Member Info for Sageman

Hi Jtop, I hold physical gold but I also hold gold miners for precisely the reasons you state. Mining is essentially a fixed cost business which makes gold miners (indeed all mining and oil companies) a leveraged play on the underlying commodity. You only have to look at the analyst predictions for POG in 2025 to see the opportunity. No one predicted this gold price. I crossed my fingers that we would get $3000 for long enough to fund Hav. I never expected to be $3400 plus. The impact that this makes is colossal for the whole sector in terms of cash generation, debt and the ability to self fund drilling. A rising tide lifts all ships and continues to derisk GGP as each day passes. GLA.

FWIW, I initially expected WSBN to have a 2 day rally then fall. However, I also observed the low MCAP. As the rally has continued I bought some as a high risk punt. Only 0.25% of my portfolio. This makes no difference to my GGP holdings

The talk here is about the SP. The talk should be about the market cap. It is still under £50m. Given the potential deposit this has much further to go. What is needed is a JV and results.

News is coming and very soon. Will we be in the ASX200? - We will know by September 5th at the latest. Hav feasibility report? By end of Q4 . Updated Telfer Drilling results ? Expected with quarterly results. We await news. It is August 26th, it is not like we have long to wait.

A lot of comments in recent days from people who would be more at home in a casino than running an investment strategy. We are a gold producer and are developing our mines. A very different risk to non producers drilling in hope. POG is strong. Everyone sits on hands to see :

1) will we be in the ASX 5th September.

2) Telfer drilling results

3) Hav Feasibility report.

We have much news to come and things will soon get moving, one way or the other, on news. Some of this news is due within days. All news is due this year. Plenty of excitement ahead. I struggle to understand the infantile lack of patience from some posters.

GGP, 😂

FWIW - WSBN have indeed potentially made a great discovery. However, typical sp action is spike on news for 2 days. Then realisation that it all needs validating and will need a ton of money = loans& dilution in the absence of JV. Sp then tanks. Much better off with an undervalued solid producer. I have made good money by buying on day 1 of news and then selling well before close next day. GROC was a good recent example. WSBN may be different - tiny MCAP but….can we now get back to GPP!

That’s fine Ian . I think you missed the bit that they are voting to reduce the qualifying period to 3 months. Results due 5th September or sooner . Voting closed 15th August.

Hi Culpepper, I thought that 10% was sold and that the other circa 10% (which Wylo had /have the call on) had been placed at SD's disposal. I can't access the admission document. Apologies I must have misread. Thanks for correcting me.

Great post Timber. Looks like we will know by 5th September at the latest. In the meantime our inclusion in the ASX200 looks highly probable albeit not guaranteed. I wonder if SD will be releasing some of those shares that he has control over to ensure the necessary liquidity (if needed).

Fantastic post no8. I hold Jupiter gold and silver and had noticed the recent outperformance vs ninety one gold. I will increase my silver. What vehicle do you use for access to silver? Thank you in anticipation.

It’s all about timing Speedy. The 5 years prior to 2024 were poor for gold and gold miners. Indeed if you purchased Black rock gold and general 5 years ago you would have been in a loss until January this year. So that is over 4 years of missing out on the gains in the s&P and tech!. If you invested in gold mid 2024 and gold miners in general at that time you would be very happy. But don’t buy Blackrock gold and general as there is a buy in cost. Ninety one gold is free to buy .

Speedy, with respect I suggested using common sense and being flexible and I gave an example of how my asset allocations have changed over recent times. As an example Vaneck defence has beaten gold hands down year to date. Also whilst I am at it you seriously need to stop ramping gold so much , it is embarrassing. We can all read the charts. Over time gold has done well but has suffered some pretty flat periods. There were some interesting articles posted over the last few days that showed how flat gold had been in the years immediately prior to 2024 and the resultant forecasts as we came into 2025 and why Newcrest sold GGP. The analysts are still revising their forecasts but a number expected mid $2000’s for gold in 2025. It is why our SP was sub 5p. I jumped in here on the back of excellent analysis by Bamps (on the mine) and a view that if POG was north of $3000 and sustained there was a lot of money to be made. I watch gold like a hawk.

Some interesting thoughts Guy and element. The bit missing is to also apply common sense. I had 5 years of expenditure sitting in cash because geopolitics are off the scale and NSand I was paying over 5% guaranteed in a world where inflation is currently lower. I don’t currently like gilts so my fixed interest is in Aegon high yield bonds. Check it out the returns over the last few years have been very pleasant. Thereafter I like well diversied holdings . S&P ETF’s yes. But also Artemis Global Income and Vaneck Defence. Portfolio is now 20% U.K. whereas last year it was 5% U.K. Gold circa 10%. Money never sleeps so rotation and being watchful are essential. I typically only hold 10% of my holdings in individual stocks so GGP at 7.5% reflects massive faith. I guess the point I am making is that you need some sensible rules to give you a track to run on . Thereafter be flexible. A good example for me is gold. Going back 2 years ago I had none. Now 17.5% including GGP. GLA

Spades it is not a theory. It is in RNS correspondence. They realised share options in the run up to the formation of the new co. Those options were issued at just under 12p. The sale of the options was just over 18. They subsequently purchased shares at virtually the identical price as the original option prices. The sp was bought down from circa 15p to enable it to happen. All above board and coincidental but it seems to have created a bottom for the sp.

Wiltshire man . In terms of my predicted bottom it was one that we were pulled back to previously. The directors had options just below 12p. They sold them at approx 18p as part of the restructure with the sp at that time circa 15p. Then as if by magic a few weeks later the sp was circa 12p and they bought in again. In terms of my other predictions. Shortly prior to the results we had been circa 360 and had already come off 10%. The move on results would normally have justified a 10% drop (but we had already had it as we were trading at 330). So for me 330 makes sense. My 400 end of Q3 target is simply based on the fact that the analysts have quoted 500 to 580 and I am expecting an ASX bounce late September. No crystall ball, no entrails just trying to apply some common sense.

I have been reading my recent posts from immediately prior and post results. I said that I thought that around the directors buy in price would be the bottom and that I would not be surprised if we were around the pre results price at the end of August (£3.30). Also that with ASX inclusion in September and analysts projections a push forward to £4 is not unexpected (the analysts are projecting £5.80).I seem to be right with the 1st of my predictions and I cross my fingers that the others aren’t far off the mark . GLA - nice to see a positive day.

I have watched the sp every day in the UK and do not believe that the Share price has closed on any occasion below a mid point in the region of the directors share options. I believe that this is the bottom (until the market proves otherwise, lol. But I doubt it will). In which case this is a relatively low risk entry point for this type of stock. GLA

Tangerine man this is old news. The company has already responded. Is that your best deramp?

Plode sees the bottom every time he looks in the mirror (a.r.s.e). The sp is not down 30% this week Plode! We continue to close around the director share purchase price. Hopefully a bottom (not you Plode) is being formed