Member Info for Chuffchuff

Some nice drill results this month demonstrating Telfer potential might shift t dial a bit but I fear indeed that until mine ife extension is down on paper some insti"s will still be reticent . That said, sitting tight for 6 months is nothing to most given our patience so far. I hope the Havieron DTM is accompanied by the resumption of progress there rather than maintenance. We would surely have enough in the coffers to t least kick off certain works wouldn't we? - Knowing of course that mine life extension at Telfer also requires investment. I'm still hoping for at keas £5 by Xmas and another £1 on top by March.

Sometimes it feels that we invested in an underappreciated classic car at the back of an old garage covered in dust. Shaun knew the torque was always there in this beast but it needed a strip down to restore the horsepower, refining everything and squeezing out the existing resource with a tweak here an there. Now we're building acceleration with the drill into 2026. Of course it's a twin turbo, Telfer spooling up nicely and kicking in first, then we have the Havieron turbo spooling later and ready to kick just as Telfer is at its peak. It's starting to turn heads and get noticed.

I have an afternoon siesta to come Spade

I had a really strange dream last night. Shaun Day was about to sit down to a Sunday roast dinner but opted for Antipa(sto) first. It tasted bad so he spat it out and asked for it to be redone. Got on to the dripping roast and there was a Red Setter dog whimpering outside the glass door looking in drooling. With one sweep of the carving knife Shaun deftly lifted out the wishbone, ripped it apart and threw the tiny short end to the dog. "You may get more if you're good" he said. Then I woke up and checked for morning RNS"s. Dunno what that as all about.

If anyone is disappointed in "just" a 0.88% rise today, another perspective is that if we attain that daily 5 days a week we will hit £5 next month - well ahead of Xmas 😊

I meant to post the link to the full article 🙄 https://stockhead.com.au/resources/gold-outshines-gas-as-precious-metal-props-up-aussie-exports/

Apologies if already shared - no time to read all the posts!

Gold outshines gas as precious metal props up Aussie exports:

"Greatland Resources (ASX:GGP) was close to 10% higher, putting controversy around its re-stated FY26 guidance behind it with a beat on both gold and copper production in the September quarter.

The Telfer gold mine owner produced 80,900oz gold and 3400t copper (around 20% and 30% higher than analyst expectations respectively). Canaccord Genuity’s Alex Bedwany said Greatland’s $750m net cash position was already well ahead of its half year estimate of $658m with AISC for the quarter expected to land at the lower end of its $2400-2800/oz full year guidance range.

The key feas study on its Havieron development, the long term engine room of Telfer, is expected later this year."

I would have thought a few research notes are in the process of revision given the likes of Justin Chan at SCP slightly lowered their target last time on the basis of the revised advice with lowered expectation in July. There is a new dynamic now. Quarterlies to be finalised (lower end of AISC guidance Inbound), Telfer drill results, higher gold price moving in to last quarter/higher grades being accessed? Havieron DFS, drill results from other tenements...

Looking forward to new targets that take account of all this. Can't wait to get news on covering the portal, vents, expanded evaporation ponds and ultimately the decline restart at Hav!

Beat me to it Loggy

It could be that for a few the round figure of 400 (20p in old money) represents their target sell price. 8.35 on the ASX doesn't carry that same notional landmark price. All that said, my opinion is there is more to come.

The "rumours"hinted at by knowledgeable posters on here but castigated by some have proven correct then. Thanks for not letting the disruptors silence you. No apologies will be forthcoming unfortunately but I hope others will dismiss their input entely now. Legitimate questions are good, continual swipes are not.

Well done Shaun. Now how long will that standing ovation last in the next town hall?! A life changing share for many of us.

Perhaps we'll break £4 at the same time as POG breaks $4000? Within days? Be nice to break through before quarterlies and then drill results...

Sageman I often hear arguments about not being too overweight in one stock, and it is something I subscribed to myself until the past few years. However, in simple terms it has been necessary for many of us to accumulate to average down in GGP (always I hasten to add off the back of research and knowledge, even if at time there have been some setbacks). In the broader scheme of things it has paid off spectacularly well for me, and I suspect many others on here. If I took supposedly "corrective" measures to rebalance my portfolio I would have to sell vast amounts of GGP - not something I'm prepared to do right now - but again I feel this is a common sense approach. My profits here now provide a superb base to take the odd more risky punt elsewhere without fear. I won't go through the rest of my portfolio but it is very overweight on miners and a few explorers. This is based on my view of the economic and geo-political climate worldwide. I'm comfortable being overweight in GGP for the Telfer expansion and the impending Havieron decisions Bamps just referenced. I think there could be a decent uplift in the SP by Xmas so my holdings are staying put. There will be a time to take profit going forward.

There are a few notorious players who lag behind when it comes to retail offers or reopening after share suspensions etc. I used to have problems with Fidelity (which was a shame as I quite liked their research pages - although these are accessible to non-holders anyway). I got so fed up with it I moved to AJ Bell and have no regrets. Great comms and very clear instructions in events like this. The transfer over was pretty painless as well.

AJ Bell have also passed on the offer via email.

Without expecting any high drama, if a credibility gap did exist as per Stuart's X post I'm hopeful that it has been restored and that confidence will at least be consolidated by the impending quarterly figures. If there was a credibility issue at all it was second fiddle to the Maquarie debacle. The SP appears really solid now and is well placed for steady movement northwards up to Xmas. Looking very much forward to ongoing drill results as well as enhanced grades.

Prospectivity in play that was meant to read

When the quarterly figures drop if Shaun could voice pretty much word for word what you put in your 8.30 am post Bamps that might just bring perspective to the lowered expectations referenced last quarter and instead garner excitement about the prospective in play. It's so important that Shaun gets on the front foot with this I feel.

Thanks for our posts yesterday Bamps & Element. Hopefully if we are at the lower end of forecasts this quarter markets will take it in their stride. Hopefully too we see SD on the front foot explaining the path to higher grades at zones 2 and 7 in the manner you have. I'm hoping this comes (or is shortly followed by) some stunning drill results adding years to the mine life ahead of the Havieron DFS later in the quarter. Until we have it officially that we have a mine life extension of 7-10 years plus it looks like we will continue to be held back. The current status of an extended mine life "through 2027" is just too short given the proposed timeline to first ore at Havieron. Of course we all know this is all that can be declared until the proving up has happened via the drill, but until this is down on paper the more cautious funds (who we can't expect to be across the detail) will continue to be either reticent or unaware. It is my belief that the messaging and timing of news is going to be critical to the accretive rewards SD has promised. Some have suggested drill results may drop before this quarters results (not long to go if that's the case). I'm not sure strategically whether that is better pre or post quarterly reporting. I guess it all depends on the content of both.

That's really what I was referring to in my last post Spade. Things have changed for the better certainly, but I've long held the belief that whatever upgrades and additional years we get at Telfer. Havieron has to be brought within the timescale last intimated. It is the only way that LTH's will get a truly spectacular medium term reward. Anything else does run the risk of the scenario we had with the post ASX sentiment, even if the SP has actually been restored in relatively short time (albeit bouyed by a surging gold price). Havieron holds the imagination and the interest of many regardless as to the very welcome possibility that Telfer itself is a sleeping giant. I can't fully place the Lasdonde curve in our share now that we are part miner/part explorer, but if it still applies to us then Havieron is surely critical in rocketing this upwards is it not?