Member Info for TimberTrader

"China defended its export control measures on critical mineral supplies and ​urged the Group of Seven nations to respect ‌market economy principles and international trading rules rather favouring "small cliques", its foreign ministry said on Thursday.

The remarks followed an agreement by G7 ​leaders on Wednesday to step up coordination to cut their ​countries' reliance on China for critical minerals and ⁠including plans to align stockpiling and expand the role of ​the International Energy Agency...."

https://www.reuters.com/world/asia-pacific/china-defends-critical-minerals-export-controls-after-g7-statement-2026-06-18/

Well, G7, if you snooze you clearly lose! As I've posted many times now, the US is now scrambling around to find supplies of critical mineral/metals for the future, including the likes of looking at direct supply chains to Australian mining companies, and possible base pricing. However, the rest are way behind China, which has been stockpiling for decades, and is likely to restrict exports further, either for their own use, and/or as a bargaining tool on the likes of tariffs.

All of which should be good for our Tungsten at O'Callaghan's!

An interesting read from the veteran Australian writer Tim Treadgold on what's currently happening in Australia, and the gold & copper markets. We get a mention:

"Gina Rinehart, Australia’s richest person, was probably not trying to promote the case for gold when she snapped up a US$1 billion stake in the SpaceX adventure of her friend Elon Musk but for the average Australian investor that’s precisely what she did...."

https://resourcesrisingstars.com.au/if-you-want-to-follow-in-ginas-footsteps-buy-gold/

Tim did a great, thorough piece, in 2012 on O'Callaghan's Tungsten, which I've posted a few times in the past:

https://www.intelligentinvestor.com.au/investment-news/newcrests-hidden-gem/66121

He also wrote recently in Forbes on Greatland:

https://www.forbes.com/sites/timtreadgold/2026/01/25/aussie-iron-ore-billionaires-go-for-gold-as-the-price-soars/

Anyway, worth a read, IMHO.

Https://www.share-talk.com/traders-cafe-with-zak-mir-bulletin-board-heroes-wednesday-17th-june-2026/

OK, I know, and accept, he's a bit like Marmite on here, but here's his latest anyway:

"Greatland Resources: a very strong bear trap reversal: Greatland has one of the standout charts. The pattern is a double bear trap island reversal, which is a powerful technical signal when it works properly. The shares gapped lower in May, then again in June, before reversing with two upside gaps. That sequence has been followed by solid continuation, which strengthens the signal even further. As long as price stays above the 50 day moving average around 726p, the upside targets are: 800p initially and 900p by the end of next month in a stronger scenario."

As aways......

Jerry & TMT have hit the nail on the head, IMHO.

At least they mentioned O'Callaghan's, which is still missed by others. However, it still remains that, as I mentioned yesterday, they are talking of a pending FID on Havieron this quarter, when it's already been approved by the BOD, as advised by RNS on the 1st June!

"Macquarie has told clients to keep buying gold miners even as it cut its price targets across the sector, betting that a temporary dip in the gold price gives way to higher earnings in the years after.

The investment bank lifted near-term profit forecasts for most of its gold coverage and upgraded two stocks, Evolution Mining and Greatland Resources (from Neutral to Outperform). At the same time, it trimmed target prices for nearly every name it covers. The two moves look contradictory until you see what is driving them...."

https://www.marketindex.com.au/news/golds-pullback-looks-temporary-why-newmont-and-four-other-stocks-are-top-picks

Https://www.fool.com.au/2026/06/16/which-asx-gold-miners-has-macquarie-just-upgraded/

"Valuation has pulled back more recently, we believe offering an attractive entry to a growing production base across Telfer/Havieron. We anticipate a final investment decision (FID) for the Havieron project in the current quarter (4Q FY26) and a potential spin-off of the O'Callaghans tungsten project as near-term catalysts. An updated multiyear mine plan for Telfer is anticipated late in FY27."

I believe that this note was released yesterday, so you have to ask, surely, why Macquarie still "anticipate" the FID for Havieron in this quarter, when the BOD have already approved it?! Poor form at the very least.

