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"Rent collection continues to improve and the dividend is still well-covered. It remains the Board's expectation that it should be able to increase the dividend further in the coming months."

I'm rubbish at selling and buying back, but I completely understand the logic. I would consider topping up after ex-divi day.

I'm starting to think about joining in, it seems to work!
Looking at IMB, they are reporting on Tue 16/11/2021. Going by last year, they reported on Tue 17/11/2020.
At that point they declared the ex-divi date as Thu 26/11/2020 so I'm guessing via the pattern that it could be a Thu 25/11/2021 ex divi?? Without counting any chickens, I'm wondering whether it'll be 48.5p, a 1% rise to mirror the Q1/Q2 rise?

Masses to talk about with updated drill results and imminent resource upgrade and possibly some scally results?

Bellers, thanks for that - very interesting post.
Also, thought SD this evening was fluid and assured. More importantly, he seemed comfortable with the direction that everything is going and is confident there is a clear and defined path to production.

Ha TomE, Keepyerhairon!

To be honest the two that do my nut are"loose" instead if "lose" and "math" instead of "maths".

Odysseus, I just saw your comment. For info, the following (regarding the possibility of a further windfall divi) was from the CEO on Sept 6, 21:

"The Company continues to benefit from the strong PGM price environment, which combined with strong operational performance, will continue to generate extremely healthy profits. Consequently, the Company was able to pay a windfall dividend of 3.75p per ordinary share ($14.3 million) in April 2021 and I am glad to report that the Board has declared an annual cash dividend of 4p per Ordinary Share for the period, which is a 150% increase on FY2020, payable on 3 December 2021. Should PGM prices remain favourable, the possibility of another windfall dividend for CY2021 will be evaluated by the Board during February 2022. We remain in a robust financial position with sufficient cash reserves to finance capital projects, fund future growth and enable us to mitigate any potential adverse impacts due to the ongoing uncertainty relating to COVID-19."

"No matter how good the dividend is, if it cannot cover the capital losses then that is not good enough."
True, but buying in right now may (may) turn out be good timing - yield is higher based on lower share price, and capital gains may be a bonus.

Odysseus, there is also the possibility of another special divi - not guaranteed but it could boost that 4-5% even more.

I'm suprised the divi isn't attracting many - it's 8% for anything bought below roughly £2.79. Even with the expected tough 2020 they covered the divi, and Price to earnings was 12ish even during that time - second half of the year should be better, you'd think?
I've been trying to pick up what I percieve to be cheap shares, so this fits for me. Obviously time will tell! Got a few IMB when they were 14.88 a few days back. Back to DLG, I'm wondering whether £2.76 is the bottom?

Hi seen_it - I'm not talking about the SP performance, I'm talking about the company's reporting. I've been adding a little, as to me it looks undervalued, but I can't explain the poor recent SP performance.

Great post xeverton - it shows the benefit of the high grades - the gold isn't scattered all over the place. I just envisage it as a stack of ingots.....

Have been getting a few of these.
Reading the half year report, all appears to be ticking along and predominantly positive.
Making profits with a good yield? Surely these should be more in the 300-350 range?

looking a bit healthier

The comments are getting more bearable as the price is actually rising!

This may have been done to death, but everyone says DYOR so I have. Now as a lot of the crazy tonnage figures go over my head, I've found the slide mentioned by lebugue-addick ( https://greatlandgold.com/wp-content/uploads/2021/10/GGP-Growth-Update-Final.pdf ) slide 25 really useful for my brain to get its head around the relationship between the December 2020 MRE and this October PFS, as it simply shows the contained metal in the final columns.

So in October 2020 ( announced December 2020 ):
Combining the Crescent Zone and Breccia we were given a figure of 3.4m oz gold ( 4.2m gold equivalent with copper etc )

So in February 2021 ( announced October 2021 ):
Combining the Crescent Zone and Breccia we were given a figure of 3.6m oz gold ( approx 4.43m gold equivalant with copper etc )

But for the gold, the difference is that of the original 3.4m oz that was INFERRED, 1.9m oz is now INDICATED, leaving 1.7 left inferred, plus a new 0.2 inferred.
I hope this is correct!

All is well and I'm looking forward to the updated resource estimate in December. Or January. Or February.


This post was almost

Despite the regularity of sell on news, I firmly believe that after the next resource update, the share price will re-rate and stay there.

Hi Strudel, it's a trendy infographic - it's a visual guide by design, to show those that don't understand the figures. However, putting the numbers on too would surely be double helpful!

https://www.proactiveinvestors.com.au/companies/news/962875/greatland-gold-to-become-second-lowest-cost-gold-miner-globally-following-havieron-pfs-962875.html

Sorry if this has been posted previously

I'm worried now, I hope there isn't a relegation trapdoor. I've not said anything useful for quite a few years.