Member Info for Sageman

Hi multiplier, I am not sure if you have taken the costs of development of Hav etc into account in your cash forecasts.

When Tymers is buying he tells others to sell and vice versa. It can potentially make a difference on micro cap companies but not one iota on larger cap companies. Everyone knows what he is doing and it is why he is the most despised poster on every BB. He ramps then deramps and always gloats.

Tymers/ deramper, as you know when the Newmont due diligence was done POG was assumed at $1750 with Telfer having a very short life span. The reality is completely different.

Nothing has changed. Gold is now at Thursdays level. GGP are pouring gold at record rates increasing their cash piles at circa $2000 per day net of costs. We have Hav to fund. We await the new feasability study. The analysts are still behind the curve failing to understand the impact of being able to run HAV and Telfer together from 2028 ( circa 500,00 oz PA rather than 250,000 as modelled). Also in all probability no debt to fund due to operational improvements, extended Telfer mine life and POG. In the absence of a collapse in the POG this should be a 10bn plus company in 3-5 years. A 5 bagger from here with very little risk. I know of no better investment opportunity . Indeed I have been investing for 40 years and have not come across a better risk adjusted investment. Good luck all.

Gold prices back to Thursdays close, hardly the end of the world. In the meantime I was able to get away a decent purchase at 14.05p. Happy days

Trippy, your posts just came across as deliberate de ramping. If I have misjudged you then please accept my apologies.

Simple, your post ignored the fact that both gold and GGP have already experienced substantial corrections, thus making the correction you are calling for unnecessary.

Trippy you need to do some research prior to posting. Gold has not moved in a straight line. GGP has also not moved in a straight line. Both have had lots of profit taking as they climbed. GGP hit its high for the year today and finished up. It will gap fill the 15’s and move upwards.

Interesting those with 11.9p options are being paid 6.64p. The implied strike price is 18.54p. On that basis selling in the 15’s isn’t that attractive.

I find it surprising that posters refer back to how it was 5p and say that it can drop back there. It tells me that these are people who got a tip down the pub and then bet like they would on a horse with zero research. I recommend that people read recent RNS's, listen to podcasts by Shaun and also read posts by the likes of Element and Bamps's. In the absence of gold suddenly tanking to $1500 combined with a major mining accident this SP will never go to 5p. This company is now built on solid financials that improve daily with every OZ of gold sold at these levels.

This company is now kicking out circa $2m per day free cash flow. Of this circa $1.5m per day is windfall cash. This was in no one's budgets. Everyday the need for borrowing reduces. Every day the probability of dilution reduces. No one budgeted or Telfer and Hav to run in tandem. No one expected the resource to be massively increased at Telfer. 20-25 on OZ listing is not unreasonable and is now per a number of analysts projections.

Thanks Element. Looking at some of the old RNS’s . I see that in October 2021 they were assessing the feasibility of Hav based on POG of $1750! This however, is not constrained to just GGP but to the whole sector where low $2000’s remain common place. If you already have your fill of GGP then there are loads of funds and ETF’S to get exposure to gold miners. U.K. market is closed today. Those open typically have mining companies up another 2-3%.

Thank you Element and Zoros. So based on the original numbers we were looking at circa 400m still to fund at the start of the year. Ok things will have moved on but with our current production, B/E and POG it is clear that it is not ramping to suggest that this will self fund. At current prices we are throwing off circa $2000 free cashflow (my definition being cash in excess of costs) per oz. At 300,000 to 350,000 oz per year we don’t need many more months to make this happen.

I have been doing a fair bit of research but have yet to unearth any coatings regarding how much will be needed to get Hav producing and how much of that money has already been spent. We all await the new feasibility etc which will have new figures but I wondered if anyone has anything on this please. Thanks in advance.

Southern Comfort - I will help you. Enter into Google “ what time did gold hit $3400’. When you receive the answer that it was circa 6.14 am you can do the decent thing and apologise.

Southern Comfort, it hit $3400 earlier when I said it did . PS being rude is not an attractive trait and unnecessary! Suggest you need better IT.

Multiplier, I have no wish to argue and would welcome that scenario for gold given that my portfolio is 80% exposed to it! However, there is also a scenario where the 90 day window is put to good use and we see some common sense deals. In that scenario the most bullish gold forecasts are unlikely to be realised. In the meantime GGP is pouring gold and gold is now over $3400. The puts in place at $2600 for some of our production is useful but I await costing for Hav and WD. Lots to smile about.

I purchased Angus energy in 2022. They were due to produce gas “within hours”. That gas at that time would have meant zero debt, no dilution etc. Several months later the gas appeared, spike missed. Sp rubbish. I only had a small amount invested but I learned a lot from the experience.

I hope that you are right Speedy but I suspect that it may be more like gas in 2022. However, whether it is or isn’t the point . Even a year of production into these prices would be financially transformational in terms of the SP due to the windfall cash produced.

Speedy, well done you. However, the institutions were not on the same page and it is their calculations that currently dictate financial forecasts and resultant SP’s. I suspect that Newmont weren’t expecting this POG either!