Member Info for TimberTrader

...and, if you remember what charles archer stated back in september, "the key point is that you can value 70% of havieron and all of telfer using half a dozen different methods, and greatland has acquired the assets for tens of millions of dollars less than the lowest possible valuation, provided by samuel grant. it’s a ******* steal."

Just for information, the current Gold price today @ AUD4850, is nearly 30% higher than the price it was when we signed the deal with Newmont in September last year, and nearly 20% higher than it was on completion in December.

..Another record intraday high.

All happening today....AUD 4,846 just hit. Another intraday high.

GGP SP just touched 11.45p. That's the highest intraday since December 2023.

OK, I know they're like Marmite, but anyway...

Goldman Sachs (GS.N), opens new tab on Wednesday raised its end-2025 gold price forecast to $3,300 per ounce from $3,100, citing stronger-than-expected ETF inflows and sustained central bank demand.

Goldman Sachs also raised its forecast range to $3,250-$3,520 from $3,100-$3,300 earlier, according to its research note...

https://www.reuters.com/markets/commodities/goldman-sachs-raises-end-2025-gold-price-forecast-3300-per-ounce-2025-03-26/

I can assure you that, IMHO, there are probably very few LTH's who'd be selling now. Why would they, after holding so long, and with what they know is coming?

IMHO, just to keep things simple, I fear that many investors still just don't understand the 'wild west' AIM market. Those that have invested in GGP for several years now are well aware that the 38p sp was largely due to hype, and absolutely nothing else, whatsoever.

Since then things have changed, and hugely, in term of what we now actually own, and, IMHO, we're still massively undervalued.

We can discuss what we have now, and in future, and what massive potential there is going forwards, but still people seem to forget that this is the AIM, where fundamentals can often be a relatively small part of the sp any day, week, month of the year.

Personally I want the ASX listing to happen ASAP, because, hopefully, we'll see more stability, BUT, another bit of AIM hype could take us well beyond even fundamentals.

It's a funny old game, but don't get too engrossed, now, at least in fundamentals.

Just my personal view, so, as always, DYOR

@ Dip It's also worth considering that Newmont shareholders are probably quite pleased that, based on their 2,669,182,291 shares, they're already up a further around £145 million since the sale.

A bit of coverage from China...

In 2024, gold continued to dominate the global metals and mining M&A market. While there were no megadeals comparable to Newmont’s $16.49 billion acquisition of Newcrest in 2023, gold transactions led the way with a total value of $19.31 billion across 43 deals, representing nearly 70% of the year’s 62 total transactions—a 32% year-over-year increase.

According to S&P Global, total mining M&A value for the year rose by 1% to $26.54 billion, involving 192.5 million ounces of gold and 29.8 million metric tons of copper, nickel, and zinc in combined reserves and resources. Geopolitical risks and metal price volatility served as key drivers of market activity, a trend likely to continue into 2025...

...Out of the 27 company acquisitions and 16 asset transactions completed during the year, Northern Star Resources’ $3.26 billion acquisition of De Grey stood out as the largest M&A deal. This acquisition accounted for 33% of the year’s total acquired gold reserves and resources. In addition, Newmont sold its non-producing Havieron and Telfer gold mines in Western Australia to Greatland Gold for $497.6 million, showcasing a strategic preference for high-potential projects....

https://nai500.com/blog/2025/03/gold-dominates-global-mining-ma-activity-in-2024-amid-geopolitical-tensions/

I do enjoy some of the Stockhead content, which is often very good, but they have been saying pretty much the same about a Telfer feeder since, at least, October last year. I'm not saying that it'll never happen, but, as already stated by Element, it would appear that they haven't read our latest RNS/update yet. Also, although they do state that they 'tell it like it is', Antipa Minerals are Stockhead advertisers.

apologies if posted already...

jpmorgan upgraded the global mining and metals sector to ‘overweight’ from ‘underweight’ on monday, as it said that rio tinto, anto***asta, fresnillo & ssab are its european key ‘overweights’.

the bank noted that the mining and metals sector has underperformed msci europe by around 50% since january 2023, with m&m equities having underperformed industrial metal prices by about 20% since january 2024.

jpm said the de-coupling/de-rating for equity multiples is an "active inbound-enquiry from investors".

the bank said its 2025 sector outlook expects a "v-shaped" recovery for metal prices and m&m equities in late q1 as china expands economic policy support and jpm commodities research forecasts 15% upside to current copper prices.

it expects the copper price to reach $11,500/t in in the second quarter of 2026.

