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Absolutely right sellme. A lot of the hot money (X is a great barometer for the general retail mood by the way) has moved into the oil trade. And still gold doesn’t budge. That, for me, proves that the gold bull is based on some sound fundamentals rather than pure ponzi style momentum à la Bitcoin pumps etc.

All good for GGP!

Had me a fiver on it 😂

Element re the share register, I also think that often the playbook for the pension whales is income, ie dividends. This isn’t just some pie in the sky theory, it’s baked into the Aussie institutional model, and it’s linked to various tax efficiencies too.

I know that there have been lots of debates about dividends re growth but I think Shaun understands that the big boys won’t move in until some steady income is proved up. So dividends will benefit shareholders twofold: first the dividend, second the money wanting in to take advantage of dividends.

Shaun gets this, he’s ‘dividend guy’. The irony is we get to have our cake and eat it to as the whales will be provide growth and we also get our dividends. What’s not to like?

Gold hovering around 5100 and Kent claiming it’s not a store of wealth 😂 😂 couldn’t make it up.

Sage, give this a read, good explanation of the moves within the markets:

https://x.com/shanaka86/status/2030103969503268934?s=46

I think too, if we subscribe to Occam’s razor, the simple explanation is that oil became the hot trade, so a lot of hot money moved out of gold and into oil.

But in spite of this gold’s upward pressure is relentless and a lovely base has established itself at 5k. Dreamland stuff.

Gold price ✅

ASX 100 inclusion ✅

Imminent news ✅

GDX ✅

These are not jam tomorrow price drivers. They are happening, and within a matter of weeks.

And yet the FUD and idiots persist.

Golden rule for GGP: a bottom (literal and metaphorical) is found when an idiot emerges on the BB:

John Bull

Ninetop

Victor/Tymers

Now we can add old Punts to the list

ASX inclusion in itself might be a might not be a massive shot in the arm, I don’t really know enough about these things to express an opinion.

But there may be a couple of pension whales who only take positions in the blue chip ASX 100 index. Now THAT could be massive. And there are a few miners who have supers with a direct stake…

Given the price action in Aus despite gold holding up beautifully, this is the top up point I’ve been waiting for.

Bit of fun with news just round the corner. I’ll start:

2.4 million ozs.

Totally get why some are selling. An ATH recoup 5 years in the making…I’d say those scars run deep.

But what of the folks buying said shares? Well the macro has done a lot of the heavy lifting and soon it’ll be time for Greatland to show what they’re all about.

March has been telegraphed in as a defining month for half a year now. I just hope that there isn’t total macro carnage on the day news gets released so that it can all be digested on its merits.

Should Greatland prove up Telfer and satisfy the missing link of estimated reserves, alongside another solid quarter, I think the path to an average PE, the the catalyst, is all but assured.

We are lucky: the macro has provided a huge boost in the absence of news. When GGP finally announces itself on the stage, what price then?! It’ll surpass the estimates of most I’d wager…

This sounds crazy, what the hell has it got to do with HL how your portfolio is positioned? They’re not your mother! I get it if you’re paying for an advice service but they’re just there to execute trades surely.

Glad I don’t get any of that nonsense with my broker.

Uncharted territory really.

There will be turmoil in the markets. But all sectors are not created equal and money moves so fast these days that the miners could do extraordinarily well in a choppy environment, and the bounce could be rapid.

As an Aussie miner, if gold shoots, we will be doing brilliantly well, regardless of a bit of short term volatility. Personally I feel that the market will sort the wheat from the chaff pretty quickly and talk of tier 1 miners getting clobbered with the rest of the market a bit of an overdone argument.

Fantastic week, things shaking up nicely for the critical March updates. It’s great that we flirting with all time highs prior to Greatland lifting much of a finger news wise. Got a feeling ‘all time highs’ is a phrase that’ll be getting chucked around a fair bit in the coming months.

For those with their eyes on the metals markets, there was another ‘technical glitch’ in the comex last night, instantly killing momentum.

With each of these engineered games the comex shaves off another huge chunk of its credibility, with each glitch the distress within the comex system becomes more and more apparent. Oh and guess who else is mixed up in all this? Jane Street. All is not well and when the comex is finally purged of all this poison, what price gold and silver then?!

https://x.com/wmiddelkoop/status/2026758688552210455?s=46

https://x.com/zerohedge/status/2026705610813620297?s=46

https://x.com/tfmetals/status/2026772326495240214?s=46

Interesting read on our old shorting pals (who got torched by Greatland by the way)

https://x.com/zerohedge/status/2026142817546887679?s=46

Interestingly JaneSt is a quantitative trading firm so must’ve purely been going off charts/technicals and thought it was overbought. Little did they know there’s a whole lot more in the locker for Greatland!!

Roll on March, a momentous month in the offing.

Morning Tug.

A good article on moonshots here, if you are interested:

https://thatstocksguy.substack.com/p/psychology-of-moonshots

Can I ask: is GGP your first major play? If so, and please don’t take this the wrong way, but you’ve dropped really lucky if so. The market might not always be so kind and you’ve landed on a unicorn in my opinion.

Your last paragraph speaks to me in a number of ways. I’m relatively young (in my 30s) but fairly long in the tooth investment wise. I too ‘wanted to do better’ but if my experience has taught me anything (3 major major bad experiences prior to GGP) then please don’t equate shouldering more risk as ‘doing better’, are you prepared to risk total liquidation of your investment for a 100 bagger? That’s the sort of question you need to ask, as that’s the game you’ll be playing.

If you have some spare change then there’s plenty going on on X, Telgram etc. but IMO GGP is a winner, and I’m sure someone somewhere said something about riding your winners 😂

Whilst I don’t like the tone of this ‘debate’ I do think there’s a point being missed, and it’s really important.

It’s probably more than likely that there was extended shutdown during the quarter. And yet the ounces were staggering.

So what is this telling us? Plan A, Plan B, Plan C, contingency upon contingency. Operational excellence running right through the apex of this organisation to ensure consistency, all the more impressive given how little time Greatland have owned Telfer. We already had it proved with the excellent improvement in safety and recovery rates, it’s proved again now.

What investors might have lost in mined ounces, they’ve gained many times over by being reassured that this team is the real deal and are managing this mine to its absolute optimum.

For me, it’s less a question of where the ounces came from. They came from a team who know this mine inside out and back to front, and who can weather storms (literally). Thats been and gone now, and the market doesn’t look back. It’s now more of a question of what they can chuck out of Telfer when you combine higher grade ore with another gigantic 6060 and this stellar operation.

Hey RB, ah out with the kids today so won’t be able to make it. First sunny day of 2026 round these parts 😂

First Bathams on me when we hit a tenner end of March!

Https://x.com/tfmetals/status/2022428556056465494?s=46

You feel the battle for $5k will be lost soon enough.

The drops feel forced, engineered. The rises just keep coming back, each time the support a little higher.

Extremely bullish.

I wonder if Gymboy took the hit on re entry?

It’s a tricky old game is trading!