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The gold price in Oz Dollars hit a record HIGH yesterday at A$ 6,779/oz, exceeding the previous high of A$ 6765/oz on the 17th October.

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.

The Gold price, so far in Q2 FY26, hasn't dropped below A$5,880/oz, which was the price at the start, on the 2nd October.

And, don't forget the Copper!

https://www.tradingview.com/chart/?symbol=OANDA%3AXAUAUD

Https://maps.app.goo.gl/w9XXbygauabcfQHX8

This cropped up this morning and I had to post it...Havieron spotted yesterday on a Jetstar flight from Bali to Melbourne, about two hours into the journey...

https://www.reddit.com/r/australia/comments/1pume6f/spotted_this_in_the_middle_of_nowhere_where_in/

Nice close UT @ £5.25.

Happy Chrismas one & all!

TT

"Ggp less than 5% anything above dies not make any sense based on risk factors and as we have seenwith may aim stocks they can turn very quickly."

That's a personal choice though, isn't it, and a persons attitude to risk, and that can (and should, IMHO), change through your life. What may not make sense to one investor may make perfect sense to someone else. Personally I've been investing in PEP's/ISA's since the 1980's, and 0ver 75% of those S&S ISA's are invested in GGP, and have been since 2017. I'm personally in very well researched Warren Buffet style, where, if an investor has the ability to thoroughly analyze businesses and identify those with durable competitive advantages, a concentrated portfolio is a more effective way to build significant wealth than widely diversifying. Just my view. DYOR.

"Two of the three new £1 billion-plus companies were involved in reverse transactions.

Greatland Resources Ltd has taken over from Jet2 as the largest company on AIM with a market capitalisation of £3.25 billion. It redomiciled to Australia and acquired the 70% of the Havieron gold copper project in Australia that it did not own from Newmont Corporation. It also raised £30 million at 312p/share.

A feasibility study suggests that Havieron has a net present value calculated using a 5% discount rate (NPV5%) of £2.9 billion. The share price of the AIM transaction of the year winner has soared 277% this year to 479p and the upward trend is continuing."

https://www.ii.co.uk/analysis-commentary/aims-biggest-companies-and-how-they-performed-2025-ii537620

ASX close today @ A$10.83 (£5.35), up 0.09%. 3.6% up on AIM close yesterday (£5.163).

The piece is about the gold price being at another record high. Obviously geopolitical issues have an effect on the gold price, and obviously the gold price affects Greatland profitability.

Gold and silver have surged to fresh record highs, delivering an expensive Christmas for any would-be “wise men” hoping to buy precious metals.

Gold has smashed through the $4,400 mark for the first time, climbing 1.8% to $4,417.53 an ounce. Silver has risen even more sharply, jumping 3% to a new all-time high of $69.14 an ounce.

Prices are hitting unprecedented levels as investors rush into safe-haven assets amid mounting geopolitical tension and expectations of looser monetary policy. Analysts point to growing confidence that the US will deliver further interest rate cuts, alongside a renewed surge in risk aversion.

Safe-haven demand has been amplified after Donald Trump and senior advisers declined to rule out military action against Venezuela. Washington is tightening its oil blockade, piling pressure on the government of Nicolás Maduro.

In recent days, two vessels have reportedly been seized off Venezuela’s coast in international waters, with a third ship now being pursued, further stoking investor anxiety and underpinning the rally in precious metals.

https://www.share-talk.com/a-costly-christmas-for-wise-men-as-gold-and-silver-hit-records/

"They almost certainly produced more than that in first two months Bamps. Odd post after all of your bullishness. Has someone hacked your account?"

Funnily enough Jerry, I thought the same. Not the type of post I'd expect from Bamps at all, especially mentioning personal share dealing.

Hi Bamps, That could well be he case, but I did notice that there was big smile on Shaun's face when he twice mentioned Q2 and gold prices at the Town Hall meeting, which was good. Hopefully any production decrease this quarter will be offset by the gold & copper prices, and possible lower AISC.

