Member Info for Dip666

You can't negate the effects of changing guidance just after an IPO- albeit it seems that were some market players taking advantage - but my position on this kind of thing is always thus:

Don't put yourself in a scenario you can be taken advantage of - the same risks and opportunities are there for all of GGP's peers - it's something that holds true in many aspects of life.

Were this a company lead by a less experienced and recognised team and with lesser growth prospects I may have reduced my position after that results drop but I feel it's something that can be negated once Telfer is proven to have much more potential with the updates we hope to receive soon.

I suspect we might now need to see a couple of well received quarters perhaps, especially if the ASX/GDX inclusions don't give us a huge amount of momentum and GDX inclusion takes place in Q4 not Q3 - hopefully both creating buying pressure that gives SUSTAINED rises vs short lived spikes.

I'll be excited to read the HAV DFS and very optimistic regarding the forecasts but the benefits of the DFS/DTM will probably come during the development of the starter mine than immediately on release now we're a producer as it does seem when analysing Lobo Tiggre's PPSS study which shows that initial interest is usually there for a well received DFS but then falters during development while technical and financial hurdles can become apparent (usually the norm in mining development it seems IMO).

It then picks up mostly in the last third or quarter of the development timeline. I'd expect fiscal and cost overrun's to any projections - as this seems commonplace - so probably best not to treat the DFS as 100% accurate - and pay attention to stated thresholds. But it will hopefully prove that Havieron is still going to be a very low cost mine and add considerably to the future stability and growth of the company's production profile.

But I'd argue in the short term that it's Telfer growth and expansion that will excite the market most and help build momentum again outside the ASX/GDX inclusions and looking forward to some good updates when they are ready. You don't want 'news' for the sake of news now- you want strong meaningful updates aligned to industry standards that are respected by the 'market' that help convince of the potential for growth for any investor in GGP.

Manipulation aside - it seems that this is still something that needs to be developed with the ASX audience - personally I think we have the team to accomplish this.

I also think that comms to retail isn't a priority any more and it shouldn't be, I imagine the business development team is actually very busy with activities related to bringing more insto's into the register and rather they focus on that personally than a need for 'news' - we need meaningful updates as stated vs typical AIM tailored 'news' bringing traders in and out.

DYOR as always of course :-)

Devon has some links to Troll mythology I think Culpepper, so rather apt.

There's only one person that rivals Freddo in useless and repetitive posts and that my friend... is you!

You really do require a hobby akin to knitting where your 'talent' in being repetitive could be leveraged into the simple and repetitive movements this pastime would offer an outlet for - rather than continue to bore us all to death repeating the same old rubbish post after post, day after day... after day!

You should take my suggestion up and knit your pal Freddo a nice jumper for xMas - but remember to leave plenty of room for his moobs :-)

Stocks can be fast tracked before 6 months on ASX200, such as for instance being amongst the top 50 stocks in Australia by mCap so it isn't a definitive period for all new entrants.

If not until next rebalance, hopefully the Hav DFS or Telfer updates, GDX inclusion (which I believe doesn't have any set time parameters) help rebuild momentum again.

From some research I saw on TG and also what I understand there isn't an absolute 6 month time limit for ASX200 inclusion so we might be added on the next rebalance if we meet the criteria.

Usually about a day using the old site but you can always email directly using info@greatland.com.au instead of using the web form.

I'd take into account they are much busier of course these days, but I rate them highly for investor interactivity :-)

The reason my focus post 2026 will be quarterly moving forward is because market reactions will often be short sighted based on ongoing quarterlies - but the remainder of this year is still about growth and potential spurts of growth coming from Indexation, Telfer updates and the Hav DFS.

The fuller picture for an 'investment case' isn't out there to the market yet - just a loose framework that has changed a fair bit both positively and negatively which creates uncertainty to some extent:

- Firstly the perception that Telfer was near EOL (including our perceptions too remember) were challenged since the deal but there needs to be more definitive proof delivered to the market to substantiate this and as we know this work is in progress in earnest

- Secondly there is now an expectation that the DFS will address more than the initial plan for the 'starter mine' so the market can start to consider an expanded production profile in the years ahead

- Then less positively from the market perception (which is what matters vs our own in terms of how mCap is affected), we just had amended guidance that didn't go down too well and certain market players took advantage of this opening and stuffed the boot in too

- But IMO we expect further updates around Telfer and Havieron that should build a more positive perception moving forward

- Indexation next month too should in theory add momentum, again this is open to individual opinion and expectations

Perceptions will change quarter by quarter or through other key events and market releases of course as we all know looking beyond what just happened. What dumps the SP down one quarter can be reversed by appearing like a bargain pick if there are positive advancements in perceptions in following quarters - a turnaround as such and that is back to narratives and perceptions as I like to visualise in more marketing/pr terms feeding into forward looking sentiment and thereby the SP.

