Member Info for SpadesAspade

Hey Ace, are you good Ol'Roy The Rooter by any chance ? 😂😂😂

Morning Speedie, I concur with what you say regarding the POG, and hopefully making greater profits once producing. But what I was disagreeing with, was your mention of possible interest rate rises, which of course would burden us if they were to ever happen.

All I was trying to say was that even if they did increase, then just as folk shop about for a cheaper mortgage deal, then so do businesses, or at least they will try to negotiate with their current lender a better deal. Upto now I don’t know the terms of which the borrowing was undertaken, whether it was at a fixed or variable rate, but one thing I do know, is, if the POG remains at this price or as you and many believe, goes onto new ATH’s, then it shouldn’t really make any difference if the interest rate does increase a couple of percentage points, as gold will have risen a whole lot more.

Hope that clears up why I posted what I did. It wasn’t because I was having a dig, as for the many post you write I agree with. It was just your mentioning of possible interest rate rises continuing, that I took umbrage at.

ATB

Jeez Matty & Speedie, you don’t half paint a bleak picture for GGP going forward.

Firstly Matty, who’s shares are they gonna buy back ? Mine, yours, or just some imaginary ones that seem to be floating around inside your head.

Speedie you say “Debt is ok with low rates but no one knows if rates will go into the teens or even higher”.

All forecast are for interest rates to start to decline in the not to distant future, not as you portray, by going into the teens.

And let’s say you are correct, and they do go to say 10%, it doesn’t mean GGP won’t be able to service the debt. I think you may have forgotten what it was like to live before 2007/8 when interest rate borrowing was anything between 8 & 17%.

The very low interest rates that we have been accustomed to over the last 17years are not the norm as you well know, they have returned to the mean average of what they have been historically for quite some time, and you more than anyone else here should recognise that fact, especially when for as long as I can remember, you have been stating that the POG would go parabolic if gold returned to the mean average of peoples investments.

I stated some weeks ago that I won’t get drawn into any discussions regarding what the future of GGP entails, until I here it from the horse’s mouth about what the BOD’s plans going forward are. All this speculation about the if’s, but’s & maybe’s serve no purpose at all. It’s akin to the old proverb “If my aunty had balls, she’d be my uncle” !

I just don’t understand why so many of you get your knickers in a twist over things posted here, that haven’t come from the management.

There’s a time to act & react, but right now it’s not that time. Until news filters through to us shareholders, there’s absolutely nothing to do except be patient, unless of course you believe in conspiracy theories, of which a few here try to convince you they exist.

Forget Charles Archer for your information here. IT’s blumming Charles Brandreth we need going off the last two post’s. 😂

Redirons, like me, don’t you find it funny that patience seems to be something that is acquired with age. The constant bashers & whingers that appear here, seem to have none. They come from the “If you stop crying, I’ll buy you something” generation !

Whereas most of the LTH’s here, come from the “If you don’t stop crying, I’ll give you something to cry about” generation !

We are not the same.

I can’t believe the amount of people who show up here saying GGP is this, is that, it’s the other, all because they haven’t doubled their money within 1-2 years. Some of you are just dreamers. Just because some have made those sorts of returns in a short timeframe, doesn’t mean it’s the norm.

MH01 I’m not trying to discredit you at all. Your last paragraph, 6p to 47p, I’m with you all the way, but you are also a bit of a pessimist, whereas most here are a tad more optimistic, including my good self.

The sort of figures Speedie and one or two others have been discussing are possible, but only if everything they have spoken about, such as the POG etc, reaching multiples of where it is currently, comes to fruition.

I hope you attain everything you want from this as I do all genuine investors here, but just because I may criticise some post’s, doesn’t mean I totally disagree with the author of those posts on everything, as I’m sure everyone doesn’t agree with half of what I post to.

ATB

MH01, make your mind up. First your telling us all to stop dreaming of our price going on a bull run. Now your advocating silver small caps possibly twenty bagging. Which is it to be ? Up, Down, stay as we are ? You’re about as easy to read as the Beijing phone book !

If Biswas was to come back, then the only capacity in which I would like to see him, would be that of joining the GGP board. That would surely send out one helluva message of confidence that Havieron is something truly special. But all us LTH’s already know that !

I fully concur Ace, MH01 does seem to get his/her knickers in a twist over anything that they deem is ramping. All the figures quoted, whether it be 50p or £5 are all hypothetical at this stage until the board announce in which direction we are headed.

One thing we definitely don’t need is someone telling us we’re all dreamer’s, because of, if this & that happens we could get to a price of X ! Anyone with half a brain cell knows these figures are unrealistic in the short to mid term, but if the POG is to be re-rated to some sort of backing existing fiat currencies, then it has been suggested by some far more knowledgeable than anyone on this forum, then it could rise to around $40,000 per oz. That doesn’t mean the world will turn to 5hit as a lot of you have predicted, it just means it has been re-rated to protect existing currencies rather than experiencing a real 5hit show if they fail.

