Member Info for TimberTrader

"Good things come to those who wait" ;-)

It's early doors yet.

As we're now at the next stage today, with the Broker Firm Offer closing, just a reminder of the timeline going forwards:

Broker Firm Offer closes 13 June 2025

UK Retail Offer ends 17 June 2025 (at 12:30am, being 5.30pm London time on 16 June 2025)

Institutional Offer bookbuild to determine Final Price 16 June 2025 – 17 June 2025

Final Price announced to the market 17 June 2025

UK Scheme Second Court Hearing 18 June 2025

UK Scheme Effective Date 20 June 2025

Issue of Greatland Shares under the UK Scheme 20 June 2025 (after UK Scheme becomes effective)

Issue of Greatland Shares under the Offer 23 June 2025

Issue of Greatland Shares under the UK Retail Offer 23 June 2025

Transfer of Sale Shares 23 June 2025

Expected cancellation of trading of GGP Shares on AIM 23 June 2025 (at 2:00pm, being 7:00am London time)

Expected admission to trading of Greatland Shares on AIM 23 June 2025, (at 3:00pm, being 8:00am London time)

Issue of Greatland Depositary Interests under the UK Retail Offer 23 June 2025, 8:00am London time

Expected date for dispatch of Offer holding statements 24 June 2025

Expected quotation of Greatland Shares on ASX 24 June 2025

Expected commencement of trading of Greatland Shares on ASX 24 June 2025

Gold takes a breather, but leading bank still sees momentum building

Proactive - 12th June 2025

Gold may have stalled after hitting an all-time high of $3,500 in April, but UBS thinks this pause could set the stage for another leg higher.

The recent consolidation has come amid a flurry of US economic data, shifting expectations for Federal Reserve policy, and fresh uncertainty around tariffs. Yet despite the volatility, sentiment among investors remains firm.

UBS strategist Joni Teves believes gold continues to stand out as an attractive portfolio diversifier, especially against a backdrop of elevated macro risk. And with summer trading conditions often marked by lower liquidity, the bank notes that any move higher could be sharper than usual.

Physical demand is also holding up. Central bank buying remains steady, exchange-traded fund inflows have resumed, and investor interest in bullion is still healthy. UBS points out that all of this reduces available supply in the market, adding to upward pressure on price.

https://www.proactiveinvestors.co.uk/companies/news/1072863/gold-takes-a-breather-but-leading-bank-still-sees-momentum-building-1072863.html

Sorry, should read USD 3,400, not USD 4,000! Mind you, that could come before too long...

The Gold Price in USD was just up around 2% at USD 3,399, so hitting some resistance to hit that USD 4,000.

In Oz Dollars it's just over AUD 5,200 again.

Looking great for those upcoming Q2 revenue figures due early/mid July.

Looking back at the first FULL quarter figures again (Q1 2025), and how amazing they were:

Revenue of A$458m

90,172oz of gold and 3,511t of copper at an all-in-sustaining-cost of A$2,126/oz Au.

Gold production 21% higher, and AISC lower than our initial pre-acquisition mine plan.

A$253 million of free cash flow

Debt free with a closing cash balance of A$398 million

It's interesting to also note that the AUD gold price in Q1 was between approx. A$4,200 - A$5,000.

However, the AUD gold price, so far in Q2, has been at A$5,000+

Also of note, the oil price has been, so far in Q2, around 10-15% lower than the average oil price in Q1.

for threads like this i just i tend to look back at what charles archer stated back in september last year, namely...

"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."

gla

Thanks Paddy! Just waiting on SCP now, with hopefully another upgrade from their last 22p-25p Buy upgrade on the 29th April.

Had this through from the UKMTO:

https://www.ukmto.org/recent-incidents#9aa802ba-9f3a-4fdb-82b7-7f863fb7baf3

Another late, forced spurt?

IMHO, I just get the feeling that there are some increasingly big orders to fill, and the buyers have said to the MM's just get it for the best you can now, before the ASX listing. The problem is how many are now willing to sell? Of course I could be well wide of the mark, but, looking at the recent action, it's what I believe. Only time will tell, as always...

I don't think I've stated, in 7-8 years in posting on here, a future sp forecast, apart from maybe once or twice (I'm happy top be challenged on that), but I did state, on the 28th May, that, "1-2% a day, on average north, which I expect, until the ASX listing, will do me just fine."

The sp then was 14.7p, so I'm happy with that view, when we're at 16.7p currently.

DYOR

Greatland Gold price target raised

Canaccord Genuity has raised its price target for Greatland Gold from 25.0p to 29.0p this week, reiterating its ‘Buy’ rating, following its visit to the gold and copper producer’s Telfer-Havieron site.

