Member Info for Chuffchuff

Good luck to you too

I was here way back Cybertron. Called out people who did nothing but attack and even had your back at times. However, you know having been here some time yourself there's always another project. Everything looks wonderful at early stage for the potential. I'm longterm GGP and made bucket loads out of that and I'm still in so of course I know who Callum Baxter is. All I'm saying is nothing ever feels completely above board here. You know the score on the deal that was literally just for signing on Walvis. I've heard the reasons why it's not happened yet ad nauseum. Then it switches to Juno, with of course Mr Baxter. The raise pulls in the money for four drills. This was explicitly stated. Two drills happen. That is pathetic. Yes it may get revisited interpreting the data etc but really we are 8 or 9 months on and nothing... So now all along this was all about Gorge? I hope it comes to something for anyone still here but the track record to date does not instil confidence. I know that can change in an instant with amazing news and I hope that's the case. But for anyone who has been here a while it all sounds too familiar. There's always the next best story. Omar has variously hyped both Juno and PEL94 with news incoming. News now years overdue in the case if the oil and 8 months in the case of Juno. I say again two disappointing drills without proper accountability for the raise that funded more does not look good unless as you infer everyone was being stalled to wait for the next one. Anyway, I don't overly like people no longer invested making commentary so I will leave it there. But I was in and I did make money from 0.082 opening to sell my profits at 0.42 only to see my initial (very good) buy in price to stagger again so I was out altogether at 0.20 or somewhere like that. Now I do think you will get up there again even just on Gorge momentum but just be really careful. There is no excuse for some of the things management led most to believe were pretty much done.

Yes I wasn't really stating that so much for you Rotherby but I still think it's a fair enough caveat just because of the amount of times it's got nasty on here by people that have (stupidly) followed the words of a particular poster (or misinterpreted them). As you mentioned possible suitable timing to sell I was merely pointing out what happened on the release of figures last quarter and (to a certain extent the one before) although I know from your stats that you would be across that kind of detail. Found it interesting for myself anyway.

What's happening at Juno? 4 drills were funded but only 2 delivered... TWO. The weather stopped it supposedly and then interpretation for the new drilling season. Early '26 was when it was resuming there. How's it going then?There's always another project about to happen and both Juno and Walvis are barely mentioned these days. I've been out for a while now but saw a rise greater than usual todayl so thought I would peruse the RNS but it's not about the projects that are meant to be more advanced.

I meant to say that last quarter I think the figures took a few by surprise so maybe that element might not shift the SP so much if the figures come in as expected?

Hi Rotherby. This IS NOT investment advice, but last quarter the price was at 666 (argh!) the day before the quarterly production update and then there was a bounce to 740 the day of release with a further lift one week later to 784 before pulling back. The previous quarter there was a small uplift to the SP but a much more substantial one 3 weeks later when exploration and resource development update came out. Obviously many other factors come into play like the POG and more recently events in the middle east. But yes there was an uplift after the last production update.

Two years ago Greatland had 12 million cash in the bank (June 2024). I can't remember if a lot of expenditure was due this quarter but when the figures get reported in about 3 weeks we might have 1.5 billion. That is hard to ignore.

Personally I think that if a post puts someone's name in as the header it is normally derogatory and it over-inflates an issue that (if there is any discussion to be had at all), could be handled in a different way.

I've seen it a few times now and think it's pretty demeaning. I know I've been drawn into things in the past (it can be hard not to I know) but if anyone puts a name as the topic can't we just ignore or report? It could be regarded as targeted harassment keeping the originating posters threat going. I'm not saying we should never discuss an individuals motivations or contributions but I think on nearly every occasion I've observed it, naming someone in a header is pretty nasty. It leads to a pile-on, and consequently those making defences using the same title keep the topic on the page. If the original post is either ignored and/or reported the post will soon be lost or deleted.

