Member Info for pj70

I would agree that there will be quite a few holders that will clear down at this 3.30-3.40 range and take there money as has been a difficult 3 months BUT for those that can hold and dont need to sell i just cannot see with the planned output of 400k oz in 2028/2029 and then that moving north of 500k oz a year later a price lower than £7/£8 and that is with gold price staying above 3000USD an oz.

You have to think that if the aim is to double EBITDA in next 5 years they have a plan as this mgmt team is conservative by nature with their attitude to debt paydown before paying shareholders etc. Therefore with a market cap of 250musd and a future planned EBITDA of 200mUSD with a current ebitda of 110m i am still struggling to see only upside from here with me rose tinted glasses and a dividend next year!

The back end of the year is where contracts get renegotiated so either expect a few announcements via RNS on these the next 2 months OR not. These announcements will drive a PE interest as the backlog could if this happens go back to the 550-580m range but with debt at year end around the 155m mark from the reported half year level of 179m.

Sadly i think 4 corners it is only a matter of time unless some funds start buying this up and moving the price north quickly

Exactly - whoever is manipulating this share could push this to 75p next week or 25p it seems!! Seems to be stabilising after the dump

Kent man the first signs that are released that Telfer is a 10 year plus producing mine in Q1 next year is a re rating!

Yes but how many trades or was it just a crossing of 39m shares?

This company sadly will be taken out by private equity or another competitor as it is a cash cow with a strong order book but the market does not like it. I do wonder whether the prospectus of a dividend when it happens may give the company more kudos!

Thanks Bamps - that one RNS that effectively has Telfer going for more than 10 years will be a major game changer for the next 6-9 month SP appreciation and underpin long term cashflow from the funds to invest more in my opinion. I found his demeanour in this presentation ALOT more upbeat than the july results presentation so that is good news. Lets hope some news around the corner outside of the October quarterly!

I thought SD alluded very clearly in an indirect way that Telfer is going to be a 10 year + mine life like 6 other mines bought from majors that went greater than 10 years!!

Also learnt with the comment on separate RNS announcement about drilling results for Telfer! He then alluded to 2 years of material for one part of west dome underground but the larger part with 4gm per tonne comment he wanted to say more about but did not!

Just listened to the presentation and great delivery by Shaun and the 2 last questions at the end if people do not want to listen to the main presentation which in the main (not all) is regurgitation of what many know are what i found the most interesting and telling in the answer. Worth a listen even if just the last 2 question answers. That West Dome could be a company maker in its own for production!!

Thanks Valuation - the issue for me is i have lost confidence in the mgmt and there ability to tell an investor story! The 1bn shares coming on can only have one effect on the SP unless they finance a deal that buys out the warrants so debt for equity swap as such although just cannot see this crowd being in a position to be able to do that. Will watch into the new year but did sell out this week.

Can someone explain why is Friday important as i thought buying could occur from the 15th of September and ongoing?

How above $500m?

There must be something been leaked that has a huge negative impact on the company eg an issue with the contents of the deposit through further investigation, the actual cost of building the extraction plant is excessive or the margins are too tight or a massive fund raising as this drop is excessive and on huge volumes. I presume we will know in the next week or two although the buy by the CFO announcement seemed to contradict any of the above. What do i know! Wait and see now and lets hope it is not Shaun stepping down and resigning or anything like that either!

This is not normal and there should be a speeding fine mechanism like the oz stockmarket when prices go up or down on no news and the company has to give an explanation as what has happened here is not normal trading - this is like a casino!

I should also state that we will have a fair idea towards the end of this month whether they missed target or not as there was definitely a leak PRE the revised guidance in July so we should know by trading in oz whether output is what market is expecting.

Great news that a large player is increasing there holding and that the short is being slowly eroded. All moving in the right direction if not the SP at the moment. I think when this goes it will be like the move from 2.30-2.40 range to 3.10 in a matter of days and be to a new high in my opinion.

The gold price as i write this has gone above 3660 again and has consolidated well above the 3600 mark and the news out of china the last few couple of days around easing the gold market imports and exports will only serve to underpin the current gold price. I am really starting to firmly believe the prices we have now are the new norm for a few years and yes we may get further upside as i noticed another bank moved its price target from 3500 to 4000.

All positive for GGP once it finally gets the run that it deserves based on fundamentals. The company though need to show they can do 250-300k ozs per year for now to get rerated and hence why this next quarter results are SO important for shaun and the team in my opinion. They miss the low end of guidance and this SP will be hammered!

Good luck to all holders and the lack of an RNS for the offtake agreements was the final straw for me and offloaded my last holdings today - genuinely hope that the funding comes to fruition and the 1bn shares that will come onto register soon do not hamper the SP growth if they do get funding. For me now the risk and lack of adequate reporting to market was final straw.

I would think our margin is better than 1388 per oz - like to know where that has come from?

The reduction in order book of $53m i should have stated would not have been the quarterly revenue!