RE: Telfer25 Jan 2026 10:28
I see the comment that this was before the drill results.
At the last Town Hall, Shaun would have had a very good idea of the state of the receipt and processing of the drill result prior to the recent issue, so anything said there IMO still stands.
I do go on about Shaun's statement that he is a dividend type of guy, I think he is very driven to make GGP do better than NSR, so I track our progress against there progress.
When measured in Financial Years from the start of having a producing mind comparing the share price at the end of the first year of mining, our share price should have been £2.40 at the end of this FY it should be £3.00. respectively we were at £3.30 and we look like exceeding £7.50 at the end of the FY. This year all going well we will be over 150% compared.
It is anyone guess what the price will be on 30/6/26, the brokers have all been under estimating the progress of GGP. NSR started paying dividends after this financial year in there mining life, this does not mean Shaun will do the same.
I ask the question why do anything different from what happened in the first 10 years of mining by NSR, they always had corporate debt but still paid dividends. Using my Crystal Ball, i.e. a view of the progress of NSR, I expect Dividends after this FY or one year on, we have a better cash generator in Telfer than they had, so with well over A$1 billion in the bank his only constraint is the ability to manage the development of the company in terms of the existing assets, and any acquired assets .
The one thing I am sure of he will only allow GGP to expand at the speed that can be managed.
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