Member Info for Sageman

Interestingly the site visit will have happened before we start trading tomorrow due to the time difference. I am wondering when the Aussies will start buying. The initial offering is tiny and will be several times oversubscribed. Do they wait until listing or start to build in advance using AIM? Gold remains strong so they know our numbers will be too. With Aussie institutions being forced buyers as we go through Q3 the SP must soon start to cascade upwards as it will also be driven by financial data and upgraded resource estimates.

Totally agree with Bamps and MHO1, We need our cash to develop both Telfer and HAV. The more we build our cash the ore we de-risk . Gold will not always be high and mining is rarely smooth. Trying to raise money in negative markets can be very expensive (dilution, awful interest rates etc). The market is littered with companies struggling with a sea of debt and their SP decimated. Take a look at Tullow oil. If everything goes to plan with no mining problems and gold north of $3000 a dividend may be payable in 3 years but 5 years is more realistic but only if the company believe that the cash could not be used for more growth.

Gaga/Gigi, suggest you back test the RNS history here. Mike ( complete liar) will say he is completely funded then a short time later do a capital raise. Sadly you can’t trust what the walking four letter word says. A pathetic excuse for a CEO running a lifestyle company.

Reminds me of UKOG (u complete dog) . Another incompetent CEO over promising and always under delivering. I await some cash from Petro China (show me the money) and a competent JV partner. I read the ramptastic posts here with a pillar of salt. 30p Lol! I was hoping for 3-5 and hold (only a few) in the hope that despite Mike we may hit it. In the meantime dumb bird has been exposed as the idiot that I said he is.

It would be great if a meeting could be further south and more central to the spine of the U.K. (where the population is). Peterborough, Northampton Cambridge etc all look very accessible. I guess that the venue most reflects the location of the presenters. However, I wouldn’t be adverse to paying an entry fee to gain access to the meticulously researched information being presented.I am in Ipswich so the venues suggested are closer but hardly on my doorstep.

Freddie, Bamps deserves respect. In contrast you are a CU next Tuesday not fit to clean his toilet.

Hi Dip, totally agree. Charts etc work with "normal" stocks. But for GGP I don't believe that they are that helpful at this time. For me GGP is a Unicorn. I have only come across a share like this twice in my life. Normally PI's get screwed.

I am told that the stock market is a mechanism for transferring wealth from the impatient to the patient. Where GGP is concerned I believe that this is definitely true. I find the charts of interest mainly because so many follow them that they become self fulfilling. However, they are not really built for a GGP scenario where we have so much expected news flow. The most useful chart is the Lassonde curve (generic not GGP specific). The other most useful piece of daily information is POG. Every day the POG ensures cashflow above analyst expectations. As I said a few weeks ago "for what you are about to receive may the Lord make you truly grateful." I am not trading this. I am holding. Enjoy the ride.

Recent trend is weakness am then strong PM .This has happened pretty much daily.

EMC2 - your formula assumes POG $2100- £2400. That is $1000 out!

Gwm, most UK analysts have hardly given it a glance. Many investment mandates exclude AIM listed , non dividend paying penny shares. Others have excluded it due to lack of data to analyse - 1st gold pour was December 2024. In contrast on ASX we will go into the top 200 stocks. Soon after we will get another quarter of production numbers in black and white and a host of RNS’s regarding drilling. The POG assures us that Q2 numbers will be good. This is the reason for the expected re-rate as we go through the year. Enjoy!

Jester, I would like the sp to rise like all investors. I am however not “desperate”.

Does anyone know if the prospectus was issued Friday morning Aussie time or Friday morning Uk time. If it was the latter , due to the 8 hour time difference and uk bank holiday , tomorrow will be the 1st real opportunity for Aussies to react/buy prior to listing. I am in for the long haul but the short term price action will be fascinating.

What I do know is that as they entered 2024 gold had hovered around $2000 per oz for 5 years and Newmont owed $8bn. They had several Tier 1 assets and funding Hav was not attractive. Through those optics they wanted out. Fast forward to May 2025 and Hav appears to be self funding from Telfer, Telfer may run simultaneously with Hav for a number of years and gold is north of $3000. Good for us but not a disaster for Newmont given the value of their shares.

Freddie, why do you expect anyone to know the detail and rationale for the retail offer when the company are going to write out separately with details. We don’t know what we haven’t been told. So we can’t answer . Which you know already!so it a pointless non question….

Freddie, everyone knows it’s just you who doesn’t! We go from being listed solely in the U.K. on AIM as a penny share where many institutions won’t touch us to also being main listed on ASX . We will join ASX200 and shortly thereafter the 100. The Aussie instutions will buy, the trackers will buy. Basically little league to big league. This should make the sp fly.

No worries Martin. Newmont may still want some cash but the need is less acute than previously so they may prefer to let this roll. The prospectus should reveal all.

Master at that time Newmont had over 8bn in debts. That is now circa 6.5bn last I looked so the need for cash will have reduced. They are enjoying the same windfall cash from the elevated POG that we are. I eagerly await the prospectus for details.

The Aussies are 8-10 hours ahead of us. The prospectus is for ASX investors. Does anyone know if it will launch with a 7am Uk RNS or be released early doors to the ASX market. The prospectus is due tomorrow. If the release is per Aussie 23rd time they could even RNS it this PM in the UK.

Martin, they had a right to buy at 11.9p . They were paid 6.64p which would have needed an sp of circa 18.5p. It is all in the RNS.