Soon coming to the end of Q2 FY26, and the gold price to date has been higher than the highest price in Q1 FY26 throughout!

Https://www.tradingview.com/chart/?symbol=OANDA%3AXAUUSD

"I like to have no more than 10% of my portfolio in any one stock. My initial GGP position was already far more than 10%, and now it’s 5x’d. I have written probably more than 50 articles on why letting one company dominate your portfolio is a bad idea, and yet at present I’m actively letting this happen.

However, I also know to trust my own research. Not just the surface investment case that is easily understood by non-specialist investors and gets published here, but the real technical detail – pages and pages of it – I know this has further to run, based on its own fundamentals but also compared to all of its ASX-listed peers....."

I think a lot of the posters on here have the same view. As I've stated before, if I had a financial advisor they'd have a coronary looking at my holding in terms of percentage of total investments! Research! Research! Research. As Warren Buffett has said numerous times, an investor who thoroughly researches and understands a business can confidently invest a significant amount of capital into it, potentially holding it for decades. The core of his approach is a deep understanding of a business's intrinsic value, rather than a specific numerical limit on the number of stocks in a portfolio.

DYOR!

Thanks Bamps.

goldroo, I meant to post this link as well, which was an interview with GH after the initial 'Meadows' drilling at EG in late 2016, where they found gold mineralisation in 13 of the 23 holes drilled, which was also 'close to surface', and in excellent widths:

https://www.brrmedia.co.uk/broadcasts/5857f954501481984ea6e3f7/greatland-gold-ernest-giles-large-zones-of-gold-mineralisation/

The link to the relevant RNS on this 'Meadows' drilling is in my earlier post.

Our website stuff:

https://www.greatland.com.au/assets/ernest-giles/

Some good stuff from Bamps:

https://www.ggpchat.co.uk/viewforum.php?f=84

Webcasts from drilling EG in 2017/18:

https://www.brrmedia.co.uk/broadcasts/58c7be18649fc94ffb07f765/greatland-gold-ernest-giles-expanding-scope-of-exploration-activities/

https://www.brrmedia.co.uk/broadcasts/5b8d05a257d3cb25c55777e9/greatland-gold-update-on-ernest-giles-drilling-campaign/

EG drilling results from the 2018 drilling campaign, including 'Meadows', but there is a useful overview of historical drilling at EG as well in each report:

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/w366ddw

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/x8neyjx

Results from the 2024 drilling, which was co-funded by the WA Government Exploration Incentive Scheme (EIS):

https://polaris.brighterir.com/public/greatland_gold/news/rns/story/x2vkg6w

It'll be interesting to see if, like the ASX earlier today, we end up at close at the day's high, signaling continued buying pressure into the current rally.

Greatland Resources shares (ASX:GGP) experienced a significant rally, breaking through the A$10 resistance level as bullish sentiment continues to grow in the name. The GGP share price closed at A$10.55 into the weekend, marking a 7.65% gain for the day.

This bullish momentum translated to a 14.92% increase over the week, as the psychologically significant A$10 barrier, which had previously acted as resistance, was decisively breached. The stock closed at the high of the day, signalling continued buying pressure into the rally....

https://thebull.com.au/news/greatland-resources-shares-asxggp-push-through-a10-resistance-as-rally-continues/

Believe me Ron, I'm sure that a lot of us have that same feeling, but this time, as you also mention, we are significantly more derisked than we were 'last time'. However, at the end of the day, everyone has their own investment profile, and it changes throughout life. There's no definitive answer, it's purely down to the individual. IMHO, the last thing that anyone should do is decide on their investment decisions based on what others say/do on a BB. GLA & DYOR

.....IMHO, realistically, we're already there for the end of Q2 FY26

Maybe, just maybe, 4 or 5 days for any possible new sales, but I'd venture a guess that we're done on any sales now, and the gold price is also up a little even in the past few days.

Hopefully that A$1 billion is in the pot already!