Member Info for AutumnLeaves

As expected by many, Telfer continues to bear fruit as it expands from the main working areas. To find such a high grade zone at nearly 60 metres in our first drill hole is beyond exceptional. It's highly unlikely that this is an anomaly and the infill drilling from the current WDU down to this intercept will prove up more ounces no doubt. This asset and the surrounding area will give up many more ounces of gold as the team expands drilling, and all the other junior companies scratching about in the vicinity will be encouraged by this and hopefully discover a new deposit somewhere.

Anything that gets discovered around Telfer belongs to Telfer because It's inevitable that the ore will end up on that train one way or another. Whether the market 'choose' to ignore this massive catalyst for our company (yet further evidence that Telfer will produce for many more years) remains to be seen, but based on all the news coming out about the longevity of the asset, people will be buying up shares regardless.

Well done to the Geologists and exploration team, hat's off to you.

SeanO1

Yes, I do expect a Dividend to be declared within the next year (in my opinion within 6 months from now).

Time will tell.

Morning

A buy went through at £7.9295 so we have broken the high. Gold does not need to be at a certain number for this share to break £8.00, we have been lower with a much higher price of Gold (it was well over $5k USD per ounce not too long ago and we were priced less than we are today when Gold is lower).

This company continues to throw off lots of cash because we have consistent production regardless of the temporary yoyos in the price of Gold. We sell copper too and that is chugging along nicely adding to the profit margins.

Plenty more catalysts to come that are operationally significant and don't rely on the fluctuating price of Gold. Havieron FiD, Reserves Update, WDD MRE updates etc, all of this will add value (or should in a functioning market). Then we have a deal/sale on O'Callaghans which will naturally be positive because we hold the keys to that Kingdom.

Roll on the Dividends (I can see them approaching in the distance, they aren't far away, Chu Chu)

Cheers Timber

You do certainly learn something new, I had to look up what 'contiguous' means and now I know so thanks :)

Seeing as though it's the last day of trading and in keeping with the common recent theme here, I can hazard a guess as to what the majority of posts will be about today.

Outside of any input from Paddy, Bamps, Timber et al regarding GGP and decent mining specific information, today the 'charts' say the share price will go up/down/stay the same, and lots of posters will tell you exactly why this is happening 'after' the event. Others will explain exactly who is at fault for numerous pre-planned conflicts and political monetary decisions in the world after watching a 10 minute scripted news(sp) video which naturally qualifies them as experts on countries they have never stepped foot in. To that end, there's nothing more to add here, so have a great Bank Holiday weekend if you're in these parts, and a great weekend in general if you're not.

Roll on the next reserves update (and some dividends)!

GGP does not follow Gold entirely in lock step, it recently moved by large % swings on negative/positive news (production downgrade, run up to ASX listing), it is predominantly moved up and down based on the amount of shares required by institutions and funds. Large orders are placed, the price drops, and if they happen to be needing shares when Gold is retreating then happy days, they have a built in excuse and people bleat, 'it's just following the Gold price, it's not rocket science, and there's absolutely no manipulation whatsoever because that's never happened before, ever, and the markets are simply efficient emotionless entities to accurately value any one company at any one moment in time based on all available data'.

Anyone with eyes and the ability to know how to use them can see that is completely absurd. GGP is no different to any other share that rises out of nowhere and transforms from an explorer to a high level producer in a short space of time. When that happens, a considerable amount of shares are already held by normal everyday folk from when it was a penny share. When institutions want to own a slice of something that is going to be many multiples of the current price (we are a Major mining company wearing an AIM tracksuit, Saville Row already has our measurements and the cloth is being cut as we speak), they have the 'tools' to achieve that aim with their symbiotic relationships with all the market makers who set the prices.

If Gold plummets we will naturally be hit just like any other company, but then we have puts in place and a pile of pre-mined paydirt sat at surface that can be turned into cash. Nearly all other companies in our sector don't have that luxury and they also have DEBT which compounds their misery and massively reduces the amount of free cash flow after taxes and fees etc.

Obviously a higher Gold price translates into a higher share price (or should do), but there are many other factors to the price movement of GGP because we are effectively the new kid on the block. Give it a few more quarters of production and the true value will start to be reflected. This is now a share to hold, not to fold, the future is secured for generations.

Bring on the dividends!

Brilliant, another essential box ticked and another step closer to a completely de-risked Havieron project (legislatively speaking). Give it time and I'm sure we could get those Night Parrots on the payroll as early warning devices for any other companies sneaking around on our patch in the wee hours. That'll bring the AISC down by $1 per ounce and only cost us a few ton bags of Bird Seed.

Happy Days.

Morning

No surprise with the lack of movement in the shareprice but the results laid out clearly what a great future we have ahead of us. We spent more on exploration around Telfer and improvements to the fleet in just one quarter than the entire market capitalisation of most AIM companies. The stockpiles at surface can be fed through the mill and turned into revenue even if all mining stopped for over a year. Diesel isn't an issue as it accounts for only 3.8% of costs (we already knew this but for some reason certain people have made it sound like it will stop our operation if a few dollars is added to the diesel budget, ridiculous).

