Member Info for Dip666

These 'deals' are to the other juniors in the matrix of companies these group of execs orbit collecting cheques... juniors that will probably struggle without major backers of their own to bring into production as opposed to deals with mids or major which might explain why UFO hardly reacted to silver surge at mo...

My UFO holding is a tiny proportion of my portfolio but am well aware of the money others have invested here at much higher averages than mine and feel for them as I don't see fast routers to production i.e shareholder value with these transfers to other juniors in their matrix s I call it.

Hardly the level of JVs to date that GGP pulled off with Newcrest etc.

46 mins in for those watching replay tomorrow as I had made a note as a reminder of what E1 just outlined :-)

AUSSIE FY26 would be 30 June 2026 so yep - in line with their performance targets also.

Debt is used for many good reasons by companies with abundant FCF - we have a lot of development to fund too with Telfer and this is a very risky business - as is mine construction.

Let us not forget feasibility studies are not 100% accurate either and mine builds do appear to often go over budget and schedule from my understanding - we await finalised timelines post FID for Hav too yet.

I'm just looking at the headlines tonight - intend to clear the afternoon out of poss tomorrow to delve into the DFS - will be interesting to assess the cycnical Ozzie takes too on HC and perhaps analysts too.

We have a great position fiscally with Hav - especially as a new producer - that most would envy.

Sorry Ricardo.... - I'll have that pint for being so mean I waited for all the guesses to come in before posting the details of the 4th December target.

That kind of Machiavellian mischief deserves rewards!

As discussed elsewhere with someone, the conduct of many companies listed has also lead to the demise of AIM. It's always been a dirty business but only got dirtier over time.

When I invest any money on the markets, it is with the realisation that it might all go up in smoke at a moments notice.

Had a tech company that outstripped my gains on GGP two fold in 2020 do so a while back due to the machinations of some major investors taking a naive CEO down dark paths that lead to ruination... not for them, they secured their stakes before the collapse...

I haven't wasted time dwelling on it or other losses, you reflect to identify if there were signs and make some notes for future and get on with things. Too much regulation would also kill the ability to close on multi baggers so I'm happy enough to traverse the wild west in all it's glory :-))

- Page 20, marked Page 19 in PDF to read section for dealing with misleading and abusive posts

Article:

https://archive.ph/20251130153146/https://www.thetimes.com/business/companies-markets/article/london-stock-exchange-abuse-aim-companies-zjwpkt3st

Discussion Paper - Feedback Statement - Shaping the Future of AIM

https://docs.londonstockexchange.com/sites/default/files/documents/discussion-paper-feedback-statement.pdf?dm_i=7RAM,2CSXZ,26VIC2,4MWB5,1

Discussion Paper - Shaping the Future of AIM

https://docs.londonstockexchange.com/sites/default/files/documents/discussion-paper-shaping-the-future-of-aim.pdf

Hi Tex- not saying that 3rd party peer reviews might not have cut things close or pushed over the line... but the teams been working on a GGP DFS on the context of being sole owners of the asset/s while Newmont was still to announce a divestment strategy - as shared at a Town Hall*** by Shaun.

***One of those 'useless' gatherings according to certain numpties on these boards :-))

I would think there is a flurry of activity planned for the Business Development team once the DFS is out - maybe not the kind of activity we will have awareness of along the lines of pitches to Oz institutions etc. going on in background to inform and attract more interest - while Shaun does a few more public facing interviews and the Town Hall while he's here in London to also no doubt be talking to banks and insto's in London.

I am expecting the DFS by the 4th due to the above and deadlines set as below :-)

*FY25 performance rights as per link below:

https://www.lse.co.uk/rns/GGP/finalisation-and-grant-of-performance-rights-e2n1cz8jz1d5eh2.html

The percentages are the weightings for each attached to the performance rights around the timing of the DFS:

- Havieron optimisation - 10% - deliver by 04/12/25

The Company completes a Havieron feasibility study within 12 months from completion of the acquisition of Havieron and Telfer (Acquisition Completion). The Havieron feasibility study demonstrates materially improved Havieron project economics relative to the Greatland base case in the Competent Person's Report published in connection with the Acquisition

- Havieron financing - 10% - deliver by early June 2026 if DFS timeframe met

Execute and achieve financial close for Havieron project development debt finance facilities within 6 months from completion of the Havieron feasibility study

- Havieron FID - 10% - Deliver by 04/06/26

The Company achieves a final investment decision (FID) for the completion of Havieron development within 18 months from Acquisition Completion

- Havieron development - 10% - During Oz FY25

Progress Havieron development on schedule and budget, relative to the Havieron feasibility study

Nine pulling little zingers out to unsettle folk unfortunately.