The Canadian bank returned from the Telfer-Havieron site with “a more positive view” on the near and medium-term outlook for the company. A “range of likely life extension options” are expected to be “significantly bigger, at a modest additional cost”, it noted.

Looking at the medium-term outlook, Cannacord sees “29p net asset value/shr as a result of the Telfer life extension and the Havieron expansion being brought into our base case,”

Regular readers will recall our coverage of Greatland Gold in February reporting excellent results from its maiden underground drilling campaign at the West Dome Underground target at Telfer.

Shares in Greatland Gold were trading at 16.94p at the time of writing, up 168% in the year to date and up 130% in the last 12 months.

https://www.thearmchairtrader.com/broker-tips/dr-martens-aberdeen-greatland-gold/

"We have Australia's largest, and highest grade, Tungsten deposit"

"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"

Shaun Day

Indeed! There are restrictions on the percentage of total funds for investment which some Australian institutions/pension funds are able to invest in overseas companies. It's worth noting that Australian superannuation funds alone have a total value of approximately AUD4.2 trillion, one of the largest in the world. Add to that too, the the likes of purchases for indexation, which are inevitable when joining the ASX, and it's a sizeable pot. Sure, there has been investment prior to the ASX listing, but, that said, there are also, similarly, restrictions on investments in the largely 'unregulated' AIM as well.

Only time will tell, but, IMHO, it's a very positive outlook for us. It may not happen immediately, as investment decisions/balancing are usually made quarterly.

@ Goingtomoonufo Thanks for your valuable input, which, looking back at your post history, is a constant stream of de-ramping comments on Greatland Gold. BTW, did you ever get to one of the meets, which you said you would, to put us all right?! Good luck, but sorry you clearly missed the boat!

Hi RELLIM, Re O'Callaghan's, I posted on this last week. It's been discussed quite a bit earlier this year, and views were mixed. I'll post again below what I said, if you're maybe interested, but the impression I've got from Shaun Day, at least recently, is that it's one that maybe he'd be happier either selling off, or forming a J/V, as we have more than enough 'on our plate' already with Telfer, Havieron, and other growth there. That's not to say that it may well become even more critical, and important to us in future of course.

Here's the post:

WASHINGTON'S TUNGSTEN ANXIETY

Policy makers on this side of the Pacific are responding in kind. The U.S. Defense Logistics Agency’s FY-2025 shopping list includes up to 4.5 million lbs of tungsten metal and concentrates—a 50% jump over last year. Capitol Hill has also barred Pentagon contractors from buying Chinese or Russian tungsten from 2027 onward, while slapping a 25% tariff on Chinese material. The message is simple: “find a friendly source—or build one.”

https://investornews.com/critical-minerals-rare-earths/the-tungsten-five-how-a-once-overlooked-metal-redrew-the-critical-minerals-playbook/

And, what Shaun Day has said recently...

"We have Australia's largest, and highest grade, Tungsten deposit"

"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"

And, we now have the co-funding to innovative drilling projects through the Western Australia Exploration Incentive Scheme (EIS) for drilling in the next round at O'Callaghan's.

https://www.wa.gov.au/system/files/2025-04/currentprojectsdrilling-r31.pdf

It's in the Prospectus:

If all conditions to the UK Scheme are satisfied (see Section 5), the UK Scheme receives the sanction of the UK Court and is implemented:

• the Company will acquire all of the shares on issue in the

capital of GGP (GGP Shares); and

• each GGP Shareholder will receive one Greatland Share in accordance with the UK Scheme for every 20 GGP Shares held on the UK Scheme record date, effecting a 20 to 1 share consolidation upon the UK Scheme being implemented (subject to any adjustment for entitlements to a fraction of a Greatland Share).

Accordingly, upon implementation of the UK Scheme, the business currently owned by GGP will become owned by the Company, which will effect completion of the Reorganisation.

It's looking like another old, classic, GGP sp, two steps forward, one step back, and repeat day.

The Prospectus makes it clear that the Issue Price of AUD 5.08 is illustrative only:

"The Illustrative Offer Price of A$5.08 per Greatland Share represents GGP’s 5-day volume weighted average price (VWAP) up to and including 16 May 2025 of £0.1227, converted using an AUD:GBP exchange rate of 0.4830 published by the Reserve Bank of Australia (RBA) as at 16 May 2025 and assuming the 20 to 1 share consolidation has been effected upon the UK Scheme being implemented. The Illustrative Offer Price is being used for illustrative purposes only. The Final Offer Price may be set below, equal to, or above the Illustrative Offer Price. Refer to Section 6 for further details."