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Was expecting a horror show presentation from the comments here. More FUD. Presentation was good in my opinion!

Today that was more Shaun as I’ve come to know him. Relatively relaxed given the context and open body language. For clarification he has always ‘ermed’ a lot (watch literally any interview he’s done and you’ll hear it!) but this was a big improvement on the quarterlies call.

And can we keep in mind he’s primarily employed to run this company to the best of his ability? I’m sure he’ll pick up a few pointers on public speaking as he goes but it’s hardly a deal breaker if he doesn’t present like a seasoned head of state is it?

Great news on ASX inclusion by the way.

Onwards and upwards.

It’s pretty crazy to think that after just 6 months of production the ENTIRE acquisition deal had basically paid for itself. The processing plant, Havieron, all on a free hit now! Pretty wild when you think about it.

The name of the game for the next year or two is to simply build cash. For now, Telfer is relatively important in that sense. It’s the Domestique in the team with Havieron being the team leader (to use a cycling analogy). But even if Telfer stopped producing tomorrow, the road to Havieron is now set one way or another (either fully self funded, or with the help of tier 1 backers).

In this context I think the market ‘reaction’ might be better understood: something really not that important in the macro narrative was pounced on and rinsed for all it was worth. Telfer is a bonus that is a ‘nice to have’ but is very much the sideshow to Havieron. The market, particularly institutions, knows this full well.

Telfer has played an incredibly valuable role in setting the stage for Havieron. Hopefully it will continue to do so, but folks need to keep their eyes on the prize! This is why the DFS will be so crucial for the investment case here, and a potential major catalyst.

Rotherby will Bamps be presenting? Many thanks

Our very own speedy has suggested that gold has been in a lengthy consolidation phase, waiting for the next catalyst for the next leg up.

Friday could’ve provided two:

The US jobs data showed a shuddering slowdown in the economy with new jobs way below forecasts. This means looser monetary policy is likely, especially given the big beautiful bill has put Trump on a collision course with the debt death spiral. Which leads to point 2…

Firing of Erika McEntarfer in light of disappointing jobs data. It’s clear that the ability of US data reporters and the Fed more widely is increasingly losing its impartiality and becoming politicised. Not what you want from the leaders of the free world! We know what trump thinks of the hawkish Jerome Powell and so I should imagine that he will be next in the firing line as soon as Trump has a premise to get rid of him and basically install a ventriloquist puppet in his place.

I think both these factors could well set the stage for much looser policy, much higher US debt and…higher gold prices.

Dip, hence why someone like Bamps, who genuinely knows his stuff, is so valuable to this board. No AI there, just hard earned knowledge, studiously applied.

Element knows his onions, I heard him speak first hand in Sheffield and the guy is no mug. Perhaps when he moves slightly out of his wheel house he uses AI to augment his knowledge.

Make no bones we are lucky to have both on board IMO.

Nomlas, I’m coming round to the idea that this wasn’t an overreaction, it was premeditated and in concert.

On the morning of the results there were a sea of posters bewailing the fact that the company had sold folk down the river. Then the absolute hatchet job from Macquarie, then the evolution takeover article, then this total raid on the SP in spite of gold continuing to shine (especially in AUD terms) It’s all a bit too much of a coincidence don’t you think?

I’m now seeing the mileage Element’s thesis that Shaun wasn’t nervous but rather seething. Here is a man who has built this company from next to nothing, its very existence wasn’t a foregone conclusion 12 months ago. There’s some modestly adjusted guidance, and he sees, now, nearly £700 million wiped off the Market Cap?!

There are dark forces at work here! Where money is concerned there’s no trick these people won’t play.

On no planet does any of that make sense!

The disconnect between the revised guidance and the amount that’s been smashed off the market cap should tell you everything you need to know about how sentiment drives markets.

Pis are being bludgeoned at the hands of big, malevolent forces. Where money is concerned nothing is off the table and we are seeing every trick in the book being used the e moment.

I swore my buying here was done once we listed but I’ve added more today at these ludicrous prices. Crazy overweight here but see a swift reversal here once the feeding frenzy is over and big boys have had their fill.

I think that Shaun has learned a valuable lesson in the ‘soft’ side of being a CEO. Tone and timbre are vital signals to the market and I’m sure that Shaun would be the first to admit that the emphasis of the messaging, and mode of delivery, could’ve been more deftly delivered. There was almost a preoccupation with the revised guidance whereas the narrative need not have been dominated by this. It really is a footnote in the march to havieron.

