Let’s think this through22 Dec 2025 21:13
As a successful investor I know the difference between solid validated fact and anecdotal evidence. Clearly I pay little head to I heard it on the grape vine kinda vibes. In any case I never liked that tune.
Let’s look at the facts:
1 Greatland is a one asset miner
2 It has two trains and excellent facilities
3 Has proven over the last three quarters to be highly productive and highly efficient.
4 Has an excellent mining team, management team, corporate management team, a heavy weight board and very rich investors.
So it’s clear to me that Greatland being aware that they currently have a single asset will have put contingency in place because they need the asset to continue to earn the bacon. They cannot afford not too.
If we do see a lack of production we may see a dip in valuation but I will simply add to my holding.
We hit £5.40 today. My thesis allowed for £6 by December 27 and £8 by December 29. So I am delighted we are battering my own thesis. BUT, I have always understood that this is currently a single asset producer so yes I have allowed for dips in production (hence my timelines stated). However I have confidence in the team. Not because I have looked them in the eye and shook hands, I have not, but because they have an albeit short but impeccable record so far.
Let me make this very clear, Greatland has been highly productive and efficient and because an adverse event may hit production (which I think you will find SD has basically budgeted for; he is always mentioning sensitivity’s and optionality)
It is not what people say it’s the results they achieve and NO bulletin board commentator holds a candle to people that are actually doing it… Yes that’s Sean Day and team.
Any bumps in the road and Greatland team will sort them out
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