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Arrowstreet must have big balls because if they are included in ASX200/300 then they will be closing out the shorts quite quickly me thinks or trying too!!

I think we just need to look at the bigger picture and just forget about Haverion for the time being and EG etc the company are going to spend over a quarters free cashflow on capex in the below to get as they state an extension to a multi year mine life! What then happens with Haverion that ultimately gets us to a 500k oz+ mine is for another day but for me the KEY is Telfer and what will drive the price in both the short term and medium term.

Telfer growth capital

Key life-extension growth capital investments at Telfer planned for FY26 include:

§ Pre-stripping of West Dome Open Pit Stage 7 Extension, expected to provide ore feed into FY29.

§ Purchase of new and the refurbishment of existing open pit fleet equipment, to support the targeted multi-year extension of open pit operations.

§ Underground life-extension development of the West Dome Underground, with more than 2,900 metres of growth development planned in FY26 (FY25: ~1,050 metres). Planned development includes the new ESC, which has returned encouraging drilling results in terms of width and grade as set out below.

§ Expansion of tailings capacity, including completion of TSF8 Stage 3 lift and substantially progress of the Stage 4 lift (collectively expected to provide capacity at current processing rates until approximately late FY28).

The increased growth capital investment relative to the previous 2-Year Outlook has been approved through the FY26 budgeting process, in light of the strong operating performance and resulting strong balance sheet of the group. The investments reflect the pursuit of further multi-year mine life extensions at Telfer beyond the previous outlook period, a key objective of Greatland's operating strategy.

Hi Kent_man i suppose i am not that overly worried as the reason for my investment was not the inclusion into the ASX200 but for the free cashflows that this company is currently making at circa 15m per week on the conservative estimates and the confirmation that Telfer will be mined for 5+ more years and Haverion will come online in next 2-3 years. Come end of December this year circa 1/4 of the SP value is cash in the bank that is how undervalued this stock currently is!

I dont Kent_man as what you are effectively saying is the move from 2.35 to 2.70 today is due to the inclusion of next week and i personally dont think it is that! It was oversold and the LT investors have been hoovering up these at the sub £3 level.

I think GGP will struggle with the 3 month window of trading for the inclusion to ASX as by my accounts it is circa 88 days and just under 3 calendar months so if not this time it will be included the next quarter and will mean an uplift as passive funds buy. Reality is this is just a short term mentality as the gold is there, price of gold is remaining high, just need more quarters on the board of successfull operation, cash balance to keep climbing as it is and the golden nugget of Telfer new resource and how many more years of operation. Haverion is just something extra for now with the short term view of markets!

Bellers great attitude and all we need is for gold to stay at a decent level. I added another 6000 shares as well and hoping we do get added next friday but if not then later this year or next but drill results, Q3 (hopefully not underwhelming or any surprises) and a DFS for Haverion should keep the SP interesting the next 4 months

I looked at these earlier this year and for the jurisdiction was shocked by the AISC per oz at circa $1400-1500 range and now $1900 FFS!! GGP even based in outback WA has alot lower AISC so avoided this stock earlier this year and the last quarter results and now this i am glad! Fresnillo and Greatland for me are the gold stocks on the London exchanges that are worth a hedge to gold price due to sheer size. I would say Endeavour but the risk there which has happened already is the african governments keep changing goal posts on royalties/taxes on gold output which at the moment are small BUT risk profile too high for my liking.

Its a blue day :-) its up !!!

Not one for the last quarter then?

Element - you are 100% correct and would not waste your time with market shorters. GGP is well undervalued compared to EVN BUT the fly in the ointment is that the only mine operating is Telfer and until they have definitive results on grades and volume throughputs and the number of years of life extension we will continue to be in no mans land and the valuation will not be comparable to the EVN, Fresnillo, Endeavour etc etc.

For me Haverion is the sideshow and the market is only concerned about Telfer at the moment as the gold price is where it is today and gold is being produced only from one mine for the next 2 years most likely. So therefore in my opinion drilling results for Telfer as they become available should be released to market and not hidden away like they were in the quarterlies. There is just too much ammunition to the shorters and negative PR slant around low grade, mine coming to end of useful life etc.

For me a key thing will be the production numbers this quarter as that will give the steer whether the revised guidance was truly justified and it will be tight for FY 26 OR they were being super conservative. I am certainly hoping the latter!

I do think the ASX 200 inclusion will increase interest by the main stream super funds but by 19th September we will soon know! Then soon after the Q3 results and hopefully a separate drilling results RNS.

TT what i did find a touch strange and have read the quarterly and the detailed drilling results is that in the main body of the RNS they did not put the all the best readings or the outliers which in some cases were very high and to me that was the time for the PR exercise and i know it has been stated many a time (current SP shows that) the results and 26 guidance went down like a lead balloon. Still cannot work out why the best drill results were not all put in the main body of the RNS.

Element - not sure how 700m-800m aud of free cashflow should be valued at but what i am quite sure of is that some instos are toying with the price and what the end game is i am not sure!

Charlie those claims are exactly that unfounded and be great if they came off but like the BS negativity on here the BS positivity claims are also as annoying and damaging. One thing though that is not unfounded is the approx 15-16m AUD a week this company is throwing up as free cashflow and an entry into the ASX 200/300 on the 19th September barring some catastrophic drop in SP to below 1.50 a share. That re-rating will start around the 5th September as that is the buying window for 2 weeks - if you need confirmation on that please read ASX website or articles specifically written and detailing the dates.

The FS for Haverion i just hope comes in as expected and there is no left of field event that shows lower grades, 200% increase in capex costs or anything that the doomsayers can use to drop the price.

For me as always it is about the drill results for Telfer that show not only the many year life extension but the high grades and therefore higher output each quarter. This will cost capex to be able to do but if for 250m of capex on Telfer gets you 1bn output+ then that is a win and you would take it every day of the week.

All we need is for gold to remain above that 5000 aud an oz which it is currently 5150 and the AISC to eventually move down towards the 2400aud and below an oz which it will especially when high grades start to be mined.

Thanks Bamps and agree that the next 12 months are now the stepping stone to get to higher grade production something that i probably was expecting this year but having to wait 9-12 months is a small price to pay. The only element they are not in control of is the price of gold or the weather!

Thanks Bamps and it is very interesting the potential size of the prize between the domes then. I think many of us on here have always seen Telfer as the priority and when i saw the extensive capex on telfer it was for me a very positive sign but for some reason the markets only focused on the downgrade which was marginal in the grand scheme of things.

I would say the way you have explained below is what SD should do in his videos or in an RNS but maybe the reality is that in hopefully 6-9 months from now we will have that increase in resource base but also a several year plan on mining that higher grade ore body like the main dome underground (i think i read 25 years it has been mined for)

Hi Bamps - you speak about the blind spot - are you able to elaborate? thanks in advance

Toby you are spot on the total capex guidance is 345m - 390m as per the RNS for the 2026 financial year started 1st July!. When your free cashflow is in a worst case scenario circa 572m aud on 260k ozs produced we still will be sitting this time next year on 700m+ of cash with the capex spend extending the mine life by several years and reduced capex until Haverion is moved to towards producing status.

20% increase purely to bottom line and you wonder if they will update the FS for the revised rates which have been above 400 for some time.