Member Info for Dip666

How dare you malign the good name of Moony Wents!

You neglect to mention his attempt to procure an Airship to utilise for Alien advertising in the days of 3p highs - the guy is an advertising genius!

And I'm pretty sure MoonFaker was buying all the way up to the 3's but why ruin a good story with the truth, it's just so unfashionable these days ;-))

As the great philosopher, he who is blessed by the moon deity of great wisdom and oft graces our board would say...

“In the midst of chaos in the chicken pen, there is also grain”

- Moon Zsu, The Art Of Woo Woo

Moony is telling fibs but we know he's just a silly little boy ;-))

Yep - always good to get a broadcast live from the Crack Den - thanks Tymers!

https://www.mediafire.com/view/624plrl3wmqx54y/Tymers_at_play.png/file

Fair point TMT but there are certain basic truths about business that have stood the test of time and uncontrolled growth has seen exceptional companies spell their own doom before :-)

I'm more than certain that the market would look more favourably on GGP if it were to JV or sell than decide to get into the Tungsten business for itself. I'd certainly consider the latter option as a very large addition of risk vs the rewards at this stage of the company's story - especially when weighed up against their upcoming demands with Telfer and Hav despite the current cash balance and debt arrangements.

I do recognise the commercial value of OC both now and in the future having increased of late and my more favoured option (currently) is a JV of some type with a very experienced and capable partner. This is the option that I believe offers a balance of long term rewards with far lowered levels of risk AND retain positive sentiment in the market.

Moonboy... all at sea ;-))

https://www.mediafire.com/view/wlvqsorp6ayr92c/Moonboy_All_At_Sea.png/file

I think Shaun made it pretty clear at the end of last year at the TH and in the related webinar that the team feels a JV or sale probably represents the smarter strategy for a company that itself has a great deal of development work to fund and manage ahead in its current principal area of business as a gold/copper miner.

Certainly from my own background in business planning and growth he seems to be speaking a lot of sense, if there isn't some kind of deal being worked on currently then I suspect that they might be looking at enhancing the commercial value and ROI through commencing studies etc.

The effort and cost should be worth the resultant ROI in any future negotiations and certainly looking at the transcript I put together just a few months ago it seemed monetisation through a JV or sale seems more likely to be pursued. Greatland has a lot of organic growth and development ahead in an area it is well versed with with Gold & Copper.

Keeping a narrow focus on this seems more appropriate and probably what large investors would prefer than GGP start trying to juggle to many balls in an area they would need to build a new team for and that my basic understanding indicates is both a complex metal and market place with China etc.

I think the market would prefer GGP keep its laser focus on Telfer & Hav and look at monetisation through a JV or sale - and this seems to be the current position being articulated through Shaun. Growth has to be both controlled and focused - or it can destroy a company as quickly as under performance can.

Things just keep going from bad to worse for the moon squad!

https://www.mediafire.com/view/3nxvp0ab323jl4t/Moony_takes_a_wrong_turn...png/file

When it comes to OC - I can't see more than a few hundred million dollars being added in from brokers at this point in time until closer as PJ says to some realistic chance of monetisation. And a lesser value currently than GMET which is an explorer benefiting perhaps from Hype vs a producer that becomes a lot more rooted to reality in most cases - although some deal surfacing would no doubt create plenty of action here too.

Billions for in the ground value as some have rightly pointed out doesn't take into account the time and effort over many decades to extract and process the ore which is why we didn't double in value overnight. The updates again haven't come in the most ideal of market conditions - so the effect may be muted and what the analysts and insto's also need to see is how the Telfer data works into the reserves next quarter to really underline the Telfer story rewrite and make it utterly undeniable :-)

There is a lot going on of course in the world that dulls or nullifies any good updates at the moment so I think we're doing well in context to those factors. Another important consideration is that for GGP to manage to improve the Telfer outlook so cost efficiently (discovery cost per ounce) and accurately is excellent for other reasons too.

It is helping build trust in their forecasting and reporting ability vs the negativity that came from the former Guidance miss and then some analysts suggesting that Greatland should also have been braver and upgraded forecasts last quarter. Greatland is a new producer so it's still building a rapport and reputation with these influential industry stakeholders alongside having to rewrite the Telfer story from cash cow with limited life to cash cow with decades of new life and better grades.

