Member Info for speedymeadie

Hi Haveagoodday. You say "have no insight into the workings of this share". Maybe that is correct but my £5/£6 SP is not only about GGP but about the possibilities of the effect on the mining industry of a POG re rate and the leveraging effect of that re rate.

How much insight into the workings of the gold market do you have? Bugger all i bet. Speedy

Hi MH. I see GGP as an extremely good bet for a massive rise even without a re rate in the POG. Taking into consideration our position on the L. C. our exceptional BODs, the currently suppressed SP, a high grade ore body with a great shape for mining, Telfer just down the road, the present POG and rising, funding in place, production looming, mining friendly jurisdiction, the list goes on and on. 20p is a low ball prediction on production and i expect a higher SP. Also at the moment, the miners are deeply unloved but that sentiment will change giving GGP a further boost. No ramping here just good old facts. ATB Speedy

Hi MH. You still do not get it do you. This is all about a massive re rate in the POG. I will spell it out for you one last time. If the POG re rates x5 and with the leverage for producers x10 even with a lowball price of 20p that would be £2 for the SP. If we manage to acquire 100% of Hav with no dilution then a fig of 60p is not out of the question therefore a re rated SP to £6 is possible. This is meant to be an exercise in potential, not as you state "a ramp" ATB Speedy

Hi MH. My last post is also directed at you, my post is about the potential for the SP with a re rate in the POG. ATB Speedy

Hi Zoros. You have totally missed the point of my post. i am not talking about to days valuation or to days POG. My whole post was the potential of the SP with a re rate in the POG. I agree that 50p is along shot with to days valuation but with gold at $10k all bets are off and no one can say we will not reach a SP of £5. As i said in my post "this is pure speculation" but the market has a tendency to surprise. ATB Speedy

Hi Joubert. Financial assets will certainly not retain value nor will many other assets including bonds and most of the derivative and debt market will see total failure. Necessities, food, agricultural land. homes etc will hold value but not many assets will outdo gold in a re rate. ATB Speedy

Hi Trippy. Holding GGP stock is a leveraged but not risk free bet on the POG. When the POG re rates to catch up on 100 years of suppression (say x 5) the returns on GGP will be multiples of that (say x 10) and GGP is not yet priced in as a producer. If GGP is worth say 50p on production the re rate should see a SP of £5. These figs do not take into account inflation and are pure speculation and are just to give a idea of what a re rate in the POG means for GGP.

Hi All. Gold has held its value for millennia. It is not the POG rising but the value of fiat falling. With the falling value of fiat comes higher costs based on fiat. therefore a higher cost to miners to extract ore. Inflation is a no win game apart from the creators of the fiat (central banks). They have been holding back the POG for over 100 years and are now losing control due to physical buying. When they finally get overwhelmed the POG will make up for that 100 years of suppression with a massive uplift in price and that is when the real profits will be seen. Next week or next year? no one knows but it will happen, and if you are not in the market when that happens you will be in big ,big, trouble.

It amazes me why anyone would hold wealth in fiat watching that wealth diminish when owning gold is safer and wealth enhancing. The world is waking up to that fact and about time to. ATB Speedy

Hi Adam. Just watched start to finish. Excellent vid. Just remember these boys are all lined up to profit from a higher POG. I agree with Pierre, a pullback will happen prior to lift off. For the average gold investor it is best not to try and trade the market and just keep buying at regular intervals. I have a few sell orders with my dealers at just above ATHs for a few Britts but they will be bought back in short order.

The overall message is that miners will see big gains but it all depends on a good BODs and a mining friendly location. Now i wonder where i could find such a Co. ATB Speedy

Sovereigns

Hi All. I have had many private requests for the best gold dealer. Firstly let me say it is definitely not Pure gold Co or Bullion by post or the Royal Mint. Pure gold renege on their buy back promises and BBP and the Mint charge unacceptable premiums.

The most important factors is to remember that negotiation is paramount along with a good track record.

I have dealt with many dealers and Sharps Pixley, Chards, Atkinsons are very good for everyday buys/sells. For larger investments Von Geyerz AG Switzerland (matterhorn asset management) are the best.

With the POG at nearly ATHs buying the dips is a good strategy but with this bull gaining steam it is still not too late to purchase physical gold and the best for a UK citizen is either Soverigns or Britannias neither attract VAT or CGT. Bullion bars and any other gold coin will see the taxman knocking. ATB Speedy

Hi Bamps. Yes, getting the farm back with no debt would be great, but the present SP would not stand much dilution even accretive. Would by good if Twiggy took 49% and we arranged the other 21% via debt and/or royalty. A good bit of negative equity from Telfer would seem reasonable to minimize the royalty. Just one of many possibilities, best to wait for news rather than speculating, but all good fun. ATB Speedy

Hi All. No matter how much a few new longs here try to push up the SP the only thing that changes things will be the RNS stating "we bought back the farm with debt, a royalty and twiggy increasing his stake" ATB Speedy

Hi Magnum. With all that rain maybe stay in Sydney and pan George St. ATB Speedy

Hi All. The war drums are beating and as individuals there is nothing we can do to stop it. What we can do is prepare ourselves. The defence industry and PMs will be the main winners. Where the POG will open up on Monday is any ones guess but i suspect a spike. ATB Speedy

Hi Magic. So there is gold at EG? ATB Speedy

Hi Jerry. My apologies, stupid me, quoting such a low POG, i blame it on the bad bottle of French Malbec last night. ATB Speedy

Hi Bamps. Are you suggesting that the AISC at Telfer (100% GGP owned) could be $2k/oz. If that is the case why bother? ATB Speedy

Hi MH/Red. The thought of 20mil ozs @ $5k/oz is eye watering. By the time we are producing i fully expect the POG to reach $3500/oz giving us at least $2500k bunce. Sweet dreams. ATB Speedy

Hi All. What a week for the PMs market. The bull continues a run that is now getting started. The banks did not want the POG above $2200 let alone $2400 and we will not know their positions until next Friday when the week late news is released but i assume they threw the kitchen sink at the short side to quell the massive rise. The COMEX and the LBMA is gradually losing control of the price fixing and Shanghai is taking over. When they have hoarded enough physical they will let the price loose. Holders of physical gold and the miners are in for massive returns. ATB Speedy