A fuller picture of the investment case needs to form that is more stable and seemingly reduces risk of uncertainty through definitive data that can be analysed by the industry. The amended guidance doesn't align to the risk tolerance for some and fed into the drop. By year end there will be more substantiative data to consider and I personally expect a more positive picture in entirety that should allay any strong concerns and hopefully entice more demand.

The good thing about being rated an F for your last school report (unfairly or not doesn't matter - it just needs to be addressed) - is it's a lot easier to show improvement. The world class team in place have the knowledge and skills to reverse this and IMO they will but as always - DYOR.

Afternoon SullenPepper :-)

It's so strange how a person with a background in business and marketing strategy is continually reassessing and adapting his strategy... or is it?!

The Shifting Sand Dunes we have traversed my dear old boy...

- Initial investment case - JV with Newcrest acting as seemingly good partners retaining 30% of Hav

- Partnership deteriorated around Option Exercise and a sudden switch to predatory behaviour as sector bull run dissipated and GGP appeared fragile

- Newmont enter the picture and... buy out Newcrest!

- Newmont divest both their share in Havieron and Telfer which provides a in-situ processing opportunity vs going solo

- GGP Purchase both assets and other regional interests

Gosh - why would my rhetoric continually change?

Because I am a reasonably intelligent, rational and practical human being perhaps...

And Bamps isn't just repeating the company narrative in his posts - he always adds his own analysis and opinions which are highly valued by many of us.

Guys, check posting histories and it's clear some genuine LTH have decided to sell which is natural after the last week and to be expected after a much lauded catalysts has hit a bump in the road but not insurmountable snag IMO, it will pass.

it has been a very long and dramatic journey here and also the stage where retail will for good or bad reasons be leaving the journey and insto increasing.

What is happening at mo after the recent scenario is very natural and to be expected and not all are little uninvested weasals like Plode because this latest setback has made them decide to sell.

Some partners or family members will be influential in their decisions, others have run out of time or just lost faith in the plan. Natural reaction at this stage with the IMO temporary setback that if no further issues arise will be short term.

Manipulation is and has been there since I recall as a young lad buying my first shares, my dad dabbled a bit and never complained and neither do I as life is never fair. GGP is hardly the only stock that has manipulation so part of the job for our team to negate any effects, I don't have any sympathy on that for them, just handle the dark forces etc. and do your job.

Indexation actually being a catalyst will help in a recovery hopefully and then Hav DFS further feeding that momentum is a risk I am willing to take. It appears a few LTH have decided otherwise so good luck to them where they invest in future.

I'm not scared to either critique my own investment or if other LTH decide to sell, because I am secure in my own decisions. Why some post on selling is they have been here for years feeling as part of a collective and sad in leaving and others are effed off at how things in their perspective have gone.

Totally understandable after all these years but shows how overly emotional and attached both they and the angry posters are, don't be a Greatlander, be an investor first and foremost and not a fan.

The team will prove their mettle in months ahead and the perception improved if they stick to executing the plan without further issues, my money is on this scenario but best of luck to anyone genuine who feels otherwise.

This is the additional regulation some wanted, it has more scrutiny and so it should.

The response is a good one, as for blame, the entire leadership team has been involved in all aspects so not just Shaun on his own.

The situation was already out there so this scrutiny allows all interested parties including ourselves to gain clarification, perceptions and conclusions will of course vary.

These aware queries seem to be the norm in such scenarios after some digging so assuming the team had been expecting this given their ASX experience.

Not the glorious ASX start we thought but it is our and their reality. The team will have to dig in and do the hard work to change any negative perceptions for remainder of this year and hopefully the 2 major milestones we still have to play will aid.

Much like life, when you have an adverse and difficult situation, you have to be calm, considered and stick to the plan.

Https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02976552-6A1277506&v=4a466cc3f899e00730cfbfcd5ab8940c41f474b6

The indexation will hopefully help gain ground back next month, the guidance miss just after IPO seems a key reason in my mind having considered and taken in all the different viewpoints in last week, alongside some skulduggery it seems from industry players.

The rehabilitation work will have started at Diggers no doubt, Shaun was sure to state the stall number in his presentation as need to be getting the team talking to influential attendees such as journo’s, analysts, intso reps and also during the socialising at diggers in evenings - a lot to do when you attend these key industry events for most participants besides getting loaded at the bar.

Share Prices are forward looking sentiment, the job of the team is to change the current narrative and shape more positive perceptions of the company - that usually takes time. The team know they must ensure they meet and exceed future targets and build the case for Telfer and of course Hav through updates and a strong PR focus to help build demand. We really can't afford any slip ups this year whether through error or bad luck now.

The indexation will hopefully give a bump up but in order for it to be sustained IMO the Hav DFS needs to be well received when released and a key factor I would wager why the Hav DFS is scheduled after indexation might be to help ensure that any climb in SP from indexation is strengthened by the DFS.

