Member Info for Sageman

Some thought provoking posts . FWIW my view was always that the ASX listing was planned in 2024 with very different optics around Telfer mine production and POG. I believe Shaun felt ASX would allow him to raise money better.Things changed but they still went ahead with it for the reasons listed. There is much here for conspiracy theories and to be fair PI’s are always the last to know. I will not speculate. However, people seem to expect an sp to operate logically all the time. It does not!Short term it is hostage to sentiment and traders. The big question for me is has anything changed since the results in terms of the actual business? POG still strong, Cash still building, Telfer mine life being extended, Hav still the prize with feasibility results O/s. My answer is no at a fundamental level. I was disappointed with drop in gold production and revised conservative forecast. However, the bigger picture is unchanged. The analysts projections are little changed and we should still be ASX 200 IN September with forced buyers. I had no intention of selling out in July albeit a top slice at £4 would be nice in the coming months. I guess the reaction here is classic where short term traders pile in , bet the farm thinking they are in a casino guaranteed to double their money next week only to find it is a longer term hold. GLA - I still believe that the patient will be rewarded here with the price north of £4 post feasibility study but nothing is life is guaranteed (except death and taxation).

I stand corrected Rotherby, I thought that the figures were released at 3pm Sydney time. Thanks

I believe that much of the initial reaction was due to the results coming out close to Aus market close and the unconvincing presentation. There is still a lot of analysis needed. If POG holds up and Hav feasibility study is good then the future is very bright. The market now needs numbers regarding drilling. In the meantime the guidance of 65,000 - 77,500 OZ of gold per quarter would seem to have triggered the initial alarm. I remain fairly chilled. The SP was 13.2p on May 22nd. I wasn't worried then so why should I be now? In the meantime the company has banked more cash with POG over $3000. The biggest risk here was always how to fund HAV particularly if there was a gap between the end of Telfer and Hav production. Add to that the feasibility study and POG. I said on Sunday that there was nothing more to say and that we just needed the numbers. Well now we need details on the drilling. I think the market would respond positively to any news around producing some of the higher grade deposit at Telfer (but I will leave that to Shaun and Bamps to explain).

Plode we were 13p on May 22nd which is 260 today. Mining is always volatile so excuse me if I am not getting excited about the SP. The financials are a little disappointing but basically sound so I await Bamps analysis to confirm that the mine is in good shape too.

Sydney is 9 hours in front of the UK and the results included a presentation. IMHO I don't think that the ASX market has had time to digest and analyse the results . Nice to see Telfer being talked about in 2029 (so crossover). The financials look robust but perhaps a bit disappointing to see nothing about drilling results. Production guidance conservative . Production 78 vs over 90 last Q so disappointing as were grades. I therefore get the tree shake. I await Bamps analysis. He will in all probability confirm that this was entirely as expected that we would be processing lower grade ore this Q. Markets normally buy the rumour and sell the fact or sell the rumour and buy the fact. In contrast the market did very little prior to the results. My expectation is that once the analysts study the fine print and get over the headline drop in production we will end August little changed. It really is about production, Hav feasability study and POG.

We seem to be having a quiet sensible Sunday and to be fair where GGP is concerned there is nothing to say. We await the numbers.I was looking at my portfolio and thought I would share some standouts. In fixed interest (in lieu of gilts) - Aegon high yield Bond. Equities - Artemis global income (expensive but wow) , and a bit of fun Vaneck defence and aerospace. Most people here will have direct equities (like GGP) but also a wider portfolio. If these funds have not been on your radar and you are bored today they are worth researching. Happy Sunday guys.

It is too early for a sector upgrade on one set of results but Newmont up over 6% on results. Our move should be more dramatic (especially if accompanied with positive drilling results) as analysts have so little data on GGP. Bring on the 29th…

Cheeky, if you were expecting a 9 month life at Telfer and POG at circa $2000 as it had been in the 5 years up to 2024 and had Hav to fund I would say that 4.8p (96 p today) was generous). Newmont had several billion in debts. Happy to walk away. No wonder GGP wanted an ASX listing to raise the capital. Fast forward to 2025. POG now circa $3400. Production up a third, costs down, Telfer mine life possibly 5 years plus and several hundred million in the bank different story. So different that the analysts are predicting 25-29p (500-580). To be clear Cheeky that is the analysts as opposed to the rampers. ASX200 entry guaranteed in September with forced buyers. Financial results due on 29th July. Lots of drilling and resource updates imminent. If I have missed anything out please excuse me. In the meantime please go and troll elsewhere!

