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Another 4 million added to the volume, taking it to over 36 million on ASX.

Showing over 32 million in volume

Surely we can’t go down too much further. At one point yesterday we were sitting at £6.50.

Looks like they’ll get an even better price today after the drop on ASX overnight. Currently just under $11.00

Was that announcement after trading today in oz.

ASX would need to drop roughly $1 to go level with us. I’d be surprised if they drop that much.

Blackrock have a 7.1% stake in Goldman Sachs.

We were just under £7 this time last Friday with the gold price roughly around what it’s trading at just now. We’ve took a hit of 11% through no fault of our own.

Good enough for them, glad to see it.

Jane Street Group 0.75%

Hopefully this will ease any fears or doubts for existing shareholders. I received this reply from Greatland to a couple of questions I emailed them about.

The share price movement last week followed the release of our June Quarterly Report.

 

If we break that down:

June Quarter actuals – we achieved our production guidance range, albeit at the lower end of the range, and we beat our cost guidance range.

FY26 guidance – our guidance of 260 – 310koz at A$2,400-2,800/oz Au was moderated from the 2-Year Outlook production target of 300 – 340koz at AISC of $2,400 - $2,600/oz Au announced by the Greatland group in April 2025. At the mid points, it was an 11% reduction in ounces and 4% increase in costs. This followed an assessment undertaken subsequent to the final FY25 results and as part of the FY26 budget process, which included risk weighting the potential for lower gold grade of the existing ROM stockpiles mined in 2024 prior to our acquisition of Telfer, and certain open pit areas intended to be mined in FY26.

 

We would make a few points:

First, we feel this guidance has fully calibrated for risks we identified in our annual budgeting process, and we are confident in delivering to it. The risks identified are transitional, while we are processing stockpiles mined under previous ownership, and mining areas drilled under previous ownership with less dense drilling than we are undertaking for future years of our mining at Telfer.

Second, we understand the importance of delivering operationally at Telfer, are laser focused on doing so.  We have an exceptional record of delivery to date at Telfer, producing over 198,000 ounces in our seven months of ownership since December, and generating over $600 million in operating cash flow. We are absolutely focused on continuing this.

Finally, our ‘crown jewel’ so to speak and the centre of gravity of Greatland’s value lies in Havieron, the second largest undeveloped gold-copper project in Australia, which will utilise Telfer’s infrastructure to produce a low cost multi-decade gold-copper mine. Havieron is of course unaffected by these transitional Telfer issues and we look forward to demonstrating Havieron’s quality when we complete our Feasibility Study in the December quarter