"we specifically recommend adding exposure to miners with exposure to copper, aluminium, gold, and/or corporates that are strategically vulnerable," jpm said.

https://www.sharecast.com/news/broker-recommendations/jpmorgan-upgrades-mining-metals-sector-to-overweight--19197335.html

Yup, O'Callaghans is more likely to be either a J/V, or sold off, than explored/developed further by Greatland. That's presumably one of the reasons why Shaun Day said he'd contacted the US Government about it.

IMHO, we may 'top hat' under our existing company in Australia, Greatland Holdings Group Pty Ltd.

Thanks for the comments Jerry. TT

Indeed! Record Copper price just hit @ $5.20/Pound.

Apart from the Telfer figures, which are, and increasingly now, looking forwards, and, quite frankly, outstanding alone, we have comments about the likes of O'Callaghans, let alone ALL of the other tenements we own, which are not even mentioned now, but substantial, in both size & potential!

If you want any comments, alone, which indicate what we have, again, at O'Callaghans alone, yet not including any of the other tenements, you can read it in Shaun Day's recent comments:

"Clearly the world wants to diversify away from China exposure, so I think the option value of that Tungsten deposit is now really significant...I think there's some great opportunity with O'Callaghans...I've reached out to the US Government about what they'd like to do."

Please, as always, DYOR research, but what's not to like here, as well as the other tenements, not even mentioned now?!

Southern Comfort, my first ever binning in over 5 years on here. A disgusting attack on a well liked, and highly informative poster, who, BTW, doesn't need to post anything, whatsoever, but does so for the benefit of others. A sad day on here, IMHO!

GREATLAND GOLD

Greatland Gold PLC (GGP) has rapidly evolved from a junior explorer into a significant player in the gold-copper sector, especially following its transformative acquisition of the Havieron project and the Telfer mine in December 2024. Retail investors who’ve followed Greatland closely will recognise this acquisition as a pivotal turning point. By securing 100% ownership of Havieron and full operational control of Telfer from Newmont in a landmark deal valued at over $334 million, Greatland transitioned decisively into a revenue-generating, debt-free gold-copper producer, fundamentally reshaping its operational outlook....

https://www.share-talk.com/junior-minings-rising-stars-7-stocks-you-cant-ignore-in-2025-2/

Greatland Gold PLC CEO Shaun Day talked with Proactive about the company’s latest mineral resource update and its upcoming dual listing on the ASX. The update confirms 10.2 million ounces of gold and 387,000 tonnes of copper, significantly expanding the company's resource base.

Day highlighted that more than 55% of these resources fall under the measured and indicated category, allowing for future conversion to reserves. The company has also added 3.2 million ounces of gold and 117,000 tonnes of copper at the Telfer mine, strengthening its position in the market. "The size of the prize here in terms of life extension is really significant," he stated.

The CEO also discussed Greatland Gold’s upcoming ASX listing, set for June 2025, which will broaden investor access and enhance market visibility. "We believe this cross-listing will unlock new demand from Australian investors and provide indexation benefits while maintaining our London listing," Day explained.

Additionally, the company is ramping up exploration with six drill rigs in operation, aiming to further extend Telfer’s mine life and identify new mineralization zones. Upcoming milestones include the March quarterly results in April and a reserve update later in the year....

https://www.proactiveinvestors.co.uk/companies/news/1068297/greatland-gold-ceo-world-class-resource-and-asx-listing-icymi-1068297.html