Member Info for TheSnorkler

It’s always worth holding on to a little of your old investments rather than selling out completely.

Back in 2018, I put a bit of “beer money” into GGP. I also bought some shares in an ISA for my son—again, just small “toy shop funds.” At the time, all I really knew was that they’d stumbled across some gold out in the bush and had bought a truck.

Around 2019, we had to move house, so I sold my own shares. My son, however, kept his.

Fast‑forward to 2024. I was reviewing our accounts when I came across his old ISA, still holding those original GGP shares. It made me wonder how the company was doing. A quick look online and I spotted news that they were planning to buy Telfer. Having been burnt before on KIBO, I felt far more comfortable putting money into something producing rather than just exploring. I read the board here, did my research, and ended up putting some of my pension funds into GGP. As the share price grew and the news got stronger, I slowly averaged up.

Today, thanks to my son’s little investment that kept me connected to the company, I can look forward to a comfortable retirement (still a little way off yet), and he’ll have a tidy sum for a car, university, or even a house deposit when the time comes.

What's our guesstimate at the Moz increase (Indicated+) in the MRE 2-3?

Can't be long now...unless they are taking it to the end of March, drilling all the way, to blow the bloody doors off!

Https://www.linkedin.com/company/aventine-resources/

Stage 2 estimates by Bamps on GGP chat look most acceptable, but lets wait till the MRE.

https://www.ggpchat.co.uk/viewtopic.php?t=1239

Https://www.business-standard.com/world-news/china-checks-foreign-etf-trades-after-jane-street-india-case-126011301406_1.html

Looks like Jane Street has been asked to the headmasters office to explain themselves.

Burn the shorts!

The question is: which one will bail first and scorch the other?

If I were Jane Street I'd go very long now and hope to profit for the ASX short burn.

Is that sizzling I hear?

That short position is feeling rather cooked.

Can I join the party? I've brought a bottle of wine!

GLA

And your post was new and fresh?

Pot calling the kettle black.

GoingToTheMoon aka Mortimer Duke, looks like the OJ harvest didn't turn out like you were led to believe eh?

Suppliers may still be submitting invoices for the period and then those costs need to be potentially split between projects.... takes time.

86k oz..yeah baby.

Shorts on fire

"I see Schoolboy errors on here daily"

Stop reading your posts then!

Nope, following ASX up, up and up

So results....what kind?

We got the 24 December Update on 22nd Jan last year and got the September 25 Quarter Update on Oct 7th... so somewhere between the 7th and 22nd Jan (nearer to the 7th IMHO) as we now have a new whizzy erp system to speed it up , but have the xmas festivities to slow it down.

And we are told to expect a Mineral Resource Estimate update in the March quarter which is sometime between now and March 1st.

so.....soon :-)

Sageman...but is the wine as good?

Totally agree, lots of other places better for IHT, but life is a balance. You also need to consider Income tax in the country too and lifestyle.

I'm no expert here (apart from the wine which I'm trying hard with), but I've been doing some planning/dreaming.

Any other recommendations?

GLA

Retire abroad. Italy has has generous IHT thresholds and good wine.

Good momentum, ASX should pick this momentum up tonight and see a higher high in the morning.

Some shorts may be tingling.

I wouldn't like to be out of this over the new year!

...and the 13th too!

Lol.

You have a 10yr mine, you have a PE of 10

You have a 10yr mine + future plan, you have a PE of 30