BTC has gone from cents to $64,000’s, and the world hasn’t imploded, so why should it implode just because gold returns to what it has done for the last 4000 years. Obviously the doom monger’s and folk without a modicum of sense will try and convince you otherwise, but who in 1972 when a pint of beer cost 10p, would of thought (depending where you live) cost anywhere between £3-6 a pint.

MH01 just because we are only currently valued at 6p doesn’t mean in a few years we couldn’t be valued at a more significant value. I bet Jeff Bezos never thought selling books from his garage would be worth what it is today. In fact I bet if he would of taken his business plan to any bank, they would of laughed him out of the place, and if there’s one thing I’ve learned, it’s never to say never, because you just never know how things can pan out. And what’s wrong with a little positivity or as some of you like to call ramping ? Because if us investors don’t portray it, then the naysayers certainly won’t !

Ace, it’s like famous Irish comic used to say, “It’s the way I tell em” 😂

All this talk about ramps makes me think about the biggest ramp of all. For the last three years it’s been called a decline, but once it reaches the top of the orebody, then it becomes a Ramp to riches.

Our SP has been tracking the decline since it started, so once completed, just like those trucks down there, they will have to turn about face and start to climb back to the top, as will our SP.

What a lot don’t seem to grasp here, especially the ones who are constantly whinging about what a bad job SD has done since taking over from GH, when we were at an ATH, is the fact that, back then GGP still owned 70% of Havieron, not the 30% we currently hold. That fact alone is the main reason for the demise in our SP, not SD.

So I can only assume that once we get to own a larger piece of the pie, whether that be 51%, 70% or even a 100%, that in itself should give us a large uptick in our SP.

Investors should be asking themselves this question !

How much would it have cost for GGP to get Havieron to this stage in its development if Newcrest/Newmont hadn’t come in and backed the project in the first place ?

I suspect we would of been in the same position as we were in 2019, just like Solgold are now, with no date ahead for even thinking about mine development.

The fact that Newmont have decided, thanks but no thanks, yet again, imo is fantastic news for us. Inside of five years we are within touching distance of extracting the shiny stuff out of the ground, and all I see here is folk with absolutely no idea, constantly whinging. Give your head a wobble ffs and tell all of us here just what you’ve achieved in the last five years. Probably Jack 5hit !

And you my friend is why most folk lose money investing.

No patience !

No clue as to what they were purchasing !

No idea where to turn to next !

You make your own luck in this world, by believing in what you invest your time into.

Why now after three years would you bother to post telling all & sundry just how bad your investment has turned out.

Surely after 3 years having probably initially bought at the top, you’d want to see just what happens with GGP going forward, as the rewards surely outweigh the risks.

GGP now valued at a little over £300M for it’s 30% share of Havieron alone, and considering a valuation of £60M was attached to just 5% of Havieron, then even a blind man on a galloping horse, knows just what a great opportunity anyone who stays the course could benefit.

Talking of horses, with the Grand National just being run last weekend, it’s fitting that “I am Maximus” was the victor, having overcome 30 hurdles.

Many a punter lost a few quid with their nag not staying the course, including some who unseated their riders at trickier obstacles such as “Beechers Brook, The Chair, and The Canal Turn”

Maybe it’s just a coincidence, but I do find comparing The National to GGP very apt.

Four and a half mile circuit (GN)

Four and a half years & counting to get from JV to production (GGP)

Plenty Hurdles to overcome including one involving water (GN) & (GGP)

Not many starters go on to finish (GN) & (GGP)

Two laps of the track (GN)

Two upward trajectories on the Lassonde Curve (GGP)

There’s always a winning jockey, (Shaun Day GGP)

And last but not least, champagne corks a popping once the finishing line is crossed.

So Trevhutch, you take whatever is left of your stake money, and go try find yourself a winner. Just like many a punter who place bets with a bookie, 72% of folk who invest on AIM also lose, but at least your bet on GGP maybe not in the lead right now, it’s still in the race, and like most favourites, will put on a bit of a sprint, and claim victory by quite a margin.

Your call, your money, but just don’t get folk who come on after never posting before, crying about what a bad decision they made.

That’s life, get over it, not everything in life turns out smelling of roses first time. Sometimes those roses need plenty of muck spreading on top of em first, before they bloom.

Hey Chuff, maybe next Friday his partner in crime, Good Dallas (Loadsa Gold) may make an appearance.

Hey Freddie, as a great comedian used to say “Oooo you are awful, but I like you”.

😂😂😂

JSI, you mentioned about “THEY” wanting to get rid of the middle class. Complete bunkum !