That said, and I know this is a cliche, but really nothing much has changed. This seems hugely overdone in my view. I’ve been in a stock that witnessed an 80% drop in a day and honestly, when news is that bad, it’s just shock and awe. Over 600(!!!) messages today tells you there’s a lot of folk working overtime to get cheap shares and therefore it feels hugely overdone.

Thats my two penneth on it anyway!

NST still being absolutely crippled by their hedging I see.

Before, we were getting separate RNS’s for drilling and resource side of things, whereas Shaun has said that this will now be included in quarterly updates.

Given the amount of drills we have out there in the last few months, there could be some meaningful news on the resource side of things. Combined with this being the first major RNS on the ASX, I would be surprised if it didn’t contain some significant news beyond the figures…

This definitely has the feel of a dam about to burst. What a time to be releasing your quarterlies!!

Prevents not parents but you get the idea lol

If I could add a couple of points to Element’s excellent post:

- one explanation as to why the sector is failing to catch a bid is linked to the rather messy business models of some of the big players, who are working through mergers, acquisitions and divestments. Newmont is a great example of a mining titan in transition.

- the majority of the sector bought the clap trap being peddled by the likes of citi and hedged, so parents benefiting from the higher gold price. Northern star a great example.

But in Greatland’s case NEITHER of these factors apply. So I hope the market will latch on to Greatland as a standout within the sector before long.

Two observations I notice:

It seems to be ASX leading the way in terms of price action, with AIM pretty much mirroring whatever has happened on ASX. At present there is still a slight lag, with AIM price consistently a little weaker than ASX price. This has happened more quickly than I anticipated as I should imagine the lion’s share of stock is still here…

Today’s ASX volume was by far the highest we’ve seen since IPO. Signs of people moving into the market ahead of results. The fact that volume was accompanied by a move up a further positive sign of strong fundamentals.

Had we kept at the 325 level I was anticipating a pretty explosive rerate after Q2 RNs, but it may be we now get a rise in anticipation of results.

Amidst all this in fighting gold has been on a tear. More money in those Q3 coffers and excitement building for those results!

When indexation kicks in and a more general rotation into the bafflingly unloved mining sector (this gold price tells you that it can’t be ignored much longer) then you’ll start to see what GGP is really made of.

Most of all I’m really hopeful of some positive resource updates with a view to massive Telfer mine life extension…

It’s all part of the transition into a proper, serious company. Eventually the shares will move from people who want news every 5 minutes to institutional owners with multi year outlooks.

I personally don’t want to know every time a drill is put into the ground and am happy to wait for material news within the quarterly results.

News rich periods simply create an expectation/addiction for constant news which means the price drifts when there isn’t any. So this is all part of the natural cycle in my opinion.

I think Shaun fully understands the significance of the next RNS. The ASX is watching and looking at the road ahead for Greatland. I have every faith it’ll be an absolute banger not just in terms of the financials but business development and forward looking elements too.

Exciting times and gold ensuring Q3 is off to a flier, helping us pump millions a day into the Hav development coffers.

By a gnat’s nadger we are in the top 100 mining companies in the world, slipping in at number 100.

Within 3 years we will comfortably be top 50 IMO.

https://companiesmarketcap.com/gbp/mining/largest-mining-companies-by-market-cap/

It’s actually insulting that wishbone is being mentioned in the same sentence as GGP as if they are in any way a comparable investment.

One is a two bit Russian roulette gamble play, headed up by a seriously shady guy. Armed with a couple of licences and an army of pumpers.

Another is an actual gold producing company with a top BOD, making millions a day, with multimillion infrastructure and tens of rigs spinning 24/7.

It’s like comparing a CatD 1992 Vauxhall Nova with a brand new Ferrari. I just don’t get why the idea that the investment case is in any way comparable. It’s stupid.

We need to give this daft discussion 0 further airtime. This is a proper company, not a casino.

Go back a few months and the gold price was front and centre of discussions, so much more to talk about now! However gold price deserves a little mention, it seems to have e found strong support at $3250 and is back marching northwards. The Aussie dollar has strengthened against the greenback quite dramatically, but back over $5 Aussie.

These are dreamland prices for Greatland. Helping to seal off what is hopefully a rip roaring quarter and even more cash generation for Q3.

Kent. It’s almost like they need some stock. Wonder where they will get it from hmmm 🤔