Member Info for speedymeadie

Hi All. The gold is in the ground and we own it. Just need to know how much is there. Two or three years down the line i fully expect the POG to be well above $5k/oz. Would make good reading on FCF. ATB Speedy

Hi Sureas. Great minds and all that. ATB Speedy

Hi All. That article just goes to show how under the radar GGP is. It mentions investors must research and pick juniors with good management, proven track record for finding gold and with sufficient funding. Antipa gets a mention but GGP is nowhere to be seen. Just goes to show how important it is to list on the ASX. ATB Speedy

POG

Hi All. With ATHs taken out how long until the pension funds and other big institutions are unable to resist pressing the buy button. When they do watch out above. ATB Speedy

@Gazza. Please explaine yourself, what embargo? Speedy

Hi Nine. Nice try but no cigar. I refer you to the last post by shinybits over on ggpchat. ATB Speedy

Hi All. We are on the cusp of a history making event. Much like in the late 1920s and the 1970s the coming bull in the gold miners will be life changing for those onboard. The difference with this bull will be the size of the run. The big winners will be the stocks purchased for pennies and sold for pounds.

What makes GGP special is its position on its journey. Once producing our true value will out just as the POG reaches unimaginable levels and takes our SP on a ride that will be talked about for generations. Homestake Gold? ATB Speedy

Hi All. The FED is throwing newly printed $s at the bullion banks in an attempt to cap gold at $2400/oz, they will fail. The way the paper market is structured allows traders to stand for physical delivery. The paper market has lost 50% of liquidity providers due to physical delivery. The Chinese are now the price makers and they are long against the Feds short. This will not end well for the western banks. I have always advocated physical as opposed to ETF gold and if you still hold a position in ETFs now is the time to get out before the coming default.

The $600/oz jump since last Oct will seem tame as the POG reaches and surpasses ATHs on the way to $3k/oz this year and continues it re rate upwards. ATB Speedy

Hi Bamps. Someone needs to keep the hooch still running. ATB Speedy

Hi Lebugue addick. The fact that Newcrest did not take the $85mil for the 5% and decided to walk away from the 5% is probably one of the greatest mysteries on the GGP journey. ATB Speedy

Hi All. In my view investing is all about trying to work out future value. The market looks forward and if the deal that SD does is good then the market will react up. therefore becoming instantly accretive. It is not rocket science, if a deal adds value above the cost of the deal it is instantly accretive. ATB Speedy

Hi All. The GGP SP, like all SPs, is a combination of risk/reward. Once the deal to buy back the farm is complete we will know the risk. As for the reward side how does 100% ownership of 20mill ozs at $5k/oz sound. SD himself stated 20mill ozs find and will not take too many years to prove up and the way the POG is headed the FCF will be huge for many many years.

I look forward to the 30p party soon and hope i am still around to enjoy the coming £1 party. Just for fun my target is 2026 for £1 party. ATB Speedy

Hi All. The fact that the FED may cut rates by 0.25% and talk of non farm payrolls, jobs created or talking heads from the FED spouting un intelligible gibberish about inflation is almost irrelevant for the POG. The big driver is China, and other central banks, it looks likely that they are back on the buying spree. ATB Speedy

Hi All. Interesting week for the PMs market. It will not take too many $50/oz daily increases to reach my $3k/oz target. When the tech stocks roll over from bubble territory the rush into the PMs and the miners will see a scramble for assets in a relatively small market. Eventually the big institutions will not be able to ignore a market offering a favorable risk reward. The miners are well undervalued and will have profit margins that the institutions will find irresistible.

Come on SD do the deal before Newmont change their mind. ATB Speedy

Hi All. There was a spike down on the NY opening and then volume went up 10 fold. This tells me that there are big buyers on any pull back. I stick to my target of $3k/oz this year. Will make good reading for 100% ownership. ATB Speedy

Hi All. Gold has doubled in price in 5 years but the HUI has only seen roughly 40% in the same time. Miners FCF is leveraged up as gold rises. so a 60% gain to bring us level is not enough, i can easily see a 200% gain for producers and that is with the POG staying where it is and the chances of that is minimal. The big institutions have still not pushed the buy button for the miners or gold. When they do watch out above. ATB Speedy

Hi Dip. I am not a fan of Cos with a huge proportion of debt and buying the farm with debt will leave GGP in a position where the lender calls the shots. Having said that, a significant raise at these SP levels would seem unfavorable. SD is going to have to use all his and his BODs skills to negotiate an accretive deal. This is a massive step but not unmanageable. ATB Speedy

Hi RedOrb. We used solar powered pumps for storing energy in the highlands of Guatemala. Pumped up hill to storage tanks and released at night to drive small generators for lighting. ATB Speedy

Hi RedOrb. Looking after the locals is a necessity and prudent. A small percentage of CAPEX goes an awful long way and hiring local labor and paying a fair wage ensures security. I am talking from experience. ATB Speedy