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Contagion would ensure everyone gets a bit of a clobbering in the first instance, mainly due to acute liquidity pressures and selling to cover margin calls elsewhere as opposed to any perceived sector weakness. But once that dust has settled you’d expect the rotation into miners to be biblical, should gold hold up.

The wall st crash is a classic example of how this played out with gold miners bossing the markets in the aftermath.

Hi Rotherby,

NST is always an interesting read across. Not least because some of their key personnel, at that time, now work for us!

I don’t think the market can comprehend the pace at which Greatland has slipped into gear. For comparison, NST restarted Paulsen in 2010 and it wasn’t until 2014 that it hit 300k production. Right out the blocks Greatland is producing that sort of figure. It beggars belief really. Shaun has out Northern Starred Northern Star. This could explain the valuation lag at the minute. It’s really early days and to the outsider, perhaps this all seems a bit unusual and the market is waiting for Greatland to slow down and do things a bit more normally. Of course, we know that things are about to kick into overdrive.

Shaun is a man on a mission and I think it will surprise many how quickly Greatland’s journey to matching, and then beating NST could be. The figures tell you that we are much closer than the share price would suggest. That’ll correct itself over the next 6 months IMO.

It was the much publicised tariffs and trade war that first ignited gold.

Now , only yesterday, the US and China reach a trade agreement and gold doesn’t flinch. In fact, it’s inching higher. That tells you how much the gold narrative has now shifted towards the wider mechanics of the dollar and fiat in general, something much more profound than a knee jerk spike off the back of some nasty tariffs and a wound up POTUS.

Miners never really caught the huge tailwinds that typically come with a gold rush. Sure, there’s been healthy profits, but we haven’t yet seen the major rotation yet. Gold is building a healthy base that spells dreamland profits to the miners, how many more quarters of bonanza cash generation will it take before the wall st stops pumping the likes of Google (70% stock growth for 1% actual business growth- bubble much) and moves into a space that’s awash with $$$$$$…

25, not 35 for production, sorry! But you get the picture.

Great link TT

Reading the article, Ramelius resources, oof. Talk about a guidance miss! Production down 35%, costs up 37% and impact on share price? 10% drop. That puts into context the number that got worked on GGP a couple of months back!!!

I suspect when the Havieron DFS comes out, it’ll be revealed that gold could be hit by the mother of all bear markets and GGP will still be making boat loads of cash.

Yes costs will have gone up but newcrest had an AISC in the hundreds!! Tier 1 beauty of an orebody.

Backing up the truck for now.

Gold surges we barely shift.

Gold snivels and we get a full blown cold that even drill results and epic quarterlies can’t shift. So it goes.

If I were to guess, I think that if we work off the assumption that markets are forward looking, then Havieron is the question on everyone’s lips. What’s the capex? Can Telfer pay for it? Can this team execute and turn this stellar resource into the mother of all cash cows? What snags might they hit? That’s a lot of uncertainty for the market to digest.

Don’t get me wrong we should be on a WAY higher base even factoring in all the above, but it could suggest why Telfer alone is failing to convince at the moment.

The plot thickens… B21 GGP is now sold!

A registration for one of this board’s legends. Cheap too!

https://www.regtransfers.co.uk/purchase/paymentoptions/0/b21ggp

I think the natural point to pass judgement is when Shaun addresses the market this evening, this was always the organic point at which to do so, once drill results and quarterlies are in.

To have done a huge PR round after the drills, and then again the following week once the quarterlies dropped, doesn’t seem an especially logical thing to do IMO. But hey we all have our opinions and I take on board the views of others. I just don’t think Shaun can be blamed for not constantly roadshowing now he has a full blown operation to take care of.

All eyes on this evening!

I think a little too much is being made of the fact that the CEO isn’t shouting the results from the roof top when he’s set to address the market the following week anyway. Let’s see what he’s got to say tonight and judge accordingly.

I think we also have to appreciate we have a CEO with a lot on his plate right now, and running this company at the minute, at this critical stage, is likely to be extremely intensive. DFS round the corner, all this drilling at Telfer, all this exploration, all the while trying to maximise production and minimise costs, it’s a lot.

Yes drill results coming out in the midst of a pull back in gold and a raid on miners was unfortunate, but the truth will out eventually. Perhaps I’m selfish and not too fussed by it all as I’m still a buyer at these levels.

This is now a big player with many arms and value drivers in the locker. Drilling and resource development is a key cog in that, and in last week’s RNS, GGP proved to the market that Telfer has longevity. What the market chooses to make of it is another matter, and whether Shaun comes out and shouts about it, or keeps tight lipped, I don’t see why that matters too much…

Bamps, there was quite a lot of detail on some of the exploration drilling. Which (if any) of those results give you encouragement that a big find could be round the corner? It’s hard for a lay person to figure out but the Paterson farm in sounds promising. And lots of mentions of pathfinder mineralisation which can of course be a precursor to something significant.

Many thanks for your insights and looking forward to Sheff.

I’ve sort of made my mind up to hold until at least the resource update next year, barring some real frothiness and a hype spike here in which case I may slice (Doesn’t seem likely just yet because the hordes haven’t really rotated into miners yet).

Based on the general weightings of the chat, there seems to be a lot of sensitivity of a large quadrant of shareholders to the gold price, and almost a fear of missing the boat in terms of seeing that reflected in the SP. I think this view is misguided given that the growth narrative will drive our market cap much higher, even if gold were to retrace quite dramatically to the 3k region. We are on the cusp of something big here. Just a few more months to wait and the road ahead will be crystal clear. I want to be fully invested when Shaun finally lifts the curtain on it all.

Oh and all the dark arts being used to choke our SP give me even more confidence that serious players are moving into this stock.

Hold for gold!

The after hours is staggering. Just staggering. And people wonder why GGP shareholders see conspiracy round every corner!

Element, there is a growing faction of financial thinkers who are suggesting the age of leverage is over and a new era of ‘merchantisation’ is upon us. I.e I pay you for a product and I get said product in return, not some fancy proxy derivative of the thing that I want.

Gold is at the vanguard of this movement and we see it playing out right now. Investors are standing for delivery and won’t accept IOUs, paper products or derivatives. It is, in my opinion, why the squeeze in this sector is so acute right now.

What this spells for the wider market in terms of short selling and the appetite of lenders to fund it is frankly chilling, but I for one would be delighted to see short selling get an absolute bashing within the PM sector. It’s grubby and manipulative behaviour. Seeing the shorts get smoked…It’s not before time.

About time AIM took the lead now. That shallow, short lived pull back test day signals much higher gold inbound.

A suppressed SP, a much lower than mean average P/E, a flying gold price, drilling news imminent, news approaching for arguably the best undeveloped gold asset in AUS, a rare earths storm, full blown rotation into miners, GDX, short closing. The potential price drivers are numerous!

Only two or three of these factors need to hit and that’s it we are off and away.

I honestly think the next 6 months could see us become the best performing producer in the sector. Call me a ramper, that’s how I see it.

Rotherby I’ve emailed a couple of times about Sheffield but have not yet had a response. I may be in your junk folder? Cheers

At these gold prices that short should be getting absolutely torched.

No doubt some more nonsense in the form of 3million after hours trades inbound.

Hard not be cynical when there’s such blatant games being played here.

Anyone else starting to get a little more excited about the Tungsten?!