Not the quite the early journey we expected once listed on ASX - but here we are - and the team has serious work to do for sure. They have the experience, they have the skills, this is their home turf and in theory home advantage - so it's over to them.

Not much we can do but see how things pan out into Q3 for now.

Narratives and perceptions are what aided the drop last week as a Share Price is forward looking sentiment based and perhaps a guidance miss so close to listing plus it appears ... some skulduggery aided that.

As someone who has not only been watching Shaun present since July 2020 but also formerly created transcripts, painstakingly at times by manually watching and typing the presentations, that was not a particularly strong performance IMO and I'm not bothered by that or think it should be feared if that is stated as an opinion, we all have one. In context to the week he probably just had, it was a brilliant effort.

But the presentation is meaningless as the real work at Diggers isn't some short presentation, there's a reason he remembered to mention the stall number as the real work will be talking to attending journalists, analysts and insto representatives shaping the narrative and perceptions for this to be seen as an unfair reaction and explain the potential ahead.

This work will be at the stall and hob nobbing in the evenings and nothing the team isn't well experienced in.

I don't fear either putting my investments through the wringer or at times expressing CONSTRUCTIVE criticism, which only an infantile idiot would then suggest was deramping.

There are ways to give balanced opinions and analysis in these chat boards and that works both ways of course. Empty ramping is just as useless.

I think the thought that anything any of us say will impact the SP moving forward is crazy. Shaun and co are dealing with the job if running the business and improving the narrative and perceptions.

They do that well, we will see the SP retrace and improve :-))

Doesn't matter what retail shareholders want as a big boys game now and unless major shareholders and company machinations want him out, his role is secure for now IMO and still IMO the right man for the job.

He did seem off today, of course he did as he just went through the week from hell and the fact he seems effected to me shows he gives a monkeys about how the company is perceived and mCap is affected by all things.

He'll either break or make the grade as a CEO , just like anyone else. He's had the junior stage difficulties to navigate and hit through them and I am certain will get us through this difficult period too.

We can all argue this and that and so forth but the game is for the big boys arena now, we can but watch from the cheap seats now.

Last week sucked, none of us expected that, but no doubt the team who is attending Diggers is doing the work they need to do talking to analysts and media members etc. also attending and putting the record straight as such.

That's where the real work is done at these industry events and I'm sure they'll be hard at work. Last week happened and here we are, but you just build a plan as I am sure the team was doing last week after the call and go through it step by step.

Well have to see how we are in Q3 when hopefully Indexation also lifts the SP and then the wait is on for the DFS for Hav by year end.

Almost an entire 5 months yet in 2025, a lot can happen :-))

If I worked at Greatland I'd have invented a drinking game for work do's where have to you guess how many times Greatland is mentioned by the regional explorers in their PR related releases :-))

There were three key priorities on Tuesday.

1 - Acknowledge the guidance miss, own it and explain the rationale

2 - Show that there is a plan to ensure investors can expect growth and positive returns moving forward

3 - Show a confidence in the above in your delivery during what was going to be a difficult call

I am a big believer in Shaun but himself and Simon failed to exude confidence in that call, totally understandable in some ways as a huge reaction and real pressure cooker situation but these are world class professionals so standards and expectations are higher. The guy used to be a CFO so numbers are his playhouse.

On a positive note the other two area were met IMO.

Also, the presentation itself will be of lesser import than the networking and conversations with key institutional representatives, journalists and analysts at Diggers during the next few days.

Hi Rotheryby,

absolutely - works both ways mate, teh detractors as surely some definitely exist like our mate Plode will have loved the guidance miss.

LOL I've just seen the massive number of typo's in my post... phones might be bigger these days but they're really just making them longer than wider - so that's my excuse :-)

We must remember that good posters or bad posters must never be defined by 'positive' or 'negative' :-))

It is the quality and usefulness of posts that must be assessed - not how positive or negative the post is, some of the most useful posts are those that critique - those are the ones that save your butt from losses in the market in my experience and why I personally am never scared of criticising my investments as well as praising them.

Analysis has to be 360 so don't fear putting your investments through extensive Due Diligence - if they are quality companies and/or projects - they'll pass the harshest tests.

Forecasts have to be conservative and potential issues have to be outlined so Shaun and co. did nothing wrong, as part of ANY forecasting you can't really include more speculative conclusions no matter how positive. You have to veer away from anything like that as there are serious consequences for appearing to have mislead - so being conservative and a greater focus on potential risks and issues is common from a well run organisation.

For whatever reasons the reaction was most of us feel more so than deserved BUT we must remember - we ARE biased collectively. So would we have said the same at a 10% drop, or a 5% drop? We have to be conscious of our own bias too.

