Member Info for Sageman

MHO1, When I was at school 35% was not described as “most”. The intention was not to preach but to open certain people’s eyes to the wider opportunities in the gold sector. No intelligent investor puts all their eggs in one basket however good the potential. Comments here suggest GGP is being “held back” and “manipulated “. If that is true why not include other investments from the gold sector? FWIW I have seen many people learn the hard way that get rich investments rarely include the PI. A few recent examples UKOG, Angus Mining, Alba. COPL. Experience tells me never to invest more than 5% in a single stock. Experience that has been learned over time and at considerable cost. You may get lucky on one high risk , get rich quick scheme but normally you lose it all later. Fortunately, GGP is not in that category (FWIW I believe WSBN is - so a straight gamble with loose change). GLA

Spades, good post and you personally can trust who you like but paranoia is not helpful. You say that you don’t trust my industry. How do you know that the fund holds what it says it does? Good questions. Then I read posts about market manipulation and the Wild West of AIM. How the MM’s are “holding this stock back”. In contrast a fund has a fact sheet, it is FCA regulated, it has independent oversight with a board of trustees etc. Crucially the stocks selected are done on the basis of an investment mandate by professionals. If you but Jupiter Gold and Silver then it says on the tin what it will be buying and I have never yet had a client unable to sell at the published unit price. If you don’t like managers then just buy the GDGB ETF for diversified, low cost exposure to gold miners where the weighting of the index determines the stocks purchased.

FWIW diversified gold mining funds are up circa 70% in 6 months whereas GGP is up circa 50%. Plenty of action from the entire sector making my previous post more relevant. However, it does also show how the market has not yet taken to GGP following the inaccurate information on ASX launch and the fact that we still only have 7 months of production data and much drilling data O/s. This further adds weight to the argument that the GGP SP has at least 20% to go just to play catch up.

The only additional comment I would make is that due to Fixed costs miners will always be a geared play on POG especially where POG is rapidly rising such that results are behind the curve. Thus if you think POG will rise rapidly you would normally hold a greater exposure to mining stocks.

April 8th 2024!

I scratch my head when I read posts regarding physical Gold vs GGP. It suggests an all or nothing approach and little concept about the principles of investing which is all about diversification, liquidity and tax efficiency. My view is that you would 1st determine how much exposure you want to the gold sector. Then determine how much you are prepared to hold in a single stock, then decide how much to miners and then how much to physical gold. I hold Ninety one gold, Blackrock gold and general, Jupiter gold and silver, GDGB, GGP ,a tiny amount of wishbone and physical gold. My portfolio exposure to gold is at an all time high of 35%. It was zero until April 8th 2025. The point is that the whole sector is on fire and no one has time to analyse all the companies. The portfolio has just hit another all time high with September being my best month ever. Seriously guys if you diversify into the sector you won’t keep stressing about this stock being held back. I am enjoying the golden ride utterly relaxed as I await quarterly results, drilling results and DFS for HaV. FWIW I still stand by my view that £6 by Xmas is doable . This view is driven not by rampers/derampers on this board but my own research, input from Bamps and analyst opinions. GLA

Hi Panama, my point is that this is no longer an AIM trading stock with a 50m MCAP. We are now playing with the big boys as a solid producer. However, we have only produced 7 months of production figures, drilling is O/S and the HAV PFS is O/S. Investors await figures from last Q etc. However, if we do get what I am hoping for then we could see good gains. We just need the results. Mr market is saying “show me the money”. In the meantime the strong POG is supportive of the entire sector -enjoy.

It makes me so sad that traders are having to wait here for actual news!! Back in the world of investment we await drill results, production numbers and Have DFS. All due by Xmas. I sometimes think that too many here are like excited children that can’t sleep as Xmas approaches. Chill guys

I was just thinking. What would I do if POG kept hitting highs and producers were literally rolling in cash looking for their next ore body? Ass use that I had found something very promising and that SP had risen. Would I a) take it slow or b) raise cash to speed up my efforts in the hope of decent assays that would make a cash rich producer want to buy me out? People can have their conspiracy theories but I would do b! Here’s hoping for decent drilling results and a buyout. GLA

Element, this is not a games of cards down the pub and I have invested a fraction of what I have at GGP. I can afford to lose 100% of my investment and not give it a 2nd thought. However, I have followed GGP in detail. I believe that the whole gold mining sector is on fire and swimming in cash. The MCAP here is tiny and the Patterson continues to surprise (look at GGP). The geology suggests that WSBN have a good chance of success. Then what? I believe that another miner will buy them out using loose change. If you look at some of the recent mining results you will see that the cash generation is astonishing. Hence I use the word loose change. A number of miners could buy WSBN using only a few months of free cash flow. As I said earlier. If you think that the assays will be rubbish then just jog on. You are saving no one but managing to seriously annoy people.

