Member Info for pj70

People are forgetting that the satellite sites around Seligola are within 20km distance away so trucking distance for ores. Currently drilling is happening at other sites around Seligola so there is the potential for Seligola not just to be producing undergound and extension of pit but tonnage of higher grade coming from other sites nearby

Definitely a slow mover on this news but being bought up.

The potential for Seplat over the next 12-18 months is phenomenal and the perfect dividend/growth stock for the next few years in my opinion.

Its doubled in the past 2 weeks based on some people obviously already knowing this outcome!

Surprised by the reaction as the copper price has actually not dropped that much

Element this was a very good example of what has happened:

Peak to trough on the last gold dump( in October) price had rallied 4379 and then dumped to 3887 and 11.37% drop.

This time price rallied to 5600 and gold dumped to 4939 an 11.7% drop.

The 4900-5600 price movement was in less than 1 week trading as well so the retrace was not a surprise just how quick it happened eg less than 30 minutes was a shock

There is a retrace and there is a $400 drop in less than 15 minutes

All metals punished but no news as to why?

Not sure what has happened but a 350 drop in the space of a few minutes and all metals dropped. Anyone seen any news why?

Dip - it feels like GGP is managing quarter by quarter at the moment until the MRE release and the final permits for Haveiron are delivered. So this first half of 2026 i am hoping many assumed positives (substantial mine life extension at Telfer and Haveiron has all permits) will become announced positives that then can be factored into the pricing of GGP.

This is being held down again. Do i have any evidence of it - NO. It did happen once before and then exploded.

The gold price has moved $500 an oz from a about a week ago but the Share price has dropped a few pence. Go figure if there is not manipulation in that!

Which analysts went for a sell? Only know of GS

And we are still going down in Aussie market

Major any other goldies you folllow?

PE of 12 - would be 4.8bn market cap and a lot more than £20 a share as market cap is 1.45bn at moment

WDU will not be mined in FY 26/27 - read previous RNSs.

Valuation of gold in ground from an analyst perspective is not the value of gold either and not sure what they value it at currently but it is a proportion of reserve value. Also the PE you used at 6.4 does not take into account 30% oz corporate tax so your revised number will be below 1bn BUT at PE of 8 then circa 8bn Market cap - we are currently 9.4bn.

We need reserve updates, a bonus would be gold

Continuing its ascent but the KEY is production output being 330-360k ozs which is well ahead of what Argonaut and one of the other brokers have for 26/27 FY

Hi Paddy, thanks and 100% agree with your thoughts and one point you raise below that light bulb went on is even though it is low grade the cost associated to some of that 20mt left is already been costed in prior qtrs or when newcrest had it so actually upside even if grade is low.

I do agree paddy that they will do the best to blend the grades as best they can with the knowledge they have of each ore body and the two stockpiles they have to get 2.5 years of solid results.

My one concern if i have one is what production output are we looking at next year as if still 300k ozs then it gives little scope for SP improvement from current levels IF gold holds at this level unless we start getting valued for reserves in the ground which i dont think is the case at the moment.

Its interesting that the mental impact and human nature that one negative broker report had versus several that went the other way.

For me the really only new news was that AISC was holding at the lower end and that production output would be at the top end. The second development drive advanced 372m and we are 68% complete so hopefully that is done by end of FY.

My personal thoughts are that nothing has changed as i am assuming that Telfer has ore for another 10 years - something the analysts are not able to do until the market is informed and the MRE will do that. The other maybe issue is that they will be feeding the low grade ore which is 0.33 g/t and they are going to use that for FY27 mine plan feed and start it in the H2 of this year. You couple that with the lowest ore processed from the underground in a quarter and you can see why maybe some the analysts are concerned about future production output. Personally i believe in Shaun and the team as they have delivered continually to date for over 18 months to complete the deal and increase productivity on the Telfer mine site.

Key things for me now are the MRE and the grades for stage 7 which it was stated in early january RNS would feed the 27 and 28 mine plan. So we know that the low grade ore and stage 7 will most likely be the main contributors of ore feed for Telfer next FY. We know that the low grade pile is 0.33g/t - so what is the stage 7 ore going to be as the offset ?

The other unknown and q3 results for this will be important is whether they up the drilling and outputs from the MDD as circa 250k tonnes was low compared to previous quarters and i must admit i was expecting each quarter to improve in output from MDD but it missed in ore processed and grade was lower.

So still positive but now wanting the MRE to validate what we all know which is that we have a large ore body still to be processed and also to see the guidance for 26/27 FY.

Strange that you would within 24 hours raise £130m for a project that does not have approval? Begs the question whether they are aware now they have approval and that knowledge will be released to market sooner than we think. They dont need the money if Touro not being started so why now?

Another cracking RNS with 6 years and now 0.7bn used as the order book rather than specific value. Not only secures the future but the ability to buy more vessels in the short to medium term to underpin growth and long term share price. Well played!

Lets wait and see the sell off in early february when the shares go live.