Member Info for Sageman

I think that people need to remember that we now have a number of institutions on board. Institutions often carry out monthly rebalances. Thus if they decide to have 2% max in GGP and it goes to 2.5% of the portfolio they need to sell 20% of their shares. I bought shares for my daughter in February at 7.5p. If I was an institution I would be needing to sell circa half. This is exacerbated where the other parts of the portfolio have fallen .

The presentation was useful . Nice to hear Shaun confirm that as a shareholder himself he does not want more dilution. Also he confirmed that Australian companies are able to buy cross listed shares on AIM. So from day one the pensions funds in Australia will have access to GGP via Aim once the cross listing is completed.

Mine also says starting soon

Rotherby, interesting analysis. Northern star is a 13bn mcap. We are sub 2bn. The potential to increase our mcap with a corresponding rise in SP is clear. GGP can bag many times from this level in the coming years assuming things go to plan.

MF11 well put. Trackers don't buy immediately before the rebalance date or thee would be a spike. What we will see is a quarter of steady buying from across the Australian investment world. Knowing that the trackers must acquire will add confidence to other buyers. 20-25 (£4-£5 in the new world) incoming in the next few months. My birthday is May 23rd . The date of the ASX prospectus. Financially I think this will be an amazing birthday present.

The thing that bothers me most is when we list on the ASX and enter their indexes. The tracker funds will be forced buyers . I feel so sorry for them. All that money chasing our shares, lol!!!!

Other posters have mentioned it but I strongly recommend that everyone googles Lassonde curve. Our previous peak in 2001 was just south of 40p. We had circa 4bn shares but only 30% of Hav, Telfer had a shorter mine life and gold was under $2000. We now have 13bn shares, Telfer batting longer and 100% of everything with gold north of $3000. The Lassonde curve shows the sp going higher than previously. So mid 30's can be taken as the same given more shares plus 100% ownership. So perhaps 50p on normal Lassonde but how high with all the additional factors. I said a 3-5 bagger with the sp circa 13p and do not believe that was unrealistic. GLA

Rbrand, suggest you do some research. You bought a few years ago. Thereafter do no research and every now and then say something. It’s now nearly a £2bn company with £millions in the bank. I will leave it to you to catch up…

Gold back over $3300 and gold mining stocks trading on non U.K. markets up nicely today. A blue day for GGP tomorrow just to play sector/systemic catch up. 😁

Totally agree Element. My experience is that until miners generate cash you normally lose unless you trade spikes due to cash burn and the resultant dilution. The big change here was POG coupled with the mine life extension at Telfer to fully fund. Having Shaun to then optimise operationally will hopefully maximise shareholder returns. My investment here was tiny until I had some visibility on the cash flow.

Good spot Harrogate 😀

This is cross listed so shares can be bought and sold on both bourses.

Endeavour has debt of 0.88bn and has net earnings of 180m. As I said use the site . It has all the information freely available.

I recommend everyone googles gold miners by market cap. You will find a site that lists the top 100. You can then look at each company in terms of revenue, debt , P/E ratio etc. we are currently shown with an MCAP of 1.8bn. The top is Newmont at circa 42bn. Then play with your calculator assume Telfer and Hav are producing together at 600,000 oz at $3000 per oz. We have no debt other have billions of debt that needs financing. It doesn’t take a lot of time to work out that a MCAP of 20m in 3- 4 years is not unreasonable and that 10bn in 2 years is similarly not unreasonable. This goes back to my original view that a 3-5 bag over that timeline if doable. The thing is though that this assumes future earnings based on very little data. The analysts will need more data for the rerate. I am expecting big things from the prospectus that is being worked on for the ASX launch. Time will tell. GLA

Ian great post but GGP sells gold which is priced in $. The U.K. economy is irrelevant when you are hauling gold and copper out of mines in Australia.

Actually, companies do buybacks frequently. Sometimes they buy and cancel. Sometimes they buy and hold and use for share options etc. The fact that they would be purchasing for liquidity on cross listing may not be illegal. There is a specific transparent process for buybacks. I think the question is worth asking. They would not be trading. They would buy x per day. The shares would then be sold at an agreed price to institutions on the day of listing.

Gross assets 7.7m . MCAP 3m. MCAP of Alba = circa 1m net of Groc. With gold over $3000 per oz previously uneconomic veins should be worthwhile using modern equipment. Whole thing priced to fail. I have a very modest holding here mainly out of disbelief that both Groc and Clogau are doomed. GLA.

I asked whether they may use some of their spare cash to buy shares prior to the listing to be allocated/sold on ASX launch. Just needs a vote and an RNS. They could easily buy a billion shares and get their cash back the end of June…perhaps at a profit. I will be listening to see if Shaun replies.

Post Brexit the UK has been friendless. As a result of Trump countries need new friends and new markets. Keep up!

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