Member Info for Halba12

Ive been doing IPOS for a while on the ASX ,and u have to go back 10 years to when a stock downgraded so soon after IPO- Wellards, and that is worthless share now on the ASX. So its not a good sign of a downgrade so soon after. What next, more downgrades on Telfer? OR Havieron cost blowouts/equity raises/dilution? Market is now panicking other things could come out. These downgrades often occur in bunches - other goldies having similar issues on ASX include BGL for instance.

4.90s vs $6.60s ipo. one of the worst IPOS ever surely? Downgrade 1month after IPO. How many IPOs have done that? Absolutely none. ASIC should take a good look at them. And the pain could go to low $4s at the rate of decline, thats nearly half the IPO in just 2-3 months.

This is officially now a disaster. Moves down when gold prices is green, and moves even further down when gold price is red. Its a complete nonsense market.

Market has lost faith in the management team to deliver.

Just a hold. Once Havireon up and running the upside is limitless- look at the main GDX, in one week they put on 25-30%+, thats the reward for producers, just need to be patient and wait for DFS.

The major Goldies have risen huge this past 7 days on earnings. the issue with GGP, its main mine isnt producing yet.

Look at the following the past 7 days- AU, KGC, GFI, ORLA(from the lows) and AEM.

all have risen over 20-25% in 7 days. GFI has risen nearly 50% in 7 days

Its not in play. Media outlets forcing their own agenda for a click bait title, EVN has already denied it is buying any gold miners in this environment.

All false re in play re the twitter. theres no solid rumour. already refuted by EVN last week. ITs struggling to go up due to the bad press AFR article.

Back to the lows, trump tariffs continue to wreak havoc in non tech sectors.

some of todays decline not GGP fault - as the copper miners in US trade all down 10%.

Should be better as its a prepared standard investor presentation.

Yeah there was too much stammering but it seems to have settled down today. the 20%+ fall is a bit too much, considering Hav is the majority of the NPV. We all know Telfer is a legacy asset

Not confirmed it makes 600mil pounds in cash flow. where did u get that?

250,000 ounces x $2200 AUD = $550M in AUD. not 600m in pounds.

Opinion now at buy.

Simple analysis- if 70-75% of broker(or any objective valuation) NPV is from the large low AISC deposit Hav, and only 25% is from Telfer, a 20% drop in telfer valuation from this update, should only result in a 6-7% drop maximum in the share price(as its only 25% of the NPV), yet in ASX theyve overdone it to a 22% plus fall for the entire valuation. silly games being played.

Its ok it happens no one expected -20% drop today, esp considering 70-75% of the NPV/ value is from the Hav deposit.

Also only 20-30% of the NAV(net asset value) of this stock is from telfer. 70-75% is from Hav, as low AISC ounces is worth many multiples more on a NPV basis.

Mining news just in

https://www.miningnews.net/capital-markets/news-analysis/4517558/greatland-shares-plummet-great-gold-output-news

Miner disappoints market with lower output expectations than previously forecast

Michael Quinn

just 1 month from listing. not a good sign at all.

Hopefully market looks forward to the Hav/feasibility and better mine ahead.

cant control the gold price, yes momentum has stalled but still at high levels.

Was recovering ok then Days nervous presenting has made people nervous now back to the lows of the day.

Other Geo/manager was less nervous and gave okay answers, so hopefully he is just nervous from the SP reaction more than anything.

SP has dropped to $5.20s from $5.60s prior to the presentation(!)

It was already in the market in june= presentation on website for a while. -18% or even -10% is all overdone reaction. Re telfer, market valuation is mainly on Hav on this or should be

Gold production (koz) 260 – 310 - June presentation was 280 to 320k

All-in-Sustaining Costs (AISC) 2,400 – 2,800 - june presentation didnt highlight that part(but was given in prior meetings by SD)

Telfer growth capital ($m) 230 – 260

Exploration & resource development ($m) 55 – 60

Havieron growth capital (pre FID) ($m) 60 – 7