If you've ever invested in companies for dividends and income then as an investor you like to see accurate and timely reporting every quarter, you don't want a company that is in any way unreliable or hard to predict. Missing guidance and forecasts can wipe billions off a stock at times and give your portfolio quite the shock.

GGP has to earn its spurs still despite it's meteoritic rise as a producer - this is an ongoing process and we just saw another great step in the right direction yesterday :-)

Oh Yes- Moonie and his boys got a loooong way to go :-))

https://www.mediafire.com/view/57ke6hyqhkalq70/Karma..._a_loooong_way_to_go.png/file

Telfer Hav:

Infographic - https://www.mediafire.com/view/m6u5r80tykgdz48/Telfer_Havieron_Mining_Resource_Update.png/file

Video - https://www.mediafire.com/file/641xmt1wxt4c8uw/Greatlands_Golden_Jackpot.mp4/file

O'Callaghans:

Infographic - https://www.mediafire.com/view/f8iu9a3s4xt0og3/O%2527Callaghans_Poly-metallic_Mineral_Resource_Project_Update.png/file

Video - https://www.mediafire.com/file/pu17icxyqqtqnjh/O_Callaghans_Deposit.mp4/file

*This doesn't sound like an outlier though. That sounds like a really serious proposition.

- Oh, look, it's it's a high quality asset. Even the fact that it has base metals with it, you know, principally copper is hugely advantageous.

*The copper even adds to the tungsten value.

- Well, it does. It does. It virtually doubles the effective grade of the tungsten.

- So, that's how important that those that base metal is to it. So, it's it's a really interesting asset. it's been a bit overlooked, but I think critical minerals clearly is a bit of a a time to focus. There's this bifocation away from China and and I think you know having reliable western supply chains and I think tungsten potentially is part of that equation.

- So, we're excited.

*Mick Taylor, he's on the reliable western supply chains angle. I believe there have been meetings in Washington with several Australian mining companies with officials from agencies in the Trump administration and they're taking equity stakes in American mineral companies for example MP materials. He says I appreciate you probably wouldn't be able to say anything but is this something we're looking at or likely to look at in the future but I'm going to ask you separately would you like someone taking it from the US administration taking a stake in in Greatland?

- Well, maybe not a stake in Greatland, but there's ways where they could potentially take a stake in the the tungsten or O’Callaghans deposit, but but potentially I I think the off the potential for offtakes with with high quality government you know, Department of Defense or someone else, I think that's very attractive. So, look, we we're we're seeking to and to some extent have got you O’Callaghans on the radar for that.

- And you know, we're we're excited about where those discussions and we we actually think the the approach by Western governments of creating that underwritten price, so the price count being manipulated by China, a price floor, I think is a really sensible way for the market to decide what are the high quality assets in that space.

*So would you like to see a price floor established for tungsten?

- Well, I I think yes. I think it works very well where the market says, "Hey, look, if if we can deliver a stable price around market prices where they won't be interfered with you that gives you the confidence then to develop and fund an asset."

END

This is what Shaun had to say re. OC at the last TH Webinar :

https://www.ggpchat.co.uk/viewtopic.php?t=1220&sid=e30510605a5b042d2ea7574da338ba08

*Great. Okay. Thank you. I shall I'll remember that one for the future. Jonathan Dixon, Nick Taylor, Simon Rosco, they're all interested in O’Callaghans and tungsten. So I let me I'm going to read three questions. So answer it in one but I'm three parts and essentially it's the three questions put together.

What value would you assign to O’Callaghans and the tungsten? What are the obstacles to monetising this by mining it ourselves rather than selling? Fair enough.

What's the plan for O’Callaghans Australian's largest tungsten deposit? And why hasn't GGP included it in any resource estimates? Part two.

Part three. JP Morgan have just forecast a gold price of US dollars 5,000, 5,000 US dollars an ounce and copper at $12,000 a ton for 2026. Are we having tungsten for dessert

- So look, let's let's do start start with the gold copper. The look those price forecasts are are tremendous and I think a lot of the market sees opportunities in gold and copper. We couldn't have a better mix of commodities.

