wonder how GBP will fair in comparison if they announce a farm in...

Paper profits can change quickly

Agree. But the bunch here who ramp this as if it’s a shoe in are just as bad. We don’t really know who they are with their hidden moniker. So trust nobody. Also they blame me, you and anyone else here when the share price falls because we are manipulating it via our posts… strange no!?! Omar and his sidekick issued themselves hundreds of millions of shares after kicking out the former Board. Gave Callum a shedload of shares. Basically doubled the share count in quick time. Now a surprise raise when was wasn’t needed, Omar said a a few months back. And the farm in that is yet to arrive. People need to be careful with their money and ignore the ramping. Approach this with common sense and not the idea of making a quick buck.

So please don’t listen to the ridiculous ramping. A lot of peeved shareholders this week after being misled by Omar. Even Tom Winnifrith wrote a disparaging online post about Omar.

22.5 is the raising price and currently the SP is 20.5 .... so that is an interesting observation. It was 33 last Friday.

I found Tom Winnifrith's public comments interesting as they are quite libellous but clearly Tom is firm on his view.

Tom Winnifrith sees what we all see... why can't you?

I am glad that someone else thinks the tweets from Omar are wrong from a CEO. I mentioned this months back and it is not the proper behaviour of a CEO.

Https://www.tomwinnifrith.com/articles/24533/global-petroleum-the-twitter-ramping-of-ceo-omar-ahmad-does-nomad-spark-not-give-a-ff

Https://x.com/TomWinnifrith/status/1876668861178933453

Looking spicy at AUD$4,300+. GGP gets that to the top line revenue as the hedge only kicks in if the gold price falls, limiting the downside. So this is all upside cha-ching.

https://goldprice.org/gold-price-australia.html

It is sad when those with lower buy in averages laugh at those with higher buy in averages, who are aggrieved with the CEO / CFO who lied when they said it was fully funded months ago .... so now we have many sitting on paper losses. Why is that so funny?