Member Info for MAD.1

In the October 27th RNS

“Greatland Resources Limited (Greatland) is pleased to report operating (unaudited) results for the 3-month period from 1�July�2025 to 30 September 2025 (September quarter).

Greatland produced 80,890oz Au and 3,366t Cu at AISC of $2,155/oz Au in the September quarter.

FY26 production is expected to be slightly weighted towards the first half of FY26, and full-year guidance remains 260,000 - 310,000oz Au at an AISC of $2,400 - $2,800/oz Au.”

SHAUN has IDENTIFIED THAT THEY HAD A GOOD MONTH IN SEPTEMBER 80,000 once’s, he then says “FY26 production is expected to be slightly weighted towards the first half of FY26”

So if all quarters are 80,000 ounces we will exceed the annual target. But in that RNS he drops a hint that the performance will be better in the first half implying that December quarter might be lower (NOT AS GOOD)

I suspect we have had two weeks down time possibly three.

So I guesstimate gold figures for this quarter (13 weeks in a quarter with 2 or 3 weeks lost production):

Weekly processing 6,153.85 x 11 (11 weeks production in the quarter) =67,692.31 ounces of gold.

Or

Weekly processing 6,153.85 x 10 (10 weeks production in the quarter) =61,538.46 ounces of gold.

If these figures are correct will show production for the quarter dropping by 17% or 24% (rounding up) compared to previous quarters but still operating within target..

Question is how will the market interpret that production drop above as that’s a bit of a hit.

I think if it is less than identified above it could be positive but if it’s more it will be negative…

I respect Bamps a lot.. on the 21st December he was saying he wouldn’t sell.

Then he said he has sliced off the top expressing his concerns which are:

Together with the extended maintenance period this is how I got 45koz:-

5-6 weeks down time on the plant would mean we will miss the 80koz as previous quarters but could be in line with estimated forecast.

I think it could be down to 45koz

13 weeks per quarter is c6,000oz per week

7 - 8 weeks processing is 42k-48koz

Questions

Where has the 5 to 6 week shut down come from I can’t find any mention of this time frame (5-6 weeks) from published sources? Anyone else have info on this?

In the September update Greatland are forecasting 80,000oz for this quarter.

If they are only hitting 48,000’oz that will be a profit warning and will likely be a hit the share price…

What will happen to the price of gold if America goes to war with Venezuela ?

I thought the underground crusher and conveyor belt was ment to increase production capacity but can’t see any mention of that just the original 266,000 once’s a year…

I thought with the conveyor belt and crusher it would be 400,000+

You mean I said I was disappointed that out of no where they announced a massive dilution tripling the number of shares in circulation with fully explaining what they was using that or the previous money for….

Your right what’s concerning about that….

So I said I was selling before the dilution happened and that I would buy back in after the dilution went through and with the same investment increased my holdings by 10%. (I was expecting more than that but 10% extra is good)

That’s my concern as well and that the front right tyre on the van looks like it’s lacking air…

The evaporation pond doesn’t look that well constructed either…

You would think and RNS to the investors would of had some more care and thought about presentation in this looks really low budget, lacking thought and effort.

That image made me think of Del Boy from Only Fools and Horses not a professional outfit.

Even the time of the RNS at around 10:30 show laziness to me why didn’t they release it at 07:00…

I am invested here but to be honest I am not impressed with the effort made on that RNS… I hope they are better than the look….

There is a saying “never bet your house on it”

In gambling the odds are always stacked against you.

Investing in the stock market is a form of gambling. Nobody knows what’s going to happen even professionals can’t predict what will happen with a share price…

They place enough bets (spreading risk) if a couple surprises them or go bad they hope to make enough on the others for a decent return.

There is much risk currently in GGP I.e. governments, POG, delays, natural disasters etc that anything could impact the share price even things you didn’t know where things….

So you should spread your risk and never invest what you can’t afford to lose…..

Betting your house is very bad especially on one share.

Once the transaction was completed that’s disclosable information and there is no RNS saying it has been completed…

As the markets a week later is still not updated on new total number of shares in circulation again information which is disclosable..

And all sources still appear to show only half a billion shares in circulation not the approaching 2billion once the deal is completed…

I would suggest that transaction hasn’t gone through yet…

I have read it again, question still stands.

