Member Info for Sageman

I am happy with GGP but accept that POG makes it volatile. The most useful post I read was one on here circa 3 weeks ago saying that it is trading in a range up to 740. When it hit 740 around the 15th I sold my trading balance which I increased to 25% plus 80% of what I held in the ISA for my Mrs. I kicked myself when it hit 760 a day or so later but am happy now (but the best bit is so is the MRS!). It will be interesting to see if we revisit the March lows. Happy to retain my core and trade some on the side.

Bubble and Mirasol, I am not sure what point you guys are trying to prove/make. It is well documented that the management badly messed up and the sp/share suspension are testament to this. THAT IS THE PAST. Investors are SOLELY INTERESTED IN THE FUTURE. I have put this in capitals so that even you guys understand! I had expected liquidation and zero return. We will now relist. Forget 2p, 3p etc will we see 0.5p? Constantly drowning on about why we got into this mess is just boring. So you lost money, hopefully only a few quid. The question now is will there be a tradeable bounce on relisting?

Bubble brain , you are delusional. PI’s will get some money back. This is not a 100% loss scenario. You said there would be nothing for PI’s…you were wrong. At no stage did I say this was a good investment. At no stage did I say that the management were good. What I did say was that the war combined with the hedges and the micro management of the creditors meant that there was now a chance of getting back some money. You have denied this potentially throughout.

Bubble, actually not everything you have posted is correct. You were horribly wrong as Push and wrong as bubble brain. You have talked about PI’s being wiped out. Others here have talked about going from a 100% loss to getting something back. This share will reemerge from suspension and PI’s will get something money back. You said this could not happen. Having been so wrong, so often why do you post?

Bubble, you claim to have sold at 1.7p but also hold. Fine most people trade so big deal! FWIW, it will take certain facilities years to come back to full production and in the meantime storage needs to be replenished. So the increased demand will persist as will the elevated hedges. But back in the real world we paid off £7m of debt per the accounts and with elevated gas prices and creditor controls our debts are falling. This is in today’s world Push , so don’t bore me with historic stuff…YAWN!. With every £ of debt we repay our position is stronger so I am in no hurry for a deal. Small beer but back in the main world of investing what a fantastic few days for investors (unless you were long $ or long oil, lol).

Well bubble that £1000 must be your sole investment or you wouldn’t be here boring the living daylights out of us day and night! It also explains your inability to read company accounts since you clearly have no professional knowledge in any financial sphere. Interesting posts PB. Saltfleetby , irrespective of current production, is a massive storage facility. I mentioned this fact in previous posts. If bought for storage we won’t need decommissioning costs. In the meantime costs controlled by creditors and war inflated gas prices are day by day restoring the balance sheet. GLA

Bubble/Push…I probably have far less here as a %age of my portfolio than you even after you sold. For me very small beer, a complete punt like the vast bulk of posters here. I suspect that your time on this board reflects that in reality you screwed up by investing a large amount and now feel very bitter. Sad really!

What this volatility in our sp shows is that whilst GGP is a tremendous company the POG is critical to the SP. Some of the posts here have been at best unfortunate regarding Trump, Iran etc but mining stocks are all a geared play on gold so speculation on its direction is inevitable. Whilst certain posters find it irritating if POG was $1500 our sp would be £1 but to be clear I am in the £10 sp plus camp. GLA

Zoros, the Russians already have missiles that could reach the USA from Iran. Some may be for sale. Add in a nuclear war head and you have Pearl Harbour on steroids..

You need to be in Cyrus for 3 years to not have to pay the tax back. 5% tax. Don’t buy in Cyrus (Napoleonic property rules)just rent. No CGT, No IHT. Paphos is lovely. A client of mine spent 89 days in France, 89 days in UK and the balance in Paphos. You need to be out of UK for 10 years to avoid IHT. I have researched this in detail. Hope it helps

Bubble, I will say it again. Stop being lazy . Read the accounts. They go into several pages. Compare the debts and how non current and current debts have moved. The overall impact is to reduce the TOTAL debt from one year to the other by £7m. The current debts have increased but the total debts have fallen.

In terms of the SP if it comes back to the market, I haven’t got a clue. 0.1p, 1p ? Who knows but anything beats the 0p that I had previously expected.

I remain confused that no one wants to discuss the current results. Debts down £7m. It is quite clear that the creditors have taken a firm grip instilling much needed financial discipline. Bubble , if creditors are controlling expenditure and revenue is up we are producing free cash flow. The accounts say we are spending £18m pa (all in ). That includes interest . So if we are now producing circa £2,5m per month in revenue we are producing circa £1m per month in free cash flow.

WG - you need the report and accounts closely. Current liabilities and non current liabilities. Current liabilities have increased but non current liabilities have reduced. Overall a £7m reduction in total liabilities. I agree the elevated gas price has offered Angus a potential life line whereas previously I had believed this was a wipeout. My sole argument here (which Mirasol and Push/bubble refuse to acknowledge) is that there is now a lifeline where previously none existed.

Wrong. I was prepared to pay. But I asked certain questions. The silence was deafening!. I genuinely wish CAG well . We were all duped by persons who were allegedly criminals.

The decade prior to 2024 (not 2004)..lol!!

Hi Bamps, I understand where you are coming from but for me it is about the quality of the posts. Your posts regarding the mine and the geological opportunities are excellent but we do not live in a vacuum. If POG was back in the rage of $1500 to $2000 as it was in the decade prior to 2004 the SP would be sub £1 and the whole economic case for Telfer would be different. No money for extra drilling, loans , debts , dilution . indeed the very situation envisaged prior to us being sold off. Miners are are geared play on POG so like it or not the broader debate about issues impacting the POG are extremely relevant to GGP. As I say my issue is regarding the quality of some of the posts but I just skip those.

Mirasol , I asked why you SOLELY see a world of shareholder wipeout. There are other potential options. I reiterate that debt has decreased by £7m according to the accounts. The issue is that the debt has moved from long term. Debt to current debt and the suspension etc. In the meantime assets exceed liabilities, liabilities include wind up costs that may not apply is Saltfleetby is used for storage and currently our monthly income exceeds outgoings by over £1m.

When you and Bubble speak there is never any reference to the accounts. But as I say to Push/Bubble don’t let the facts get in the way of your argument!

Ok Mirasol, but in a parallel world debt is reducing by circa £1m per month and the lenders are breathing more easily. It would suit them nicely for the shares to come out of suspension and the company to still have access to funding via the stock market. A stronger balance sheet combined with stronger forward pricing paves the way for continued debt reduction and perhaps a placing to reduce debts. I have no idea why you and Push solely see a world of 100% shareholder wipeout when clearly other options are becoming possible.

Hi DM, I get where you are coming from. If you hold an opaque investment like a with profits fund you could end up holding dross. However, if you hold a modern pension where you make the investment choices then you should know 100% what you hold. As an example if you hold GGP in your pension you hold a unicorn!

I seem to remember Prince Andrew paid out some money with no admission of guilt! Once/if a payment is made, admission or not, word will get out and the floodgates will open. However, the path then will be swifter and cheaper. However, I still do not know why Cotter blanked me once he knew who I was…I enquired in time at outset.