Member Info for TimberTrader

PS Ignore the "just hit". It was posted quickly in reply to napthman1. I hadn't looked back. Apologies if that bit caused confusion.

It's the intraday high James, as I stated. I've been posting spot prices on here for years. I don't have the problem that other posters do confusing spot & forward.

TradingView spot:

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

Yup ADVFN is spot.

US$3703 just hit. Intraday high (so far)

Greatland Resources (GGP) Retained at overweight at Barrenjoey; Price Target: $10.00 (£4.89)

https://www.marketindex.com.au/news/evening-wrap-asx-200-rises-on-resurgent-uranium-sector-gold-and-silver

Just take a look at the divergence between where Genesis Minerals (GMD) stands, as cited by Charles Archer & Element, in relation to GGP!

Greatland at the top of the 'Undervalued', and Genesis second from bottom, with 'Implied Gold Price' of US$ 2300 & US$ 3375, respectively.

Cheers Nobby! Good to see we're up 3.54% to £3.075 already on AIM today.....

Don't ask me why the piece is using 'Greatland Gold', but anyway...

Which ASX mining stocks does Barrenjoey view as undervalued / overvalued?

Barrenjoey’s latest snapshot shows some striking divergences between spot and implied prices across the ASX mining landscape.

Gold: A wide spectrum of market expectations

Companies like Greatland Gold (ASX: GGP) screen cheaply with implied gold around US$2,300/oz, well below spot. Essentially, GGP’s share price could increase by 58.4% and still be considered fair value compared to the current spot gold price. At the other end of the spectrum sits Regis Resources (ASX: RRL) with an implied gold price north of US$4,200/oz – suggesting investors see improved performance ahead to justify its implied-to-spot price premium.

https://www.marketindex.com.au/news/pls-and-lyc-are-overvalued-yet-fmg-and-boe-are-cheap-asx-mining-stocks

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

In Q1 CY25 we sold 89,125oz at a weighted average price of A$ 4,585, which was the major part (excluding Cu) of the A$ 458 million revenue

In Q2 CY25 we sold 87,529oz at a weighted average price of A$ 5,014, which was the major part (excluding Cu) of the A$ 487 million revenue.

We're now only got 2 weeks until the end of Q3 CY25, and the gold price hasn't dropped below A$5,000 the whole quarter. It's been over A$5,300 for the past two weeks, and is currently around A$5,500.

I appreciate we don't know at what point gold sales have been/are made, but surely this has to be a stonking revenue quarter, because the average price must be over A$5,200, at least!

ASX!

Why? I'm certainly no expert, but don't ETFs and unlisted managed funds tracking an index adjust their own portfolio holdings in tandem with any changes made to the benchmark index? In the case of the ADX the next rebalance is after market close on Friday, 19th September. Personally, I wasn't expecting anything much to happen before Monday 22nd. I guess only time will tell, but, like many GGP related things, from experience, I never take anything for granted.

Https://www.share-talk.com/greatland-resources-highlights-growth-strategy-at-mining-forum-americas/

Hi Jaguar! You can reply to your own post you know? Just saying.

Still on...

"Feasibility Study targeted in Dec Q 2025, assessing an initial 2.8Mtpa mining rate (post ramp-up) and expansion to 4.0 - 4.5Mtpa by development of a second decline, underground crusher and material handling system"

No worries HangingAround. It's easily done. TT

I do like this bit....

"Rapid payback of acquisition consideration

Considerable value has already been realised by Greatland in the first seven months of Telfer ownership

After just ~7 months of ownership from acquisition completion on 4 December 2024 to 30 June 2025, cash flow from Telfer operations has already exceeded the upfront acquisition consideration

Remaining US$100 million consideration only payable following commencement of Havieron production, subject to annual US$50 million cap and US$1,850/oz gold hurdle price"

Https://www.greatland.com.au/wp-content/uploads/2025/09/Mining-Forum-Americas-2025_vF.pdf

WS Amati UK Listed Smaller Companies Fund - August Factsheet

Not a particukarly large holding, but they've been invested for some time now, and we are currently the 7th largest holding at 3.2% of assets, so around £5.5M.

"Greatland Resources remains volatile but recovered nicely after weakness during July"

https://www.amatiglobal.com/wp-content/uploads/2023/09/SMCO-Aug2025-Factsheet-2.pdf

IMHO, that's just for starters.....