- Now let's focus on O’Callaghans which is our tungsten copper asset. Delighted with the question because it is a bit of a sleeper in our portfolio. it is it's one of the world's great tungsten deposits in terms of grade and size certainly sitting outside of China.

- There is a very good quality asset in Canada. But arguably this is this is next on the on the list. So it's a great asset for us and critical minerals now are really getting a lot of feature both with the Australian government, Japanese government, US Government of course and there is actually an Australian US government critical minerals agreement.

- So it's a real focus for us. We actually this was fully drilled out by Newcrest I think it was a say a 2012 2014 prefeasibility study done but virtually done to feasibility study standards. Newcrest once upon a time had O’Callaghans in their reserve. So not just resource but all the way into reserve.

- So we are going to be looking at potentially reintroducing that. can't say whether it will fit into this March quarter because to be honest we are focused mainly on the gold. but we would like to do it and it's certainly on the radar and we are thinking you know in terms of the question on value and how we would monetize it.

- We're very much thinking about the best way to do that, that may not necessarily be Greatland owning a tungsten division, but we'd certainly like to create value for shareholders and we that will be a bit of a focus for us as to how to solve that puzzle and you know create value around this event which could which which I think there's an array of corporate solutions for and I think people should be confident that we'll unpack them during the course of FY2…. well during the course of the next calendar year.

Contd.

Chickens, Nearology & Shorters meet Karma...

https://www.mediafire.com/view/6piod55w24f4sp7/Chickens%252C_Nearology_%2526_Shorters_meet_Karma.png/file

Amazing news - better even than many of us expected and a nice Brucie Bonus with O'Callaghans too :-))

Can't say I wasted any time getting excited thinking about the potential SP effect short term last night when I glanced through the RNS's as we have seriously volatile markets at the minute for obvious reasons, so you have to be realistic short term that we may not yet see the fruits of this labour yet by the team's first class efforts.

But the data is out there now ready to be crunched by the insto's and analysts, ready to be further verified even further next quarter and perhaps we also see the EPA approvals come in before Q3 - allowing GGP to formally confirm Havieron's schedule.

These are fantastic and exceptional updates that will help bring much value once things calm down and the market environment improves, I suspect we'd have been well into £8 without recent geopolitical events but it is what it is and to be expected - but hard to argue that the future looks anything but amazing for Greatland.

Somewhere on a steep and snowy mountain slope there are a few guys dressed in chicken suits all packed into a Telephone Box fighting over the phone to call emergency services - while it slides on it's side in ever increasing velocity towards a yawning chasm called Karma...

Also sliding towards this chasm are a few nearology plays insisting that GGP 'needs' their ore, looks like the gravitational pull of the Hub and Spoke model just increased in favour of Greatland...

Shorters too may find themselves running short of runway as they veer towards that same chasm, ready to swallow them up in future as they fall screaming into it's depths...

Anyone fancy an omelette for lunch :-))

Timing the release doesn't really come into it now you would think with where we are now and the size of the company. It's more important to release updates such as the MRE and resource update on expected schedules and be reliable, rather than try and catch market sentiment like some junior explorer might IMO.

You have to cater for your desired audience and that isn't retail - so I do think we still see them next week as was articulated to the market.

Unfortunately any LTH annoyed at the SP has to accept that this volatility is normal for a mining stock and we've now had TWO chances to slice or exit at around a certain level. Things were bound to get volatile once the Iran situation commenced so there was a clear choice to either ride or exit...

Not really expecting any short term benefit from the MRE and resource update amidst the current havoc but it lays the path for increasing Telfer mine life which on top of the reserves update and hopefully EPA approvals for Hav before H2 so FID/DTM can be formalised should help immensely in a better environment.

Perhaps we also see a O'Callaghan's deal too at some point, but ultimately there is a lot going on making the markets very unpredictable, so there is equal risk in holding or selling out now and then missing a sharp bounce back for mining stocks no doubt causing angst in some.

Just got to make your own decisions and hold yourself accountable at the end of the day ;-))

Oh yes - The GGP BOD need to listen to Moonboy - failed YouTuber, failed comedian, failed trader, failed chicken breeder, failed landline installer, failed electrician, failed petrol forecourt attendant - failed.. failed... failed...