A multi-decade mining company with a quietly expanding ounces per annum production forecast that is DEBT FREE and on the road to being a dividend payer, what's not to like. Upper end of production guidance, lower end of AISC, another world class asset less than 6 miles away from Telfer (O'Callaghans), and another world class long life mine down the road under 100% ownership of GGP (Havieron), Happy Days!

TT & BeContrarian

Some good thoughts there on what majors will do to replace the ounces they are no longer able to produce. GGP has risen so far so fast that if they don't make an offer soon the price to get GGP's assets will continue to grow. We are effectively pushing towards major status as it is, and when Havieron starts producing (which I expect to be a lot bigger than we have been told to date), we will be rubbing shoulders with some of these majors.

The cash flow we produce is already at major levels, and although we are perceived as a 'one asset' company, the reality is a bit more nuanced. Our single asset is actually multiple mines that just happen to all be in the same place, that is a plus for me because it keeps costs lower and costs less to bring new ounces into the reserves. It's clear that we will be approached by any company nearby who discovers a commercial mine because it simply makes sense to send any ore to Telfer.

If Newmont want Telfer and Havieron back now, it will cost them many billions so bring it on. I would prefer to go it alone but if a too good to refuse offer come in, I'm sure Shaun would have the upper hand and do what's right by us all.

Tick Tock

Lee

Abra is dead, please remove the 'I want it to be true so it will be true' glasses. The country is a rapidly failing state rife with corruption. Taxes still need to be paid and appeal after appeal needs to be funded to get permission to start any sort of campaign around Abra. The asset will end up sold off for cheap and slice by slice MTL will disappear from Philippines.

If La India produces on time into a favourable gold price environment MTL will be fine. If it is delayed yet again and the budget increases, or God forbid, a political issue arises, it won't....simple.

This company now lives or dies based on La India, I expect it will live. Good luck fella.

The Philippines assets are dead in the water. Mistake after mistake regarding gassing up Dupax only for it to be a complete dud. Abra is highly unlikely to ever be brought to production, and I expect the locals will continue to illegally mine it like they do all over that country with no repercussions from the government. Runruno has nearly exhaused itself and the costs to recover what's left are naturally increasing. If MTL didn't acquire La India the company would be effectively asset-less by the end of 2026 with no production and a stranded processing plant with nothing to process.

La India will be the saviour when it comes online by the end of 2026. The asset is likely to deliver quick returns and where there's gold, there's gold so I would expect further expansions in the region. It's now clear to me it was Condor that saved MTL, not the other way around. Darren has failed in the Philippines and has been forced to look to the other side of the world for production. He did a great job turning around a failed project with his plant amendments but his strategic decisions in that country have been complete failures.

There's a reason tourism in Philippines is on its backside, and there's a reason so many expats have left the country and continue to do so. MTL are better off out of there, put Runruno on eBay and hope someone buys it, if not, it'll probably be scavenged by locals and sold off as scrap.

Let's hope Darren has paid the correct 'facilitation' fees to the correct officials in Nicaragua. Cash is running low so La India will need to start producing on schedule or the 'D' word will appear.

Still a lot of risk here but if La India produces on time with no more delays or cost increases, 2027 will save the company.

Morning

Happy to see that the workforce at Telfer have been allocated share options as part of their contracts. The performance of everyone involved with proving up Telfer and mining the already active zones has been nothing short (sorry for saying short) of exceptional for us shareholders sat on the sidelines. If ever a team deserved a pay bump and some share incentives for previous performance then GGP's is it.

While so many supposed adults are blindly falling into the hands of the puppet masters by watching scripted 'news' and arguing about orchestrated global events that they can do absolutely nothing about, others have been peacefully picking up large chunks of GGP shares regardless of whether the price moves up, down, or nowhere. This gold, copper, tungsten and whatever else we have is not going anywhere unless it is dug up and sold for profit or bought in-situ for MASSIVE amounts of $.

Dividends on the way soon and we haven't even started eating the main course (Havieron) which I expect to be much bigger than what we have been told to date. I'm very much looking forward to the next few years, and as long as I stay healthy I also expect to enjoy the ride as a GGP shareholder.

Have a goodun, roll on the Town Hall.

TimberTrader

Nice one mate, and as you point out, any finds anywhere near Telfer already have Telfer's name on them. Rincon have a deal with GGP on their other licence so they have already sat around a table and come to terms, which means they will 'probably' be calling Shaun to see about getting some cash/resources to progress this new find. Regardless, anything that looks commercial in the region will have a much lower AISC if GGP allow them to use the Telfer infrastructure.

The more finds by other companies, the merrier for GGP, good luck Rincon.

TakingMyTime

Excellent post mate, I'm in full agreement, good luck with the strategy.

Lots of media coverage since the results summary was released which is great to see. And unlike some of the articles from not too long ago (that idiot inferring that Telfer was an expensive millstone churning out nothing but low grade dust), the newer media pieces are predominantly positive. Lots of people have been burned to a crisp on AIM and for some reason, many investors/posters might still think GGP is a 'risky' stock that can crash at any moment.

