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Volume of after hours trades alone higher than the total trades for the day 😂 😂 😂

As you were, move along!

Element, whilst I agree that the current P/E is laughable, it will be for Greatland to demonstrate to the market why it deserves a better one.

This will be achieved through mine life extensions and consistent results. In a year’s time I reckon (and hope) that we will at least be in line with the market average. But for now we are new kid on the block.

Hi Bamps, I suppose the devil will be in the details.

I have no issue with debt being used as a growth vehicle, but I’d be disappointed if any funding came with certain conditions around hedging X amount of Havieron ounces. Plenty of miners get clobbered by hedging which to me is like a turkey voting for Christmas in the age of put options.

Hopefully, our cash position will prove useful collateral for any lending, allowing us to enjoy the most favourable funding terms possible.

Funding or no, I trust the management to make the right decisions here, especially given SD background.

Zoros your theory is undermined by the fact that central banks continue to buy gold hand over fist.

This isn’t a game stop style retail pump, this is being driven by price insensitive buying.

Gold will be front and centre of the new monetary order, just as it has been for every monetary reset in history.

If the quarterlies deliver some good detail on Telfer extension opportunities I see our stay in the 400s being a very short one. In a $4k gold environment this is not ramping.

To the wider market, mine life is the missing link and Telfer is a tired old girl. It rewrites the whole narrative around havieron picking up where Telfer leaves off. No, we will have two tier 1 assets going full beans.

Between now and Christmas is our window for the re rate to finally happen IMO.

I’ve been surprised by the volumes here and thought that psychological 400p would tempt a few sellers. Only 2 million shares traded though so volumes not supporting that theory.

Bodes well for the current base and primed for a leg up.

You may recall that our SP was getting well worked prior to our first ever quarterly update and Shaun released an RNS to say the results were inbound. Again we see here he’s looking out for the little guy.

But now production figures and earnings are known to the market, that has me wondering what Shaun wants the market to pay attention to next.

Viva la drill bit!

Shorters don’t always get it right

It turns out nobody on the short side knew anything

Shorts don’t dictate price when the fundamentals are sound

Shaun loves a bonfire as much as the rest of us 😂 🩳 🔥

Wow, well done Shaun and the team. Make the market listen.

This preliminary mic drop doesn’t just cremate the shorts, it also now means the market knows the figures.

Meaning that there must be some tasty stuff waiting in the wings, which will get centre stage in the next quarterly activities report.

Against this gold backdrop it could get interesting if they drop some serious drill results; and for me revealing the production card now suggests this is on the cards…

Mr Bull is a trader for sure…don’t make your FOMO our problem though.

Us LTHs are so chilled out we are practically sideways. Ok so the re rate doesn’t happen today, tomorrow, next week… doesn’t change the fact that Greatland is making BANK every single day and that coiled spring gets compressed that wee bit more with these crazy gold prices.

With quarterlies, DFS, drill resource updates due in the coming months, there are enough catalysts and eventually the dam will break. Of that I am pretty certain.

Once those delicious Hav ores are feeding the mill, Greatland will have earned the right to a PE of 20+, and with a superior AISC (it’s hoped) to boot, it’ll be 20x a much higher earnings than what it currently is!

#torque

I’ll be at the sheff meet. Wonder if we will get 2 for 1 with an Element cameo?

Schlem…price discovery, which is allowed again now. Although the usual suspects will tell you the past 3 months have been totally normal and nothing untoward has happened. Regardless, hopefully that’s all behind us now and that short is getting nice and toasty.

You really have to just marvel at what has transpired over the last 48 hours. I confess, I can’t get my head around it! That’s not to say I’m surprised because where money is concerned, especially a large rebalance such as was required here, it was always going to be odds on that they would try every trick in the book, and so they did. I just didn’t think they would get away with it quite so cleanly as they did. Perhaps more will become clear in the form of TR1s next week.

Whilst I do partially subscribe to Redirons theory that this is a singular event that was only ever going to produce a singular (and likely temporary) spike. I’d argue that the relentless pressure on the SP in the run up to this has caused an even more profound price dislocation. Just as a very crude comparison, GDX 3 month chart 38%. GGP 0.42%. Now the GDX seems to be faithfully tracking the gold price with a 3x miner leverage, GGP now finds itself even more undervalued. All the while considering that GGP was undervalued vs ASX peers BEFORE this prolonged price bash. I just take heart in the fact that we are fully participating in these bonanza gold prices and that the market cannot ignore this forever.

I genuinely cannot find a mining peer with a tier 1 asset in a tier 1 jurisdiction that is this undervalued. It’s going to be explosive when the market finally twigs what’s going on here. Next quarter results will start that, as will a WDD RNS, but the true afterburners will be lit when Telfer’s mine life is revealed next March. Throw in the DFS (not the sofa) and you can see there’s a real purple patch on the horizon in terms of news flow.

Here to march? 6 months. It’ll be upon us in the blink of an eye.

Am I reading that volume right on Apple stocks, 39 million?! And they say the markets aren’t bent?!

Agreed PJ.

I always think that Shaun walks the line between giving enough info, without it being RNS territory, to tell you where this thing is going with great skill. The signs are all there for those who will listen!

Nothingspecial. But we know that blackrock are accumulating. Do you think that an outfit of such immense size and magnitude wouldn’t use the vast resources at its disposal to keep the SP within the channel? It’s like child’s play to them.

Looking at the performance of the other stocks scheduled for inclusion, who too are flat, Occam’s razor suggests that the buying has not yet started and Greatland is trading in a similar fashion to all the others. Some shares may have been front run but certainly not enough for the rebalance.

Don’t forget, due to the leveraging torque offered by miners, our profits are up nearly 30% with a gold price of 5500 Aussie vs 5000 Aussie. Equivalent to an extra 150 million profit.

Now beginning to seriously doubt whether Greatland will need the debt facility. And debt free would make the company a virtually unique entity in the mining world.

Latter stages of this week could be very interesting