I hold GGP and also hold this. If you believe the geology is the same/similar then forget the rampers/derampers and hold. If the assays are good we will be bought and good money will be made. The opposite applies if the assays are poor. Hold or sell - easy decision in the meantime I wish people would stop posting carp. Element your posts are good on GGP - so stop please.

GGP have plenty on their plate with HAV and West dome. I believe that they would not buy this before being certain of the costs of HAV - so earliest would be post DFS which will be late this year. Hav would need to be lower cost than expected, possibly west dome underwhelming, POG very strong and WSBN great assays. My view is that GGP do not currently plan to buy WSBN but never say never.

Aqua kid, GGP occurred at a very different time. POG was trading in a range below $2000. The whole mining sector was struggling under a pile of costly debt and thin margins. Today POG is circa $3700. The companies are paying off debts fast whilst others are awash with cash (including GGP). Our market cap remains tiny. We can literally be purchased from free cash flow by numerous companies. If our assays remain good we will be bought. There will be no years of us trying to fund the drilling and production. So no dilution, debt etc.

According to ASX we are up circa 38% over a one month period. Are we being held back or is it just that the Aussies were initially miffed that we gave false information at launch and that they await DFS for Hav , drilling info on Telfer and want to see more than just 7 months financial results? Personally, I think that the held back answer is tosh. I await the numbers , as does the market, then I expect the analysts sp projections to be fulfilled if POG stays strong. In the meantime I said £4 was doable by the end of September and that is now within touching distance . GLA

Hi Doozer, I also agree with Warren Buffet. The real sage . He invests in Berkshire Hathaway. It’s all one company, or is it? Take a look under the bonnet and you will see an exceptionally well diversified business.

-PJ, Aim is littered with high risk gambles and no reward except for the directors, mms etc. Jupiter Gold and Silver has more than doubled in 18 months. Vaneck defence up over 50% this year. Do you guys think real investing is a casino? Most high risk non diversified gambles change other people’s lives - not yours! GGP though is a unicorn - potentially. Enjoy

Spades, I am 62. I am also a fund manager! Diversification, liquidity and tax efficiency are key to any portfolio when combined with risk analysis. With all respect (please note I have 5 years of cash separate from the portfolio) anyone who held the funds and stocks per my post over the last 12 months would be smiling broadly. The exact holdings would be determined by risk analysis and the needs of the individual. I try to help here but when I read posts like yours I seriously wonder why I bother!

Guys, I am very happy with GGP but only a fool would place all heir eggs in one basket. The whole gold mining sector is on fire and diversification is key. I have physical gold, GDGB, Jupiter Gold And silver, Ninety one Gold and a smidge of WsBN. My Fixed Interest is in Aegon High yield bond. My diversified equities via Artemis global income. I have some Vaneck defence and some tech. I never hold more than 10% in individual stocks. Check my posts. I suggested this ages ago. My portfolio rocks and I hope that some of you guys have followed suit. With 30% in Jupiter Gold and Silver I can’t wait for the price to be issued at circa 6.30 today. It is champagne time with more to come.

Index trackers with tracking errors of 0.2% do not buy shares that are not in the index!!! As I have said my only surprise was that active fund managers were not buying. Nice rise in OZ overnight with today being their 1st trading day of our ASX 200 inclusion. All we need now are some drilling results. GLA

FWIW I am not sure that we “need” the Donald. However , the big picture is that he is a catalyst to accelerate the new world order. Russia, China and North Korea vs USA and her allies. In this new world order is the $ still the default safe option? Answers on the back of a postcard no conferring! If the $ is degraded as a safe haven , especially if interest rates are falling , what do you hold? crypto? Gold? Gold miners are a geared play on POG of 2-3 times. I am heavy gold .Yes buy GGP but guys …everything gold works right now. Enjoy the ride as the entire sector is rising and a rising tide lifts all boats.