He's tried a few approaches:

- endearing himself to everyone with sickly sweet posts aimed at frequent posters (failed abysmally due to lack of charisma and sincerity)

- playing the intellectual (doomed to failure when you have the mental acuity of your average koala loaded up on Eucalyptus leaves)

- posting 'useful' information such as his sorry attempt with tenements and licenses, perhaps more purposeful than sorry?

He's one of those idiots you meet who seems to think that if he thinks you're intelligent and on 'his level', you should be flattered - the reason being he has this perception of himself as some superior being.

The reality is that day by day there is a case growing whereby Havieron doesn't have to be rushed into production with Telfer more than up to the task of keeping the profits coming in.

Just a quick reminder about Town Hall on 11th December as I promised Donald to do so - gladly as his efforts are a reason we've been able to benefit from so much face time with SD. Over 200 tickets are booked and 50-ish remaining but there is also a webinar with a Q&A you can pre-submit questions for, to cater for those who prefer as per links below :-)

Shaun Day, Managing Director at Greatland Resources, is joining us for the latest hybrid Greatland Resources Town Hall on 11th December 2025.

Ticker TV is hosting an in-person Town Hall evening in Central London for shareholders and those interested in the company.

Venue

22 Duchess Mews, London W1G 9DT

Timing

11th December 2025, 18:00 to 20:30 GMT

Registration

https://send.copiamailer.com/t/j-l-ydvjyz-hitihyqdy-y/

Submit questions here:

https://send.copiamailer.com/t/j-l-ydvjyz-hitihyqdy-j/

If you can’t make the physical Town Hall evening, we are also putting on a Live Online Q&A webinar that afternoon for shareholders.

Town Hall Q&A Webinar Registration

https://send.copiamailer.com/t/j-l-ydvjyz-hitihyqdy-t/

Please click to ask Shaun questions here

https://send.copiamailer.com/t/j-l-ydvjyz-hitihyqdy-i/

Please note this is a new venue close to Oxford Circus/Portland Place in Central London. Do let other shareholders know the Town Hall is taking place, and we look forward to greeting you online or in person. If you have any questions, get in touch.

Hi Buffa - I truly think that the current SP range is fairly static as the market needs to see a Hav DFS that puts aside any doubts about capex and they really need to see telfer LOM and production numbers extended. They are valid concerns for institutional players - it's retail meatheads like us that invest more so on what we think we know about such things.

If you look on GGPChat - I would go through the VALMIN Code stuff I put together if not familiar - you really don't see true value assigned outside hype driven momentum for anything besides very proven and verifiable data. It was the 5% Option Exercise that drove me to delve into valuation methodology and since then - I've had a far far more grounded understanding of 'value' in this sector.

The other factor is the massive ranges you can utilise using the same data and still call something JORC or VALMIN compliant. As someone with a background that encompasses research and stats - despite not being a Geo I see a lot of room to eff around with frankly where you can clearly see the ability to 'play' at being conservative or vice versa using identical data. These codes are simply guides and you can apply varying techniques and metrics to make assumptions and conclusions, hence the need for arbitration clauses for instance with GGP's Option Exercise with Newcrest.

In 12 months time I'd swap calling GGP being an undervalued opportunity for underperforming if we're not 'in the mix' with relevant peers on ASX. I'm going to probably ride this out until H2 2026 bar any unexpected macro shift to see how teh market treats the data and studies that will be released. The markets are crazy, you can polish a turd and have totally overvalued stocks or have great sound companies drifting like deadwood. But I'd argue that GGP has yet to show the market the data it needs to see to make fully informed decisions as an institution.

I do think the proximity to production will influence how sharp a rerate we see for the Hav and Telfer updates - so mid-term for Hav growing into commercial production and hopefully more rapid if Telfer development can add ore quicker. But all of this is uncharted territory for most of us - so I've learnt to be open minded about expectations than get fixated on narratives. I believe some compelling updates are coming and that the market will come over fully to understand the potential here but as always - we should all DYOR :-))

CP - how would you know you won't get much from attending a Town Hall when you've never attended one?

Town Halls or similar formats are used widely in all sizes of organisations and other use cases for the obvious reasons such as with GGP that you get the opportunity to stand in the same room with Shaun (the CEO of the company you have invested in - considerable sums for some of us) and ask him questions directly in a very informal setting after the formal presentation an Q&A..