I suggest everyone writes into GGP asking for his appointment as Chief Energy Strategist at Greatland.

I mean, how can you question the ability of the only man in the world to comprehend oil prices rise if supply is disrupted - absolutely genius.

@E1 - you're being too kind to the numpties mate...

How can we also neglect to recall the Moon Squad's well documented piggy bank shattering co-ordinated buys on the UFO downtrends where Moony and his henchmen such as Parisla called the 'bottom' at least half a dozen times while Moony was sharing his top secret confidential inside info on HUUUGE news incoming for the iron ore tenements.

If these plonkers ever make money - it truly is by accident.

From YouTube Poultry Expert wannabe's to rejects on Estonia's Got Talent with the squad's juggling Chicken Eggs While Breakdancing act - these boys continue to excel at being amongst the biggest clowns ever seen on this site!

Shares in Greatland closed more than 6% higher in Sydney. Greatland's stock is up 32% year to date.

MA Financial analyst Paul Hissey applauded the miner's cost control. First-half corporate costs were lower than expected, which was "particularly encouraging" given the company's rapid growth, he said in a note to clients.

Greatland reported corporate and other expenses--which excludes its cost of sales, such as production expenses and royalties--totaling A$19.1 million for the half, up from A$13.8 million the year earlier.

Day said the miner is "trying to stay really financially disciplined in terms of how we think about the corporate cost." That is probably helped by its focus on a single operation and its development project, he said.

To be sure, the gold-mining industry is experiencing some inflationary pressure that will impact Greatland like others, he said. "But I think we are confident that we can achieve the same if not a better outcome than our peers by continuing to have this focus," he said.

Article ends.

Articles from Feb 23rd and seems to suggest in a few quarters - but perhaps teh ASX100 listing makes this more likely sooner as TMT suggested:

By Rhiannon Hoyle

Greatland Resources might be able to fund the development of a roughly US$754 million gold and copper project in Western Australia entirely from its own cash if metal prices remain elevated, its managing director said.

The Perth, Australia-based miner could also begin laying out plans for dividends to shareholders within a few quarters should the rally in gold prices hold, Shaun Day said Monday.

Former explorer Greatland was transformed by its late-2024 acquisition of Newmont's Telfer mine in Australia's East Pilbara region. The up-to US$475 million deal included Newmont's 70% stake in the Havieron project it jointly owned with Greatland.

Since then, gold and copper prices have been on a record-breaking rally, helping Greatland build a large cash pile that it can spend on developing Havieron, which it had expected to at least partly fund with debt.

Speaking in an interview, Day said it is now "a very reasonable expectation" that Greatland will be able to fund the Havieron project from cash it is generating at Telfer. "We probably only need one more quarter of this gold price and you'd expect that to be the case," he said.

The Havieron project is forecast to cost 1.065 billion Australian dollars, equivalent to US$754 million. The company Monday said it had a cash balance of A$948.3 million at Dec. 31.

While Greatland's immediate focus is on organic growth--both at Havieron and the existing Telfer mine--exploring dividends for shareholders is also "something that we'd like to move towards," said Day.

"For as long as Telfer by itself is generating a billion [Australian] dollars of cash per annum, I think we have to start thinking about ways to reward shareholders beyond share-price growth," he said.

Gold and copper both notched record-high prices in January, owing to U.S.-dollar weakness and other drivers. The rally has been "hugely advantageous" for the company, Day said.

"If we have a couple more quarters of this gold price, I think we can be more expansive in our thoughts there," he said about potential dividends.

Greatland late last year agreed to A$500 million in corporate debt facilities with a group of banks. That was downgraded from a previously proposed A$775 million debt arrangement, because of rising cash flow.

It will be "lovely to maintain that A$500-million facility," Day said.

"It gives us a buffer, it gives us flexibility, but it also gives us the opportunity to pursue growth at Telfer as well," he said. Telfer is home to Australia's third-largest gold processing plant.

Day was speaking after Greatland reported a first-half net profit of A$342.9 million for the six months through December. That compared to A$35.1 million a year earlier, which included only one month's ownership of Telfer.

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