Member Info for lebugue-addick

Loftmonkey - I doubt very much that Greatland themselves feel at all smug. All they need to do is keep doing what they do best - exploration and development. The results will then take care of themselves. All the rest is just noise and irrelevant sound bites.

Hi Archways - good to hear from you and my fingers are crossed that you are able to see this setback too.

All the best

l-a

The other point to note is that Greatland is at a completely different point of the business evolution cycle. It has gone through most of the funding hurdles now, to the point where it will be ready to go into production next year. EEE on the other hand will need various amounts of funding to bring it to the same point. A bit like comparing apples and pears really.

7% of GGP (assuming price of 7.7p at close which is where it was trading at 4.30pm) adds around £22m to its market value . So I think Dawn_Shay has masterminded a bit of an own goal there when comparing to EEE.

Oj17 - that is the profit figure, not revenue

Plode - your economics theory is correct; when interest rates rise then gold tends to be less favourable. So it's just as well Greatland has a very low AISC ($743/oz according to the last Newcrest financial assumption) compared to the price of gold (latest price around $1,950/oz). That's around $1,200/oz profit on each ounce Greatland will be selling some time next year.

Now even on a ridiculously and embarrassingly out of date MRE of 6.5m oz gold equivalent, amounting to 2.9m oz in Reserves for a 10 year projected mining plan Greatland will be making some $87m each year for its 30% share.

We are of course waiting for the ridiculously and embarrassingly late Feasibility Study to be released from the very firm clutches of Newcrest (or Newmont, who knows) setting out the results of their value enhancing options beyond the 2.9m oz Reserve plan already in place. So the annual profit figures will be even more eye-watering when they are released.

The other point to note is that interest rates are near to peaking already so when Greatland start producing next year interest rates will once again be on a downward trend, and hence the gold price is likely to be in their favour. Sounds like a perfect scenario to me.

Review of half-year results - Closing cash position of £59.8 million (A$110m) as at 31 December 2022.

Can that really be any clearer - to all those who say Greatland are running out of cash, THINK AGAIN or be reported for spreading FUD.

You have been warned.

Dobbin - so write to him if you're not happy. Don't come on here and tell us the bloody obvious about the SP

Doyouevenlft - do you even read RNS's? It appears not. Most of the additional shares have been to explore and develop the asset, just as their business model sets out. And they have done pretty well with an MRE at Havieron of 6.5m ounces gold equivalent just 3 years after drilling started. That is a remarkable feat for any junior explorer.

And there is plenty more to come- looking forward to 10m ounces or so at the next update on or before 17 August when Newcrest release their annual results.

GLA serious investors only

ID.IOT - one trick pony, SP SP, SP, SP. Give it a rest. Why not talk about the assets. Ah because that wouldn't sit well with your negative agenda.

Lm "we are no more than a blip on Newmonts radar and not a worthy of a discussion until perhaps next year when a decision whether to close Telfer is ratified".

You do know much it costs to decommission Telfer - it's mega. Not going to happen imo.

MH01 - re your 20 cents remark, I would expect Shaun is looking at the two cents waiver permitted in ASX Guidance Note 12.

Hi Dip. When the ID.IOT posts on here we THINK he's an ID.IOT. If he turns up in person at the TH and opens his mouth we will KNOW it for sure.

Thought for the day - at 31 December 2022 Greatland had over Aus£100m cash. They are certainly not short of funding. Any more must only needed for value accretive purposes imo. Top 3 on the list?

l-a

Lol Daveri - If you're gonna be a smartass, first you have to be smart. Otherwise, you're just an ass.

Antigua - I think what Bamps was alluding to is the Reserves figure not changing much from the 2.9m oz gold equivalent (which mainly concentrated on the SE Crescent) because the drilling in more recent times has been in the SW-NE direction and vice versa on their way to the link zone, Eastern Breccia and Deeps and not mature enough to convert to Reserves yet. But it will in time.

The MRE itself will have grown of course - Shaun Day has already said he expects the Resource overall to have increased by some 43% compound annual growth since the 3 March 2022 update ie we are looking at something like 9-10m oz Au equivalent in mid-August when reported. This increase will mostly fall into the Inferred and Indicated Resource categories.

I hope that helps allay your fears.

I am looking through the ASX listing particulars documents as in the attached.

So far all I have found is the following:

Chapter 1: Admission. Condition 12

"If the entity has options on issue the exercise price for each underlying security must be at least 20 cents in cash".

https://www2.asx.com.au/about/regulation/rules-guidance-notes-and-waivers/asx-listing-rules-guidance-notes-and-waivers

There are also Guidance Notes and Appendices. From a quick search - Ctrl F5 - nothing further found for the search term "20 cents". Anyone else had any luck?

Cheers l-a

The problem is StarBright you are either 100% negative or 100% argumentative and you flit between one or the other in the pursuit of your self-obsessed drive for superiority. Falls on deaf ears.

Now if you were to take a balanced approach to Greatland maybe you would start to have an audience. Until then people will remain sceptical as to your MO.

Liking the sound of all this today - whether it's preparing the ground for ASX listing, future discussions with Newmont or some other M&A activity. We will find out soon:

"1. Havieron is a Tier 1 high-grade gold/copper deposit located in a low-risk jurisdiction

2. Existing Telfer infrastructure de-risks future operations at Havieron

3. Havieron’s Mineral Resource of 6.5Moz AuEq underpins long mine life with extension opportunities

4. Significant exploration upside from highly prospective tenure across Western Australia

5. Strong platform with strengthened organisational capability to deliver growth"

StarBright - alternatively, all the attempts by sellers trying to get this lower today have failed. UT = 9p.

It works both ways you know.

Sureasblazes - I am glad you said it first - price and value are totally different things. It seems lost on some, but we keep plugging away and eventually the penny will drop.