That’s the complete opposite of what has happened over the last 25 years.

The Rich & Famous don’t want to be burdened by paying for everything, the poor can’t afford to, so who dya thinks left to pick up the tab, Yes, the middle class.

I don’t care what anyone says, but the majority of folk have never been as wealthy as they are now.

I live in the NW of England where not too many years ago we used to eat black pudding and race whippets, whilst our housing stock was mainly of the terraced house type, with maybe a few in the street fortunate enough to own a car and a colour TV.

Now look around and see just how many fine housing developments have been built, with the majority of families, who have anything about them, living in three/four bedroom houses with 2/3 cars, numerous TV’s and each year fly off to a foreign destination to holiday, not as they used to, travelling by coach to Blackpool for a ride on the donkeys.

I’m sick to death of hearing people say we’ve never had it so bad. That’s only because things are returning to their mean average over the last fifty years. Since 2007/8 people have been living in a bubble, having never witnessed mortgage interest rates at anywhere between 7%/17%.

If people are prepared to work, they can achieve anything they want to in life. It’s not a given that government’s should provide everything, they are there for support if needed, but don’t get me started on how governments since the 50’s have performed.

Couldn’t run a P155 up in a brewery, none of em !

Tinners, I’ve just unblocked you to see what all the fuss is about.

You said “great positive thread, but you haven’t even given an opinion on my questions”.

Well now you know the reason why I didn’t answer was because you were in my bin, probably for posting utter tripe in the past.

But now you ask, you seem to be basing all your questions about just how GGP can possibly finance an operation themselves.

I could give you 8.4 million reasons as to how & why, but that would just be a waste of my time, wouldn’t it ?

You say you are a simple Pi !

I say you are also one with a simple mind with simple expectations.

Do you own a house ?

If so, how did you finance the purchase when the cost of said house was probably many many multiples of your earnings ?

Now try thinking about folk who were brave enough to borrow money for SME’s were the money borrowed was not at low mortgage rates, but at a premium and had to be paid off usually within 5 years.

Have you ever wondered just how property landlords end up owning several houses, when on paper, their own income wouldn’t pay the mortgages ?

Well it’s through borrowing money from whoever is prepared to lend it, of which I’ve done all the above, without having the proverbial silver spoon upbringing.

Just because you can’t or even have any clue how to do it, doesn’t mean it can’t be done, because I’m telling you from my experience, IT CAN !

Now compared to GGP’s BOD’s, I’m minuscule in comparison, so instead of just dreaming up stupid questions, try learning a bit about finance and how you can make it work for you, because if I’ve learned one thing in my 61yrs on this earth, it is, that without taking a punt and using other peoples money, you’ll never get anywhere.

You can be Mr careful/negative all your life, but without walking in someone else’s shoes who’s actually learned over many years just how to use debt as a means to build something better, then I’ll just be wasting my time trying to explain it to you.

Education my friend is everything, and if you don’t know how the complexities of finance works, then don’t comment on it, because it’ll just make you appear stupid.

Who do I believe when I’m told “Yes we can afford it” ! Ex Chief Financial Officer now Managing Director, Shaun Day, or someone on a bulletin board with absolutely no clue as to what they talk about. Mmmmm let me think about that 🤔🤔🤔

Evening Ntl101, don’t think I’ve had the pleasure of chatting to you before, as not posting as much, as currently there’s nothing to discuss that hasn’t been said a thousand times.

Certain posters just don’t know when to stop, and I’m sure you all know the ones without mentioning any names.

I’m just biding my time, waiting for things to unravel, before getting into any debates on the if’s, but’s & maybe’s of where we are heading, because it’s absolutely pointless !

Once news has been reported via RNS’s, that’s the time, I feel, we can all discuss the merits of those announcements. Until then, I find myself praying each day to the sun gods, to hopefully make an appearance and stop this blumming onslaught of crappy weather we’ve been subjected to.

Still read most posts of an evening time now, and trying hard by biting my lip, not to waste my time responding to the cretins who appear, who simply can’t see past the end of their noses.

GL to all genuine investors here, keep the faith !

Evening Redirons. L&G took their position to a 124million shares by purchasing another 99 million between Nov/Dec 23. Why do you think the SP almost doubled during that period.

You can see just what happens to an SP once sustained buying occurs ! And it will happen again once conditions allow other ii’s to start wanting a piece of the pie.

Every large shareholder on the register has paid considerably more than the current SP, but you don’t see them folding their hand just because of a little uncertainty. They like a lot of others here are just playing the long game. Once the uncertainty has been lifted on GGP’s future, that’s when things will change for the better. It’ll be like 2020 all over again.

Hi Dillon, “Time for bed” mate, after that slip, hire/higher !

Sorry but the devil in me just got me to react. 😂😂😂