Those 1billion odd share dilution at should have happened on the 17th June still haven’t been issued yet either…

That will negatively effect the sp too I am sure…

Well tomorrow I disagree with over double the current issue of shares coming online tomorrow in the dilution I see this share price dropping to .12 ish area…

I have sold my holding and thinking I might buy in tomorrow once the shock and ore is over… but this dilution will massively effect the possible returns as there are now so many shares in issue…

I might just be out now.

No doubt Bamps is a very knowledgeable guy in his field which I believe is geological… But he is not a credible source of information on private corporation strategy….

So without a credible source where did the rumour originate?

If he heard it from Franks wife’s third cousins, girlfriends, best mates, friend who over heard two guys talking about it in a pub in Spain…. I would suggest it might not be that credible, so stop getting so worked up about gossip that’s likely to be incorrect gossip.

However if we have given it up because GREATLAND GOLD have made us an obscene offer to buy out the company… Happy Days!!!! (Again I have just made that up NOT FACTUAL!!!)

What’s the source of this rumour?

I could say anything doesn’t mean it’s true.

What you going to give him a quote for a new condemned extension?

My figures were on total revenue not including deductions so if PE is on net earnings you can half those calculations.

But when Havieron comes online in two years and POG is where it is now I would hope NET revenue/ profit would be creeping towards those areas….

Our PE ratio end of June 2025 is around 3.89

Guesstimating our total revenue for end of June 2025 is AUS $950,000,000.

Transfer that into pounds AUS = .48p to Pound is roughly half = £475,000,000.

That divided by number of shares (13 billion) =0.0365p earnings per share.

Share price today =0.142p divided buy earnings per share = P.E 3.89

Average PE for gold miners is between 10-20….

So a Greatland Gold P.E of …. Would mean a share price of …. Before consolidation:

P.E. 10 = share price of: 36.5p

P.E. 15 = share price of: 54.75p

P.E. 20 = share price of: 73p

Next year our earnings will be based on 12 months earnings not 7, increasing our earnings per share meaning those share prices value estimates above are 30-50% on the low end for June 2027…

So share prices based on PE VALUE FOR JUNE 2026 if Mr Day does what he says and there are no shock surprises either in mine development or price of gold means in theory our PE should be in the range of:

PE 10 = 46p - 54p

PE 15 = 70p - 81p

PE 20 = 84p - £1.09

Obviously then multiple the above by the 20:1 stock consolidation.

Or am I missing something?

Our PE ratio end of June 2025 is around 3.89

Guesstimating our total revenue for end of June 2025 is AUS $950,000,000.

Transfer that into pounds AUS = .48p to Pound is roughly half = £475,000,000.

That divided by number of shares (13 billion) =0.0365p earnings per share.

Share price today =0.142p divided buy earnings per share = P.E 3.89

Average PE for gold miners is between 10-20….

So a Greatland Gold P.E of …. Would mean a share price of …. Before consolidation:

P.E. 10 = share price of: 36.5p

P.E. 15 = share price of: 54.75p

P.E. 20 = share price of: 73p

Next year our earnings will be based on 12 months earnings not 7, increasing our earnings per share meaning those share prices value estimates above are 30-50% on the low end for June 2027…

So share prices based on PE VALUE FOR JUNE 2026 if Mr Day does what he says and there are no shock surprises either in mine development or price of gold means in theory our PE should be in the range of:

PE 10 = 46p - 54p

PE 15 = 70p - 81p

PE 20 = 84p - £1.09

Obviously then multiple the above by the 20:1 stock consolidation.

Or am I missing something?

In January updated they reported a Closing cash balance at 31 December 2024 of A$145.0 million….

In this financial report it says cash balance is $75 million with no clarification on what happened to the missing $70 million from what was reported in closing cash balance in January….

Cost of mining Telfer is $1,440 ish per oz….

Havieron is $818….

And we are only likely to see gold production until end of Dec 2024 before we cross list… As June 2025 half won’t be out until end of September/October 2025…

So all this annexing production figures and money we are making we won’t know before cross listing which is very annoying….

So mined 33,882oz gold equivalent in December 2024…

33,882 x US$ 2,550 per ounce? $86,399,100

Costs $1440 per ounce $48,790,080

So potentially profit of $37,609,020 ish… suppose it’s better than nothing 😂😂😂