Deserved or not - as I said yesterday quite bluntly - the market rated our results an F - Share Prices are driven on perceptions and forward looking sentiment than ever accurately reflecting varying perceptions of 'true value' any retail shareholder has. Fair or not - that's how it looked to a casual observer.

IMO Shaun and co need to continue the planned work, execute without any major issue as tolerances are going to be lower right now for any errors by the team and rebuild a bit of trust in the market - no one really cares if something was missed by NEM or NCM in eth past - we own teh asets now - we own teh consequences too but also of course all the upside :-)

Given the names we have floating around in the board, the potential technical data updates we might expect as outlined by Bamps - I can't see an issue here.

Well just one - time - always takes more time to rebuild than knock anything down but then again - if the indexation delivers then perhaps not so much:-))

I still feel Shaun is the right man for the job - he'll be calm and composed and stick to the plan knowing that this will all be in the rear mirrors in a coupel of quarters.

Feel free to disagree TT - the boards are for debate :-)

I'm got plenty of investing experience and a corporate background myself - such a large drop after results is anything but a blip, perhaps 'disaster' is too strong a word but it was a serious event. Results are when you are measured against your peers and the market just gave us an F - maybe it was manipulation but I need to see this evidenced.

Last week was not a good look - especially as a new kid on the block with all eyes on you. Shaun is a very composed fellow and no way would he ever let anger get the better out of him but on the other hand... fear - that's something that no matter how composed you are that can grab you.

I maintain he seemed a bit shook at times and it was in his voice too. Last week was an opportunity as a new kid on the block to build on the momentum. It's going to take more than a nice presentation at Diggers TT - it will take time to reassure the market that GGP can release accurate guidance into the market and then deliver on it so lets hope the indexation delivers.

You know the best way to make yourself hard to manipulate - make sure you're as water tight as possible now the assets are in our full control and ownership as going forward it will be harder to say the previous owners were to blame for this or that.

Manipulation or over reaction doesn't concern me - I have my targets set for Shaun and co. as no reason to need to be patient for years now. If they can't provide growth in such a strong environment into 2026 then I'll consider my position. I consistently said all during eth last few years once we became a producer that I personally would become more demanding and expecting on execution and ROI.

I feel the timeframes I have chosen are adequate for Shaun and co. to prove they can deliver on the roadmap - especially given their level of experience and past success. If GGP is so easy to manipulate and under 'attack' then moving forward it will be incumbent on the company to cover its backside and ensure they don't leave openings for 'them' to exploit.

... mapped out for GGP and act accordingly if not met.

Having a strategy avoids 'frustration'.

Blue sky, if going into the first 2 quarters of 2026 after indexation and Hav DFS have occurred then the reality is whether it be manipulation or the perception by he market of GGP, there will be better places to have your money invested probably if GGP isn't performing against peers by then. Right now, early days and I do feel some leeway is fair still.

It has a world class team and great assets, Tier 1 jurisdiction and there will be no excuses by then. When you have that kind of foundation, there is little excuse for a lack of success.

Shaun also won't be having an easy time and likely need to start thinking about a new job if he can't maintain a position for GGP that reflects it's quality beyond mid 2026 . The company doesn't pay divs so absolutely needs to deliver constant growth or why would anyone invest in it if it won't be delivering in a strong environment for Gold?

Like it or not, the SP around which GGP Mk 2 was formed is the new starting point and doesn't matter what averages we LTH had The company is run by the big boys for the big boys now and the higher average you have the longer it will take for ROI unfortunately. We are all in control of when we buy and sell our shares building positions and know the risks of losing it all when investing in stocks.

Last week might have been an overreaction or it might have been manipulation but the best remedy for that is show the market GGP can deliver guidance that they then exceed in future.

I don't agree Shaun was angry in the call, he very much sounded shook at times and so would anyone be, having shareholders like Twiggy onboard is all roses and champagne when times are good - but not the kind to disappoint. You think his ego likes reading' Twiggy backed goldie tanks on results' type headlines....

Shaun and co. will be laser focused to gain ground back and ensure future quarterlies are better received through many factors including embarrassment and a pressing need to win the market back and retain their own reputations. The company is genuinely full of winners and high achievers and they will want to get back on an even keel. Last week was a disaster, a large drop after results is never just 'a blip' but hardly terminal for the company at this juncture with a strong financial position.

The investment case for new and existing shareholders was built on the back of various milestones including the indexation and the Havieron DFS. If the company is struggling against peers after those have been executed and given time to deliver then we have the wrong team in charge given the tailwinds.

But you either risk staying in and being wrong or selling and missing the growth if the team delivers. As it stands currently, GGP SP has done well from the starting point for the new company. However, that probably doesn't offer much comfort for higher average holders unfortunately and I do have empathy.

As individuals, we should have our own KPIs and timeframes mapped out for