You're able to get a lot of insight and clarification into all kinds of matters from technical to fiscal that you can't obtain from an RNS or that clarifies information that you do get from market releases.

I also speak as someone who has shared a great deal of research and show an understanding of the investment here vs just empty argumentative posts like you. And it's very clear from the feedback that many of us have also taken the time to share in the past offered much value to other investors who were unable to attend - so stop spouting rubbish.

It is a risk for any company you hold Buffa, Shanta holders got screwed lately so it happens and something you have to consider as a viable risk in ANY investment you hold mate.

What's the point of asking any CEO though if they intend to screw you... You're just going to get a uniform response of how the Board is there to protect shareholders and strict regulations and so forth etc. etc. etc. It's a waste of time in reality IMO.

This is an inescapable risk in investing in growth prospects where the company needed funding parties and cornerstone investors such as Twiggy to 'make it' beyond being another money pit junior explorer. White Knight to White Shark is always a risk with these major parties from a range of reasons to lack of performance from the company to more nefarious underhand actions from them.

SOLG needed a turnaround in leadership and it's paid off but now there might be the risk of a cheaper sale than desired albeit at a premium if the major shareholders decide it's a good price from this or other bidders if they surface and if course of their votes are enough to swing the decisions, those fanciful levels being spouted on LSE chat boards are never happening...

You can't have one without the other in my experience, anytime I've sat on an investment whichh has multi bagged it has also ended up with the majority of shares held by the big boys.

Do I think GGP holders are going to be screwed by Twiggy etc. , not really as the company has done well for Wyloo and other major shareholders that came in with the acquisition and GGP hasn't effed up where they need to protect themselves.

Can't make large gains without risks and juniors can't make it to this level without funding parties and cornerstone investors who essentially now make the decisions for all of us. I'm prepared to ride the risk for now as long as my portfolio grows. I don't think what might be 10 years ahead from this stage, it's incremental for me.

No one can look beyond 12 to 18 months in any clarity and this is why detailed business planning only goes this far usually. Shaun will give the usual response any CEO does, but the hard facts are that any investment can shaft retail. Inescapable risk but less likely IMO at this time in GGP.

Yet to see anything particularly smart from you Moonie so I'll be surprised if you have anything useful to add to the mix?

However, I do look forward to you explaining how I am a 'bandit' in person rather than sat behind a keyboard ;-))

You bringing any of those delightful pet chickens with you?!

LOl Freddo, English isn't moon's first language, think he is just referring to the investors in his TG group as 'genuine', I guess the rest of us are all fake and nothing better to do on a Thursday evening in the Big Smoke :-))

You'll have plenty of opportunities in the informal if you don't get a chance during formal presentation.

Surprised some of these 'genuine investors' have never bothered attending before.

I'll look out for you as recall your YouTube vids and be sure to pop over and say Hi :-))

These broker ratings are never accurate bellwethers - both from experience and also from researching and reading a couple of studies.

Great PR to have brokers all forecasting higher prices for the look of things - but in terms of accuracy - absolutely pants.

Let's be blunt, most posters don't even discuss anything but the target price, even when detailed DCF forecasts are included :-)

I do wonder if the team really want to miss on targets below - so unless peer reviews etc. pushing them beyond 4th December, I'd think they would want to meet this date.... recap below:

*FY25 performance rights as per link below:

https://www.lse.co.uk/rns/GGP/finalisation-and-grant-of-performance-rights-e2n1cz8jz1d5eh2.html

The percentages are the weightings for each attached to the performance rights around the timing of the DFS:

- Havieron optimisation - 10% - deliver by 04/12/25

The Company completes a Havieron feasibility study within 12 months from completion of the acquisition of Havieron and Telfer (Acquisition Completion). The Havieron feasibility study demonstrates materially improved Havieron project economics relative to the Greatland base case in the Competent Person's Report published in connection with the Acquisition

- Havieron financing - 10% - deliver by early June 2026 if DFS timeframe met

Execute and achieve financial close for Havieron project development debt finance facilities within 6 months from completion of the Havieron feasibility study

- Havieron FID - 10% - Deliver by 04/06/26

The Company achieves a final investment decision (FID) for the completion of Havieron development within 18 months from Acquisition Completion

- Havieron development - 10% - During Oz FY25

Progress Havieron development on schedule and budget, relative to the Havieron feasibility study