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Harley, either way they have come to possess nearly 6% of the company. Don’t think that kind of capital is flowing in for a quick buck, do you?

In the last 24 hours alone, gold’s rise has added a notional 60 million usd (90 million aud) to the Greatland profit column, assuming 300k production.

Start punching some numbers in at aud$7k gold.

We are still cheap as chips here!

Macro picture solid

Are results likely to strengthen or weaken the investment case here?

Are resource updates likely to significantly add or take away from known ounces?

Are GDX likely to buy or to sell?

Is the ASX100 inclusion looking more or less likely?

Given the above, it feels like this is the most no brainer hold for now…

My word Greatland are shrewd. Big cat now!

Strategic interest in Rincon and Aventine, but not shouldering all the risk. They win, we win.

Wonder how the bandits at livewire feel watching the stupid expensive AZY keep getting overlooked. The whole takeover play is well and truly cooked now.

The hub and spoke in action.

Where next, Winu?

If you replace ‘analyst team’ with ‘voices in my head’ then moon’s posts start to make much more sense 😂

Gotcha. So holding on becomes a double whammy in terms of collateral posting and widening losses.

Can’t say I have any sympathy I find shorting a grubby business.

Element surely there comes a point the entity loaning the shares simply margin calls them?

In other words, it’s not up to JanetStreetPorter they are simply forced to get on with the buy back?

Or do I have that wrong?

Granted this is a minor gripe but our status as the AIM poor relation is now assured.

With gold at 4600 yesterday why couldn’t AIM make its own mind up to breach 600. Then, with a bit of ASX hand holding overnight, we plough right through it.

The constant lag behind is also a minor irritant. Nothing major as I’m not a seller but AIM does get on my nerves a bit!

I think what is happening with the Fed/Powell is more significant than any war or conflict in terms of gold dynamics.

The Fed must walk a tight line between the domestic stage and the dollar’s global dominance as the de facto reserve currency.

Now the very credibility of the fed, and by logical extension the dollar is in question.

That is massive. And it’s only going to supercharge the migration from fiat to hard assets like gold, or to those currencies that might be preparing to back their currency with hard assets, ie China.

We are witnessing the reset in real time folks! The dollar is dying.

Old SD couldn’t have timed this all better if he tried.

When those resource updates come out what price then? £10 anyone? Don’t rule it out!

Element can I just thank you for your input over the last few days. Macro, geology, sector and now production analysis all been covered in great depth by you. Frankly, it takes balls to put your head above the parapet and make a call to hold tight, but you fully back up why folks should be doing just that. If WDU and Telfer updates go as I think they might, £10 could be seen in very short order. Remember to always think market cap/PE as opposed to share price. On both of these measures there’s a tonne of headroom.

For my own part I’d like to think we could be looking back, say 10 years from now, at GGP as number 1 mining operation in Aus and say, I was there the day they got the keys to their very first mine. That would be special indeed.

Just the beginning.

And for LTHs the compounding starting to really kick in. When 5% on the markets is 10/20/50% for profits!

I said it yesterday and I’ll say it again today. What price for a multi year Telfer, WDU and Havieron at full chat? Nice problems to have!

Whilst, of course, everyone invests to make money, it’s the vindication element that I find most satisfying. To see the way ahead at circa 6p to this point, and to have Shaun and his team execute.

The question now is, what price do you put on Greatland with the WDU and Telfer running for circa 15-20 years?

Nice problem to have eh!

Can you imagine a situation where 15-20 years at Telfer is confirmed, Hav primed and ready to be boned, and Newmont end up buying the farm back off us for 25- 50x what they sold it for.

Stranger things have happened!

With the mill at full beans and unsold ounces… the next quarter’s cash build could be absolutely earth shattering.

Well done to Shaun and the team. What a news period we are entering where we get to see the Telfer resource in all its glory!

It would appear that moon’s ability to use plurals are equal to his ability to make money.

Moon you’ve been trotting out this balderdash since 8p FFS!

A truly decisive quarter coming up with so much news to come from drilling and of course the all important updates to the MRE for Telfer and of course all eyes on the WDU. Combined with first full year production will the market begin to see the growth case here and value is accordingly?

Really exciting times.

Sorry yes Powell!!

Where the mainstream media miss the mark is they fail to grasp that gold is primarily reacting to fiscal policy, and the age of fiscal dominance has been upon us since Covid. Its effect is being increasingly felt now, and this will continue certainly as long as Trump is in the White House. That narrative is all about loosening monetary policy no matter what. This is being mimicked by many western governments (including our own) who are simply letting inflation run hot and to hell with the consequences. Not to mention that published inflation figures are skewed by utterly flawed accounting methods (real inflation, in my view, is way higher than the published headlines, if actually living in this inflation reality is anything to go by).

Wait til Bessent is ousted and a stooge put in his place, things will get scary as far as inflation goes, and it’ll be a currency race to the bottom from there on in.

Until the west becomes more hawkish in its monetary policy, I only expect gold to go up. I always see wars etc as a false flag for gold in terms of being a true price driver.

This is a good analysis of the situation:

https://jensendavid.substack.com/p/asian-guys-sudden-silver-story-and?utm_campaign=post-expanded-share&utm_medium=web&triedRedirect=trueIf