Member Info for TimberTrader

NB: The next rebalance for the Solactive Junior Gold Miners/Gold Miners Custom Factors Indexes is scheduled to take effect on Monday, March 23. The selection day for the rebalances is 10 business days prior to the rebalance day, so we should know more next Monday, 9th.

Just to add, the Sprott JUNIOR Gold Miners ETF currently holds 2,245,585 shares in Greatland Resources Ltd., with a value of US$20,090,907.73 GGP with their 4.79% weighting.

https://sprottetfs.com/sgdj-sprott-junior-gold-miners-etf/#:~:text=An%20investor%20cannot%20invest%20directly,invest%20directly%20in%20an%20index.

There's also the question over Sprott, which I've mentioned before, because we're currently a constituent of the Sprott Junior Gold Miners ETF, which I believe tracks the 'Solactive Junior Gold Miners Custom Factors Index'. However, the maximum Market Cap for existing index constituents in that ETF must not be more than US$ 4 Billion, according to their latest rule changes on the 22nd December. We've clearly been above that for some time now.

This month therefore we should also be joining the Sprott Gold Miners ETF, which tracks the 'Solactive Gold Miners Custom Factors Index', because the next rebalance of BOTH is due this month (the last was September 2025).

I don't know what effect that will have on share volume though, unless anyone has a view?

Rincon divesting Laverton to concentrate on exploration/drilling at Telfer South (Their own 100% assets, but useful for us anyway, further south, and any future production, although it would be a long way off, would most likely be tolled through Telfer)

"Rincon Resources (ASX:RCR) is divesting its Laverton-based assets in the Eastern Goldfields of Western Australia to Galleon Metals for $500,000 in shares.

The company entered a binding agreement for the sale of the assets, as management redirects focus to exploration at the Telfer South Gold-Copper Project in the Paterson region and the Crackerbox assets in Murchison."

https://company-announcements.afr.com/asx/rcr/0a04e9be-1752-11f1-9b9e-defe097bdf23.pdf

Hi GGPT Unfortunately this thread was hijacked by yet another idiot ENET ramper, which I reported (again!). It's been removed, but ruined a thread again!

I only post this because I enjoy his views and he loves Greatland....

"10% whack in a single day. Like I said, buckle up, the bull is going to buck.

Keeping silver under $90 is important for the banksters. Above $90, and $100 becomes a magnet. Above $100 is a problem for them.

But the story is gold, and gold is going higher. That's all that matters. $7K is coming.

Let's do the math.

$7K x 2% = $140 silver

$7K x 3% = $210 silver

We will likely land somewhere in that range. 😉"

https://x.com/DonDurrett/status/2028932427633000536

GGP closed on the ASX today @ A$13.25 (£6.97), which is 4% UP on the AIM close yesterday £6.696

A bit of perspective...

The current gold price is A$7,250/oz, which is still A$800/oz above the price level we started at on the 2nd January for this quarter, Q3 FY26.

It's also A$950/oz above the average gold price we achieved last quarter in Q2 FY26.

Got a timeframe on that Rob? Last time you mentioned the like it was at around £6.50 and subsequently rose to £7.63.

We achieved an average gold price of A$5,014/oz in Q4 FY25 (1st April - 30th June 2025) which generated net revenue of A$487 million (including Copper) and an operating cash flow of A$310 million for the quarter, delivering a closing cash balance of A$575 million (from A$398 million at 31st March 2025), debt free.

We achieved an average gold price of A$5,277/oz in Q1 FY26 (1st July - 30th September 2025) which generated net revenue of A$476 million (including Copper) and an operating cash flow of A$284 million for the quarter, delivering a closing cash balance of A$750 million (from A$575 million at 30 June 2025), debt free.

We achieved an average gold price of A$6,301/oz in Q2 FY26 (1st October - 31st December 2025) which generated net revenue of A$507 million (including Copper) and an operating cash flow of A$406 million for the quarter, delivering a closing cash balance of A$948 million (from A$750 million at 30 September 2025), debt free.

The Gold price, so far in Q3 FY26, hasn't dropped below A$6,451/oz, which was the price at the start, on the 2nd January, apart from the one day when we had the big correction, which actually only took us down to A$6,371/oz. Since then we've been higher on every day so far this quarter.

The Gold price, so far in Q3 FY26, has reached as high as A$7,942/oz.

I have no reason to disagree with rangewillow's post that the current average price for Q3 FY26 is APPROX. A$7,199/oz, but I know that the AI sites do vary a bit. However, a great number for us as we're in the final month of the quarter.

Large bid/offer spread 2.5%

Https://data-api.marketindex.com.au/api/v1/announcements/XASX:GGP:6A1314695/pdf/inline/appointment-and-resignation-of-company-secretary

Https://www.marketindex.com.au/asx/ggp/announcements/appointment-and-resignation-of-company-secretary-6A1314695?utm_source=email_alerts&utm_medium=email&utm_campaign=asx_announcement&utm_content=read_full_announcement_button&utm_term=standard_asx_announcement

Canaccord Genuity analyst Tim McCormack maintained a Buy rating on Greatland Resources today and set a price target of A$14.60

Of course it's relevant, sadly, in many ways, and one or two threads are tiny under the circumstances. Much of the thrust in the gold price increases is, and has been, for centuries, due to geopolitical tensions, war, etc. The oil price is also a large factor, which may well come into play too.

Hi Davy! Thanks for that, I appreciate it! I'm not too far behind you myself in terms of age! I know you've been posting on here for some years now, and wish you and your family well!

Nice to see £7.30 just hit. As I said a classic pull down, followed by a rise later in the day. Sure, aided by the gold price too!

Https://946e583539399c301dc7-100ffa5b52865b8ec92e09e9de9f4d02.ssl.cf2.rackcdn.com/30496/9251233.jpg

Firetrail today confirmed their holding of Greatland Resources as the largest in their Australian Small Companies Fund at 5.34% Weighting, as at 31st December 2025.

https://www.marketindex.com.au/asx/fsml/announcements/disclosure-of-portfolio-holdings-december-2025-2A1657049

Looks like another classic AIM push down early in the day, and move up later towards close.