That is a limiting outlook and based on something that no longer exists. GGP is now a mature producer that happened to hit the jackpot when we acquired 100% ownership of Telfer and Havieron. The Tungsten asset will be monetised at some point soon (many options that require no cash input from GGP), and Telfer is happily expanding day by day and also paying for the development of Havieron which will massively increase production and lower the company AISC.

What people will soon discover (if they haven't already), is that any blatant smash and grab drops will be instantly bought into by PIs as well as the entities that the drops are being orchestrated for. GGP is no longer a risky explorer whose fate depends on some spurious drilling results, we are effectively a soon to be major mining company with at least a generation's worth of production from what we already have on our books. Shaun will be paying a dividend sooner rather than later, and no doubt other assets/companies will be bought out by GGP, I can't see another share I would rather hold so I won't, I'll keep it all here.

Grand National soon, I've heard there's a late entry called 'Telfer', get on it, it's a dead cert!

Belter news there. That was yet another point some people used as a means to state Havieron is still 'risky'. We all know Australia is a mining friendly environment, and we all know Havieron will produce for at least a generation. One more step towards official confirmation.

Nice one Paddy

Brilliant performance from the team at Telfer, thank you all and well done. Production continues to outperform estimates and the 'rumours' from people trying to second guess what is happening underground in the middle of the Australian desert are off the mark again. A mine that has been in existence for many years stores critical supplies in abundance to prevent unnecessary shutdowns. No diesel issues, no gas supply issues, a whole year's worth of pre-mined paydirt at surface just in case they can't mine anything new, no problem selling what we mine, happy days.

We haven't even scratched the surface on some new areas around Telfer and Havieron is the next cab off the rank in a few years. We pay more tax per quarter than the entire market capitalisation of most AIM companies with ZERO debt and most shares in the hands of institutions and funds.

Thank you Shaun.

'Rumours' of an RNS that WILL be here soon telling us exactly how many ounces were mined and sold for the previous quarter. Everything else is nothing but complete nonsense from people who want to appear 'in the know' when they actually know nothing about factual production figures (myself included). I'll wait to see what GGP declare because it doesn't matter what people on chat boards state, the reality will arrive in an RNS soon enough.

Happy Easter.

Every day that goes by without a joint venture deal agreed here is another day of lost 'potential' profit for shareholders. The cost to drill to depth and prove up anything official that could be used to inform a pre-feasibility study or initial MRE will be very high. This can only be funded via dilution/debt and each round of dilution will be at a massive discount due to the dwindling value of the company. The only way to provide shareholders with value (selling their shares for many multiples of what they paid for them) is to open the books to another company who can provide drilling funds in exchange for most of the asset (75%+).

From this pitiful value under £8 million, it will take a considerable amount of LUCK to hit a high grade commercial deposit that is retrievable with a low AISC. If that happens then happy days for shareholders, if it doesn't, the company goes bust and one of the neighbours pick up the licences for free. Right now, it's a zombie share going nowhere outside of some orchestrated trading pumps to run the price up, cash out, then watch it collapse again on no news.

Make a deal, get some drilling funds (way above their supposed 'fully funded' claims that are far from fully funded), and see if there's a commercial mine there.

Good Luck

While the arguing is going on, here's an interesting snippet from the RNS:

'Following significant resource growth, particularly in the M&I category, Greatland's FOCUS* now shifts to advancing higher-grade opportunities including WDU and the MDU sub-level cave area.'

Lots of information is now being compiled to increase our resources/reserves further, and by the end of June we will have even more official data that may/may not be ignored by the market. The word 'focus' being in bold gives us all an indication that higher grades are about to be exploited which in turn leads to better recoveries while we continue expanding Telfer. Setting aside whatever deals they have lined up for O Callaghan's, Telfer as a standalone is an exceptional money maker that will more than pay for the development of Havieron.

Roll on the end of June!

* In the RNS the word focus is in bold (I made it caps to highlight it here)

The Tungsten we own hasn't even registered with the wider market yet. It's a massive asset in itself and it's also made up of copper for extra revenue once processed. It's also on the critical minerals list which means tax incentives and partnerships with government(s) providing offtake price guarantees which completely removes market price risks. Coincidently, my last top up during the way overdone crash from the mid £7.00s down to about £4.30 was at £5.56 per share which is roughly where it is today.

Since my last top up, Gold and copper are much higher, lots more shares are now in the hands of various institutions and trackers who can't/won't sell them, and oh, we just had a look down the back of the Telfer sofa and found another 4.8 MILLION ounces of Gold equivalent next to a skanky old sausage roll and some haribo. Another 3 months of confirmation drilling has since taken place which will add further reserves, and the CEO specifically mentioned 'dividends' in a recent interview yet the price is the same as what I paid last week.

Someone paid £7.21 for over £6 million's worth of these a few weeks back when we had less reserves than we do today (officially), this is still slap bang in the middle of ridiculous BARGAIN territory.

Happy Hunting!