Sadly we now seem to have attracted some walking four letter words to this site. The simple fact is that respect is not given, it is earned. When a poster 1st arrives full of bile and opinion they do themselves no favours. That foolishness is then compounded when they are rude to those who have spent years building credibility and respect.

Since my email I have done some digging. I have not found anything that would have pre-warned an investor that GGP could not be held on Aegon platform. I have checked numerous documents. Also if you google can the Aegon platform hold ASX stocks the AI bot comes back and says you can. I think the disclosure route has the best chance of success IMHO . Good luck.

MF, I understand and applaud your motives. However, the Ombudsman is actually not a single person. There are loads of individuals. Each case is assigned their own individual to opine. What you need is one person to have their case upheld and let everyone know. The Ombudsman is usually sympathetic to complaints from the general public and less so to those that have been professionally prepared. I hope this is helpful. The question is why Aegon have had to sell down GGP shares when others have not done so. If their investment mandate does not allow ASX holdings then from a regulatory perspective they have no choice. In which case one would look at the matter of disclosure. Did Aegon transparently display this constraint at point of product sale? Is it clear from their literature? I hope this helps.

I think that what is being missed here is that the institutions await data. In the case of GGP the lack of data is most acute because there is only one quarter to go on. However, the whole sector awaits data. The impact of POG at current levels (circa 10% higher than Q1 and over 50% higher than the preceding years) has yet to be seen on balance sheets. However, whilst the analysts await data and in our case also drilling results as PI's we can do our own calculations. My view remains that as every day passes this project is de-risked as cash floods in and that on our elevation to the ASX200 at the next quarterly rebalance our SP should be in line with the analysts predictions (29p in old money so 580). Thereafter I think the sp may trade sideways until Hav comes into production depending on drilling and POG but the next 3 months should be very nice indeed. GLA

Agreed Tim, I purchased shortly after liberation day in the low 60’s with a dividend yield over 10%. NAV over £1 and you can still buy at a huge discount. Even with the rise the dividend yield is exceptional. Perfect for an ISA or for a pension drawdown account (as a small holding).

Velo, I have been a CEO for 30 years! My company makes money and hits it targets. Buck fleeces share holders, over promises, lies, under delivers. The only reason he has no debt is because like SS at UDOG he raises money from AIM. Being a CEO is not easy but if I performed as he does I would have been sacked years ago. The man is simply dreadful.

Troll, you are welcome. Sadly you can't sell because it is suspended in case you hadn't noticed. I check in from time to time just in case something has changed but it just gets worse. I have no intention of buying at anytime in the forseeable future. As I said those with any sense sold out years ago and refuse to give SS any more cash. You seem like a nice chap so keep investing/ giving SS your money (when it comes out of suspension) and I will cross my fingers for you.

Troll hunter with respect . What a load of rubbish where U complete Dog is concerned. The "patient" have seen losses of circa 99%!! Those with any sense removed their money years ago and invested elsewhere. Sanderson never buys shares he is delusional (choo, choo!!). He treats PI's as thick idiots whose sole role is to give him money. Lets face it no bank would.

Mike Buck is clearly a blood brother of Sanderson (of UDOG infamy). My holding is small but I still hate watching it fall. I thought we would get a summer drilling spike, perhaps we will...next summer. This share proves why you should never over invest in any holding. Buck should be held to account legally for his actions. He says fully funded...then dilutes. He says all is going well...the opposite is true.

In old money circa 37m shares traded today on AIM. Lots of ridiculous talk here about lack of liquidity. Well shares are being traded. If the market is dead the traders move the price to stimulate buys and sells. The reality is that people await data. Lots of people here happy to slice some of their overweight positions over 20p (400). Also lots of people looking for closer to 30p this quarter. There will be sellers if the numbers are right but in the meantime patience is required. Lastly, please stop bleating on about dividends. This is a growth share with much capital expenditure needed. We are fortunate that production, POG and extended Telfer mine life have meant that we may not need to borrow. Dividends are 3-5 years away IMHO.

The gold mining sector is down circa 8% from its peak….about the same as us……anyone doing research would know that there is no GGP crisis.

FWIW Bamps has great knowledge regarding the actual business of mining. I don’t think he would claim to be a financial expert. I believe Bamps view is that the mining is going well with exciting developments ahead and that therefore (assuming POG stays buoyant) profits will flow and the sp will build. I am happy to rely on Bamps for OP’s and myself for financials. I believe that POG will remain elevated but what I know is that every day at these levels de-risks the project. DYOR