I've seemingly been waiting weeks for my Hormuz item to arrive. I already have the fermentation kit but without the barrel all I can do is wait. Your tracking information keeps promising delivery on such and such a date but I wait in all day and nothing. Hormuz is being really shoddy. I know when my barrel does arrive it won't be delivered by a shiny new white van. I'll have gone to bed and some old retiree in a beaten up Fiat Multipla will leave it behind the bins. I'll wake up groggily to a photo on my phone and sleepily check my Hormuz delivery. The foxes will have got to the packaging but I don't really care by now. My barrel is here. My brewing can resume and when I pour my first beer I'll have forgotten about just how bad your Hormuz delivery service has been. My one star review won't make a difference because I know I'll have the old fella in the Fiat Multipla again. It's how the world works. Here's to a first pint of golden ale home brew in the coming months...

Let's not forget that the EPA approval came through "a little ahead of expectations" in no small part because Shaun's team acted swiftly to negate any issues over the Night Parrot by confirming voluntarily that no haulage would be undertaken at night. It is this preemptive work that has continually kept GGP ahead of the game, fending off any potential for a delayed decision. Outstanding work yet again.

We're a few weeks away from an impressive Telfer resource upgrade, knowing as we do that this doesn't yet factor in Pinnacles, etc. We have the rubber stamp on Havieron imminently and at the end of the quarter we will bank a load more money. Whatever else is going on we have baked in profit. Eventually the dersisking that has taken place will finally flick the switch for the most cautious of insti's still holding back. We are a lucky group of shareholders to be so well informed both by people on here as well as from the formal presentations by the company. I wouldn't have loaded up in the way I have without this privileged knowledge. It's why I can be chilled on days like this.

Good luck trying to get anything out of Fidelity. They cost me twice, first time when the GGP retail offer wasn't passed on and again when they were two days late opening trading after a suspension. My complaints fell on deaf ears so I walked with my feet. The irony is they had just appointed a "wealth manager" to me, due primarily to my success with this share. Until they start to listen to the genuine concerns of their clients the drift away will continue to happen. I've no complaints after changing to AJ Bell. My queries have always been responded to in a timely and helpful way.

Don't forget the last MRE had a cut-off date od Dec 2025, we are half way through the quarter at the end of which we should get a considerable uprated to our reserves based on additional evaluated drill results. That will surely shift the SP. This update today will probably be reflected even further down the line. I suspect the pinnacles may not even be the pinnacle! The proposed June update will cement the short and mid-term income flow for even the most cautious insti's, which should in turn release a new wave of speculative prospectivity based on the exploratory drilling still underway. None of this factors in other tenements...

Victor, back on 24th April you said "Added over 200k the last 3 days so yes im confident we have a 15 to 20% uplift when tango shakes hands".

On those three days the SP was pretty much what it is today. So you added £200k, watched the SP drop and are now going to take it back out again for nil profit (probably a loss when charges and spread are factored in).

As an aside, even though I'm logged in, when I click "recommend" on a post it doesn't turn green or increase the count anymore, I'm not sure why.

The difficulty is with timing. Although I plan to help out a few others I don't have children to leave things to (although a few nieces and nephews shall get a bit). At some point I'll be funding a house purchase with the freedom of not having to sell the one I'm in - all due to GGP. But there's little point in me cashing in until that is imminent. There are very few "safe" investments out there right now and even though most of my shares are in an ISA wrapper if I sell and don't reinvest then there's a danger that sitting cash will be pursued for tax.

Harrogate4 I've been in AVCT almost as long as here and that's been a long journey for little reward to date, although hoping we are closer to a transformation now. I'm also a bit perplexed by GCSU. You see there's other stocks out there I have stayed the course with, but still nothing matches how derisked this is with the potential for growth and more news from all sorts of angles. I'm so disproportionately invested here it's ridiculous, but yet I'm entiredly at peace with it. I may still cash in before we see Hav in production, just due to circumstance. I've seen several extended family members fail to benefit from years of hard work due to poor health or worse still an untimely demise. The average age at which ill health kicks in in the UK has crept downwards by two years over just 10 years. Be sure to enjoy the benefits of this transformative investment when it is in your interests regardless of what else may be to come. Of course if I were younger this would be a dividend company for me for sure.

