Member Info for Sageman

Victor , we are 7x profits but the sector average is 15 x. Rerate 1) if DFS confirms Haverion can. Be funded from cashflow with no debt =15x . rerate 2 if Telfer has mine life extended to 15/20 years. But Rerate of what? I think you will find that production would at least double. So if all bodes well sp = 4 x current value in 6 months . POG and news flow are key. I am happy to hold. GLA. In the meantime , traders …you bore the pants off me so give it a rest. We await the RNS’s.

Crex, really! The only thing I agree with you about is that I don’t believe that Poulden will build anything. If the assays are excellent we get bought out by miners who are cash rich and have know how. Whatever, Poulden may have done in the past, there is only one thing that will determine future actions and that is assays.

JB, everyone here knows that you wouldn't value a company on 15x earnings if you thought they would only be in business for a few years. We get some benefit of the doubt - hence 7x. We await Telfer assays and Haveiron DFS. These events are fairly proximate. I expect a re-rate when results are known but in the meantime the BOD is performing exceptionally well operationally. Everyone also knows that the BOD have no control over the stockmarket. My view is that when results are known the SP will look after itself (up or down). In the meantime your posts do you little credit

History can make you look like a fool but Newmont thought they got a good deal. This deal would have been planned long before September 2024. For the previous 15 years POG had averaged 1500 and had peaked a few times at circa $2000 before falling back. Telfer mine life did not look great, Telfer grades were falling and Haverion needed paying for. If you read Newmonts recent results you will see that they have needed the spike in POG for much needed capex elsewhere. So, actually walking away from GGP with cash and no more liability seemed sound. The rest is history with POG and excellent management making GGP a great deal for us. However, in early 2024 no one old have forecast the current situation.

The BOD has no control over the SP which is subject to irrational sentiment and manipulation. I want the BOD to concentrate on the drilling and the assays . If those results are good the sp will respond positively and vive- versa. Too many here think that the job of the BOD is day to day control of the SP. Management need to focus on running the business. I am sure they will communicate when there is something substantive to say. FWIW we similarly await drilling results at GGP. I guess the labs are busy…

I just watched the video. The bits that caught my attention were that west dome deeps underground has higher grades than Haverion! Also I heard Shaun say that Haverion is half built. Also that they have 10 rigs drilling. Institutions need proof before committing client money but PI’s have more freedom. I look forward to the DFS for Haverion and the assays that prove the multi years mine life for Telfer. I am not interested in the daily SP moves £5 by Xmas- enjoy.

I am happy holding GGP with all its nuances and intricacies but if you want a diversified play on gold GDGB and GJGB are lovely diversified gold mining ETF’s - both up over 4% today

Element the reason that we are “undervalued” vs our peers is because we await Haverion DFS and drilling results from Telfer. At present the market does not know whether Telfer has a life beyond 2 years and the costs and timeline for Haverion. If the results are positive we would re-rate. In simple terms why pay 15 x earnings for a company with only 2 years of production? We are on 7 x earnings. Telfer mine life extension could see us re-rate to sector average ( so it doubles!). Positive DFS on Haverion would be on top. Lots to play for over the next 6 months. A number of analysts were saying 25-29p by Xmas and that was before POG went above $3200. It is why I have repeatedly said that £5 by Xmas is very doable.

The close proximity to Telfer and Haverion combined with Wishbone RNS bodes well. However, in the absence of assays we have a pile of dirt. Binary from here dirt or gold. For me a measured gamble and if I lose all my money then so be it. In the meantime I am not letting Flightman (aka bird brain) or anyone else persuade me to buy or sell until I see the assays.

Flightman, you are just a shorter. I await assays and you know no more than anyone else. If you had insider knowledge you could be jailed. The assays will determine whether we make or lose money as opposed to anything that anyone says on this board.

If you Google largest gold miners by market cap the top hundred come up. The bulk are in the USA/Canada. All the gains currently displayed happened post ASX close. As Element says these gains bode well for the Aussie market tonight especially with POG. Continuing to rise. GLA and thanks Bamps for your continued phenomenal geological input.

Discovery silver is the top holding of Jupiter Gold and general. I have retained GGP throughout , sold almost everything else on 17th October and started reinstating a few days ago. GGP £5 by Xmas as forecast by many analysts. GLA

FWIW I expect assay results this month - basically up to 2 months from late September depending how busy the lab is. Also they are clearly looking at lots of samples and I suspect that WSBN don’t want to come back piecemeal and half baked. In the meantime the fluctuations in the sp are just a distraction. I bought in the hope of good assays , if they are poor so be it. A high risk gamble win or lose but I am not wetting my pants on a public BB on a daily basis. What will be will be and in the meantime chill. Never bet money you can’t afford to lose!

Interesting chart interpretation. However, the real news is in the Haverion DFS and Telfer assays. If POG stays strong and this news is positive the current chart extrapolation could see a major breakout on the upside. POG is down from its highs but it is priced in $. The $ has strengthened.

I think that posters would do well to forget the past and concentrate on RNS’s from April onwards. Since intersecting something that a layman might call very interesting the RNS language and management has changed. Management are clearly excited (see August RNS). They have done a raise to drill baby drill. Previously they were are lifestyle company scratching about in the dirt with POG $1500 to $2000. Now they are seriously trying to find a tier 1 mine whilst POG is circa $4000 and miners awash with cash. We await assays. Also, there is a saying that the best place to find gold is where you have already found it. Geology does not vary hugely over a 10 mile radius. GGP look like they have not only found Haverion but also another mother load at Telfer. We await assays, end of.

I read the announcement. I understand the consolidation. The bit that confused me is the deferred B shares , Why? Also listing on Aquis, Why?

Thoughts anyone please

Miners are awash with cash. Very different to a few years ago. If the assays are positive I suspect we won’t need to raise as we won’t build it. We should get either bought out or be carried by a cash rich JV partner.

Hi PJH, I missed a zero, or maybe two, lol 😂

FWIW , I hold 0.5% of the value of both companies.

No worries Nomad. I hold the same % of this company MCAP as I do GGP ( so much more money in GGP). Fingers crossed for both. GGP is an investment, this is a punt. I am happy to hold both.