£7.50 just hit.

Goldman Sachs said it expects oil prices to average $80 a barrel in the fourth quarter of this year, down from its previous prediction of $90. The bank also cut its 2027 average from $80 to $75.

All good for gold, but especially gold miners, with the oil price reductions lowering their AISC's, together with the increased chance of cuts in interest rates by the end of the year, the further moves towards de-dollarisation, and continued ongoing geopolitical risks.

Nominations are officially open for this year’s AIM Awards. All companies listed on the London Stock Exchange’s AIM Market are eligible for nomination and self-nominations are also encouraged. There is no fee to enter and it couldn’t be simpler to submit your nominations.

All awards cover a review period of 1 August 2025 to 31 July 2026, and the deadline for nominations is on Friday 31 July 2026.

As a reminder, we won the AIM Transaction of the Year Award at the 30th Anniversary AIM Awards held in London last year.

https://www.aim-awards.co.uk/

https://www.aim-awards.co.uk/#nominations

Https://law.asia/greatland-revolving-debt-facility-hsf-kramer-mallesons/

I know that, over the years, several LTH's, and I'm sure others, like a flutter on the horses from time to time. I had a look through the Royal Ascot runners (current) for this week, and here are the 'Gold's' and current Racing Post odds (Maybe 'Gold Digger' is the most relevant):

15.05 THURSDAY

GOLDEN STORY @ 16/1

15.40 THURSDAY

GOLDEN ORBIT @ 26/1

18.10 THURSDAY

GOLDEN MIND @ 40/1

17.35 FRIDAY

GOLDEN STORY @ 12/1

18.10 FRIDAY

GOLD DIGGER @ 8/1 FAVOURITE

Good luck!

GGP closed @ A$14.05 (£7.40) UP 2.56% and Highest Riser on ASX 100 for the second day running.

Talk about outperforming!

Robin Brooks, a fellow at The Brookings Institution staing that the war in Iran had been a source of strength for the USD as traders dumped riskier assets and sought out the safe-haven US currency. He also believes the dollar will fall as the Federal Reserve is able to cut interest rates later this year.

“I’ve been emphasizing for some time that there’s no indication of overheating in any of the inflation data,” he said.

“An end to the war and markets going back to pricing Fed cuts is worth a five percent drop in the dollar. We’ll get there soon enough.”

https://x.com/robin_j_brooks/status/2066499821913907303

All good for gold.

Https://aware.com.au/

Thanks to Stuart Hinds on 'X'..

Since April Australia’s third largest super fund has built substantial positions in GGP...

https://pbs.twimg.com/media/HK1WLfrXAAAQong?format=jpg&name=large

https://x.com/hinds_stuart

Greatland Resources Outperforming ASX All Ords Gold

The Bull.com.au

Greatland Resources shares (ASX: GGP) jumped 11.93% on Monday as gold prices rebounded sharply above US$4,300 per ounce, triggering a broad rally across Australian gold producers and pushing the ASX 200 more than 1% higher amid geopolitical de-escalation between the United States and Iran.

The strength was clear to see all around, with the ASX All Ords Gold index (XGD) trading 9.12% higher on the day. Despite the huge bounce in bullish sentiment, the XGD remains 9.6% lower YTD, with Greatland Resources shares a significant outperformer....

https://thebull.com.au/news/greatland-resources-outperforming-asx-all-ords-gold-as-ora-banda-lead-today/

The Bank of England is “more likely” to cut interest rates this year after the US and Iran announced a deal paving the way for an end to the war.

Traders have reduced bets on the Bank raising rates after a memorandum of understanding was finalised overnight, sending oil prices falling.

Brent crude fell more than 4pc to $83 a barrel on Monday, its lowest level since March.

Stephen Innes of SPI Asset Management said: “Oil down takes the inflation impulse down.”

The Bank of England is expected to keep rates at 3.75pc when it announces its next decision on Thursday, but bets on rate rises have now fallen.