Member Info for Aimingtoplease

They’re generating income now so unless they want purchase other assets or expand in some way I’m not sure if a raise is required. You see these early companies say like this for years making steady profits. They just need some good reassuring news to come out. They seem to lack communication however no news is good news I suppose.

I’m going for 6.5p not because I’m a deramper just because it’s normally the opposite of what I think it should be. I have also held off buying as the sp would normally drop after to. Who knows maybe my luck has changed and everything goes up and that makes me unlucky as I have not bought any more and my sp predictions were wrong.

Hope this is not him trying to let us down gently, hopefully the grades are rich and bonanza.

Oops Junglebabbler my apologies

Another risk reduced, good call.

I thought about this yesterday junglebladder, thank god he’s in charge.

Same to you Ben hopefully put a few worries to bed

Agree with Newmont a 20% shareholder in GGP they will surely support and give as much advice as needed.

I reckon if the sp was at a £1 there would be arguments still.

Double this current SP and I’m about break even, it’s hard sometimes to look on the positives However I believe it’s up from here.

Almost got out of this share last Christmas when it had a spike in sp, hoping we have another this year.

No eno si going to be dothereb tboua spellings enco that snr sropd

Issues get resolved eventually, as long as that plant keeps running and it’s catching gold all is good.

What intrigues me more is that GGP would’ve cast their eyes over these results and have a very clear idea what lies beneath. The confidence was there to purchase Telfer, due diligence was made with a fine-tooth comb.

All will be revealed in due course.

Company's timelines for the completion of bulk sampling at the Llechfraith Target, Alba now expects the next sequence of blasting to commence on Level 5 later this week. Following the completion of the next sequence, the Company expects to be able to provide an update on overall timings.

From RNS October

We should hear soon, it’s been over 4 weeks.

Will we see a GDXJ after hours spike today, next week could be exciting.

A broker to the company, Canaccord Genuity, responded to the acquisition announcement noting that over Telfer's initial 15-month mine plan it expects it to generate >$200 million in free cash flow, whilst the current market cap here equates to around $950 million.

As the initial free cash flow potential and the potential of the vast Havieron project become clearer following earlier this month-stated acquisition "completion targeted by early December", we suggest a 10p+ share price is realistic here - and materially more possible on further improving sector-related sentiment also. As such,

The Trade: At a 7.3p offer price and up to 7.5p, targeting 10pt on upcoming cash flow and news flow, Buy.

Being able to raise £255 million of new equity in the current declining

AIM market immediately commands attention - and that was what Greatland Gold (LSE:GGP) was recently able to do to "fully fund the cash consideration for the acquisition of 100% ownership of Havieron and Telfer, to make Greatland a material producer of gold and copper". The shares have responded up to a current 7.3p to buy, but we see clear further upside potential as the acquisition completes and

implications become clearer and continuing improving sector-related sentiment.

Last week Greatland announced results for its year ended 30th June 2024 which showed a loss of £14.9 million on nil revenue and after also, particularly, £12.4 million on "payments for mine development and fixed assets",

, cash £26.3 million lower to £4.8 million. Overall, net current assets were £33.7 million lower to £1.8 million, with also only slightly decreased "non-current" liabilities - and those still £43.7 million including £41.5 million of borrowings. There is now the noted acquisition for a headline "up to US$475 million" - which currently equates to approx. £375 million.

However, of that potential consideration more than 35% ($167.5 million) is in shares and more than 21% ($100 million) is deferred contingent payments and Telfer is a producing gold-copper mine, located

approximately 45km west of Havieron in the Paterson Province of Western Australia, with first six months of 2024 production of 45koz gold and 1kt copper. However, that was with processing operations suspended for the majority of the period due to tailings problems. It has since though been announced that processing operations are back running to plan and the situation has resulted in significant ore stockpiles which should further de-risk production in the immediate period following acquisition completion. It is also emphasised that, with its location and existing infrastructure and processing capacity, Telfer will de-risk, expedite and reduce the cost of completing Havieron development. That is with Havieron a major underground gold and copper development project discovered by the company and currently being developed together with industry major Newmont. Greatland

"As at 31 December 2023, Newmont reported a Mineral Resource for Telfer of 27.6Mt at 0.67g/t Au and 0.09% Cu for 0.59Moz Au and 0.02Mt Cu... In December 2023, the company announced a Mineral Resource, inclusive of Ore Reserves, estimate for Havieron of 131Mt at 1.7g/t Au and 0.21% Cu for 7.0Moz Au and 275kt Cu (8.4Moz AuEq)".

The company states that it is to complete a feasibility study for Havieron within 12 months from acquisition completion, though already has noteworthy debt financing support from ANZ, ING and HSBC with a

"commitment letter" for an A$75 million working capital facility and an

A$25 million contingent instrument facility and a "letter of support" for

A$750 million project finance facilities to complete the development of Haviero

Appreciate that SAS, wasn’t sure if maybe he was selling to fund his other operation.

Anyone know if Callum has sold any of his GGP shares