Highlights

Operations

▪ March quarter production of 82,723oz Au and 4,128t Cu at an AISC of $2,056/oz Au

(YTD FY26: 249,887oz Au and 11,022t Cu at an AISC of $2,136/oz Au).

▪ Record open pit material movements and ore mined in the quarter as high gold recoveries were

maintained, with 88.4% recovery achieved in the March quarter, similar to H1 FY26.

▪ Zero lost time injuries occurred during the quarter, resulting in a 12-month moving average Lost

Time Injury Frequency Rate (LTIFR) of 0.2. The overall safety statistics have continued to improve,

and Total Recordable Injury Frequency Rate (TRIFR) is 4.6.

Financial & Corporate

▪ Sales of 97,800oz Au and 4,620t Cu at weighted average realised prices of $6,773/oz gold and

$15,803/t copper, generating net revenue of $742 million.

▪ Cash flow from operations of $453 million and cash build of $260 million for the quarter delivered

a closing cash balance of $1,208 million ($948 million at 31 December 2025), debt free.

▪ Full upside exposure to the gold price with partial downside protection provided from gold put

options at a strike price of $4,200/oz (CY26), $5,000/oz (Q1 CY27) and $5,200/oz (Q2 CY27).

Growth

▪ $42 million in Telfer growth capex invested across tailings storage expansion, open pit pre-

stripping, underground development and open pit fleet renewal.

▪ Record 240,000 metre annual Telfer drilling program continues to plan, with 10 drill rigs in

operation. A total 78,302 metres was completed in the quarter (December quarter: 54,204 metres).

Word in the Pilbara is that even the Night Parrots came out of hiding to applaud Shaun Day. This guy makes friends not enemies. That said, the detail and the scrutiny is what he's truly about. The efficiencies already observed, the stellar safety record, the time taken to forward plan every scenario... these are the things that make this as sure-footed an operation as it's possible to have in this sphere.

Full text of announcement:

Greatland Resources Limited (Greatland or Company) (ASX:GGP, AIM:GGP) is pleased to provide the following preliminary production update for the March 2026 Quarter:

• Production of 82,723oz Au and 4,128t Cu (YTD FY2026: 249,887oz Au and 11,022t Cu).

• All-In-Sustaining-Cost (AISC) is still to be finalised and will be reported in the March 2026 Quarterly Activities Report.

• Sales of 97,800oz Au and 4,620t Cu1 (YTD FY2026: 252,212oz Au and 10,333t Cu).

• Cash at 31 March 2026 of $1,208 million (31 December 2025: $948 million) and nil debt which represents a cash build of $260 million for the quarter, after capital expenditure, and a cash payment of $73 million for tax related to the FY25 period. Greatland will now commence paying regular cash tax instalments with effect from April 2026.

• Greatland maintains full upside exposure to the gold price, with partial downside price protection provided from gold put options. Greatland is closely monitoring potential supply chain and cost impacts due to the current conflict in the Middle East, and notes the following:

• Telfer is not currently impacted by diesel supply disruptions with fuel supplied directly by a global oil major on a long-term contact via Port Hedland. • Telfer’s processing plant power is generated onsite by natural gas that is delivered via the Pilbara Pipeline System ex Port Hedland, from Western Australian natural gas production. Telfer’s underground operation utilises an electric shaft hoist, reducing diesel intensity of Greatland’s highest-grade ore sources.

• Telfer maintains significant surface stockpiles of 22Mt @ 0.36g/t Au & 0.05% Cu estimated at the end of March 2026, equal to more than 12 months of mill feed. Greatland currently expects full-year FY26 production around, or slightly above, the upper end of the production guidance range of 260,000 – 310,000oz Au. Greatland will release its full March 2026 Quarterly Activities Report later in the month of April 2026. A webcast will be held on the same day, with details to be provided in due course.

This announcement is approved for release by Shaun Day, Greatland’s Managing Director.

Well Ace, when I got news of quacks at the tailings dam I was worried for a bit. Now it all makes sense.