Member Info for speedymeadie

Hi All. There is only one fact that matters to our SP "when will we get payment from the Perth mint". With our asset value breaking ATHs most days the FCF should be huge. With $3k/oz almost baked in for 2024 our margin on the stockpile will be in excess of $1500/oz. What it will be by the time Hav comes online is any bodies guess, but the pointers are for a POG well in excess of todays print.

As the world wakes up to the importance of holding physical gold the producers will be the go to investment targets for billions and billions of $s. PEs above 20 will be the norm for well run miners in safe jurisdictions and GGP has all the right things in place. ATB Speedy

Hi SAS. Nothing as glamorous as that. I was heavily involved with concert promotion, merchandising and security. Where the real money was made. ATB Speedy

Hi Doozer. I was extremely fortunate to make a very large profit from the music industry as a teen and early 20s. An accountant introduced me to gold and i have been a buyer (and seller) ever since, 50+ years. No academic training just knowledge gained over the years. ATB Speedy

Hi Aimingtoplease. Coins carry a premium due to costs of minting them and dealer margin. Selling to a dealer will achieve spot price unless you can negotiate a slight (1 or 2% over spot) but that will depend on market conditions. ATB Speedy

Hi All. With the BRICS+ meeting shortly i see the Fed throwing a few olympic sized swimming pools (run out of kitchen sinks) at the POG and a small/short pull back. If they manage to get the needle to move below $2650/oz this should be look at as a gift as we then accelerate past £3k/oz.

Well done to all the good folks here that stocked up on Britts when we were below $1500/oz. ATB Speedy

Hi Trippy. There will be a pullback but it will be small ($100/$150/oz and it will not last long. The banks (the Fed) are loosing control and China/India are making the market and are big holders of physical gold so will want to see a higher Print. I see any buy below $2650 an absolute steal and so will they. ATB Speedy

Hi SAS. He talks a lot of sense about the POG going much higher but the things that stand out for me, and not just from him but most mining experts, is the points about what you should look for in a miner for max profit and GGP has almost all of them. ATB Speedy

$3k/oz

Hi Trippy. £3k/oz by end of year? ATB Speedy

Hi Kwi. Not quite sure what your post implies. GGP has hedged with puts that give us the right but not the obligation. We are well aware that investing in miners is different to investing in physical gold. Gold is almost risk free whilst mining is about as risky as it gets. Investing in gold miners is a leveraged play on the POG. Derivatives such as gold ETFs should only be used for short term trading as they carry a massive counter party risk with no chance of standing for delivery. ATB Speedy

Hi All. The Fed has lost the $2650/oz battle and i seems gold is now on a run upwards. One can only imagine what the POG will be when we start sending it from Hav to the Perth mint. When we do we will have little debt and a massive FCF. On inclusion into the ASX it will not take long for the Aussie institutions to push our SP into new territory. The next year/18mths will see life changing results as the market sees the potential for GGP. ATB Speedy

Hi Jerry. The "scumbags" at Newcrest are the proof that predatory actions are not a long term win. SD has enough on his plate to concentrate on for the time being. Having said that i am sure that if one of the nearology explorers strike a worthwhile find then SD will find the time to do a win win deal. SD has proven his ability to raise funds and plenty of capacity at Telfer. ATB Speedy

Hi All. Driving less fortunate exploring cos into the dust is not a good business model. If SD is interested in any nearology prospects i would expect him to do a win win deal, that, my dear friends, is good business. ATB Speedy

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Hi SABs. Absolutely anything would be more interesting than the chronicles of peppers. ATB Speedy

Hi B4zh. "cheap as chips" With (potentially) 20 mill ozs at $3k/oz (my calculator is far too small for that sum) Must admit it is still in the ground and will take some time to get there, but yes it is "cheap as chips". ATB Speedy

Hi Schlemiel. It needs a lift up along with our SP. ATB Speedy

Hi Panama. We have had to readjust our expectations from the £1 party down to the 30p party and now the 20p party. Hope 20p comes by next spring as we all need a celebratory bottle or two. Look forward to seeing you and a few others. I am hoping The doors and bamps are going to arrange a meet soon. ATB Speedy

Hi All. The small take down today was achieved with the biggest volume since 2022. The Fed, who is the only major short, has dug itself such a great big hole that if they were a Co adhering to the rule law they would be declared bankrupt, but they have access to unlimited $s whose creation out of thin air is causing all sorts of problems around the globe. With all that power they have only been able to drive the POG down an insignificant (approx) $80/oz off the ATH. It is going to be interesting over the next few days as the "buy the dip brigade" and the central bans continue to acquire gold at a discount to true value. ATB Speedy

Hi Droverman. Just Chinese yearly production makes a mockery of the 2260 ton official declarations. What is important to remember is that the Chinese gov can call in from its citizens the 20000 (guesstimate) tons as it sees fit.

There is a lot of talk about the new gold backed currency but i am sure that China will hold up the process until it has disposed of treasuries. ATB Speedy

Hi Bancal. China produces approx 400 ton/yr and never ever sells add the withdrawals from the SGE add central bank buying and any one can see that 2260 tons is magnitudes lower than the truth. As i said "no one really knows" but the truth will come when they want to declare. ATB Speedy