Member Info for Sageman

We started March in the 8's and we made good gains . There is healthy volume allowing profit taking (totally normal) and we are consolidating currently in the 12's. For me this is very healthy and implies that we are consolidating those rapid gains. My hope is that this is then the platform from which to push upwards from on news flow. I continue to expect 20-25 on ASX listing as a 6 month target and for me that is a very acceptable result. GLA

Working on from some figures yesterday. If every $100 on the gold price would be worth $30m approx. Which when converted by P/E ratio should be circa 3p extra per share. The Newmont deal was done at circa 5p when POG was circa 2600. POG is now over $3100. 5x3 + 5 = 20p. Ok $ and £ mixed up. But I used a 15 x P/E ratio as opposed to the gold mining average of 27. Always good to see when a simple conservative calculation gets to my near term summer price target of 20p and is in line with some of the broker targets.

MH01, based on your post if $100 = £30m extra profit. If co trades on 15 x ebitda/ P/E =. Extra 450m MCAP = circa 3p per share

Maltster read the RNS FFS. Our cash cow (Telfer) has 9 times more gold than expected, POG is higher than expected, Hav will be a little delayed and we currently have no debt. That is why there will be no dilution!

Ace chaser normally when you try to sit on an erupting volcano you get a very sore bum. Enjoy your shorts on Monday 😂🤣😂

Elcap I have just taken a look at SAR. You have a very long way to go on that one. Drugs not yet in phase 2 trials. That will take circa 2 years, then you have phase 3. Only 58% chance of getting through phase 3. In the meantime no cash and a need for funding and dilution. It may make you a lot of money eventually but not for me , thanks for mentioning. Good luck in the meantime GGP should help you recover previous losses .

I would always hold at least 6 months expenditure in cash prior to investing. Thereafter the bulk into a portfolio with a few stocks on the side. Thereafter chances of picking the next t Apple is slim. Had you invested in 2001 in tech you would probably have lost your money because very few survived. My biggest lesson has been to avoid companies who are exploring and needing cash. The dilution kills you as the sp tanks and Aim is full of awful experiences especially on oil exploration. Always follow the money. When companies start generating cash flow and reducing debt they become investable. I hope this helps. I more than doubled my investment here on the recent RNS because I knew what it meant for cashflow and debt.

The mineral resource statement of 18/3 combined with increasing POG is a game changer. I instantly said so because HAV is now funded with no debt and we will have surplus cash. This is not a widely held or widely researched stock. This is where the small PI can beat the big boys. They will catch on (and are) but there is money to be made here especially when we get quarterly cash flow . The big boys need numbers to analyse.

I have increased my holding to my maximum holding in a single stock - 2% of the portfolio. My normal maximum is 1% but in exceptional circumstances I go to 2%. The Telfer cash cow having 9 x more gold than estimated combined with POG is the driver. I expect 20p this summer on ASX listing.

I think the reason for any consolidation is key. A company that has diluted the sp down to 1p then does a 100 to 1 consolidation so it can do more cash raises = avoid. A company wanting to move away from being a penny share, with no intention of a rights issue and wanting to attract institutional investors = no problem.

The RNS dated 13th March tells you what you need to know. High risk but is the mine net of Greenroc really worth less than £1m? With current gold prices previously non economic grades are now viable. I think that the odds have changed now they are on level 5 with current POG. Time will tell. But just a punt for me.

The mine is currently non commercial but please do some research prior to posting. They are now close to blasting the area where they expect to intersect higher grades of gold. There is a well known seam that they will soon pick up on level 5. They couldn’t get to it previously.

MCAP here is only £1.67m. There is no upside priced in . Indeed it is priced to fail. With current gold prices a bit of successful blasting could move the needle very substantially. Any reasonable announcement of gold at commercial grades and the MCAP must increase. Less than £2m for a gold mine is ridiculous…unless there is no gold! Time will tell.

Actually the blue horseshoe reference doesn’t work well here. I just rewatched the clip from the film. In contrast to Gordon Geeko’s antics this is totally transparent and above board. The point I was making is that people who understand the mining industry are becoming increasingly aware of GGP.

Blue horseshoe loves GGP, methinks for those who remember the film Wallstreet. I can see 20p on Aussie listing. The latest RNS increasing the gold 9 fold is a game changer from a funding perspective when combined with the POG (thanks Donald). At a stroke all Hav funding issues resolved and some. The Telfer cash cow will produce more cash for far longer than anyone dared dream of. The right mine, in the right place producing shed loads of gold at a time when gold is at an all time high.

A rising tide lifts many boats. I suspect many long term holders who have topped up are now happily in the blue. The SP should continue to go higher driven by the Telfer cash cow and , ASX listing and promises of more to come at HAV. Markets have yet to digest the financial impact of a 9x uplift in gold resource at Telfer and the impact on cashflow especially at a time when gold keeps rising in value whilst we can mine it in bulk to cash in.

We now have a cash cow that will produce considerably more cash than estimated. It can fully fund a delayed Hav easily. The windfall extra cash comes from elevated gold prices and 9 x more gold than expected. Yes we need to fund Hav but I believe we could also reduce shares in issue using buybacks.

With Telfer having 9 x more gold than estimated and a considerably longer mine life the necessity to bring Hav quickly into production has reduced. At the same time this reduces cashflow strains. It also allows for more robust cost effective planning at Hav. I really do not think that people have fully understood the positive consequences the new resource estimate.

Stock maiden why do you keep repeating the same posts? The sp is where it is because of everything you state. Had it turned out otherwise the sp with be much higher. But we are approaching a new drilling season, many balls in the air, space for optimism, pessimism and eventually cold hard reality. This stock is a punt, a gamble. I have a tiny fraction of my portfolio here less than 1/2 %. I know the risks both positive and negative and so does everyone else. So please give it a rest!

I will repeat again for the benefit of those who refuse to do any research or accept the findings. Irrespective of what actually transpires operationally this stock is seasonal. As we enter the drilling season the company has opportunities that may or may not be transformational. As a result there is optimism. In the spring you always get spikes. In the past the optimism has been misplaced and so it has fallen back. This year could be similar or the year where potential becomes reality. That is the game. I will leave it to others to look at where those spikes were and the resultant potentiality for the sp solely based on hope. There could be a placing , who knows? However, history suggests that over the next few months the spikes should trend higher DYOR