Member Info for TimberTrader

"This week’s episode features Cam Currie, senior investment advisor at Canaccord Genuity, in conversation with host Adrian Pocobelli on why precious metals remain vital in today’s market. Currie explains how mounting sovereign debt is eroding confidence in fiat currencies and bond markets, creating a favorable environment for gold. He also explores the WTO’s initiative to tokenize gold through blockchain and highlights the types of gold stocks he believes are best positioned right now."

Interesting interview starting 47:50, but mainly from 1:00:00, when they talk about the likes of many mining companies soon becoming DEBT FREE with the current gold prices, and about mid-tier gold miners and INDEXATION....

https://www.youtube.com/watch?v=ErNJLADh-OI

1-2% a day, on average north, which I expect, until the ASX listing, will do me just fine.

Beetham... That's one from the distant past which many of us will remember. DYOR

Https://www.youtube.com/watch?v=KuStsFW4EmQ&t=3s

Https://www.asx.com.au/markets/company/ggp

Just a reminder about the 'Online Money Awards 2025', for which Greatland Gold is a nominee this year for 'AIM Market Company of the Year'.

Voting ends tomorrow, 29th May.

If interested you can vote here:

https://www.onlinemoneyawards.com/

Maybe it'll be sustained this time...?

Being 'old school', I'd politely make a suggestion to maybe make a diary note to take a screenshot of your account holdings after close of business on the Friday 20th June.

Stuart has today posted a nice video of the event ...

https://www.youtube.com/watch?v=AIM5XQHKDWA

Https://www.mining.com/greatland-gold-targets-33m-in-asx-dual-listing-push/

Australian float beckons for Greatland Gold

"Virgin Australia and GemLife are not the only companies hitting the IPO runway, with Greatland Gold also preparing investors for its ASX listing next month...." (Sub only)

https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a_GGL&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Fbusiness%2Fdataroom%2Fgreatland-gold-prepares-for-listing-on-asx%2Fnews-story%2F4d3b478ace6c7145f8b187a1baa8c450&memtype=anonymous&mode=premium&v21=GROUPA-Segment-1-NOSCORE&V21spcbehaviour=append

Just For information, before numerous people probably comment, 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."

"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.

Greatland Resources is now showing on the ASX Website as an Upcoming Listing for 24th June 2025...

https://www.asx.com.au/listings/upcoming-floats-and-listings

Listing date: 24 June 2025

Contact details: https://www.greatland.com.au

Principal Activities: Mineral exploration, development, and production

Issue Price AUD 5.08

Issue Type: Ordinary Fully Paid Shares

Security code:GGP

Capital to be Raised: $50,000,000

Expected offer close date: 13 June 2025

Underwriter: Not underwritten. Merrill Lynch Equities (Australia) Limited, Barrenjoey Markets Pty Limited, Canaccord Genuity (Australia) Limited (Joint Lead Managers). Argonaut Securities Pty Limited, Sternship Advisers Pty Ltd (Co-Managers).

Oh, let's be honest here, you can almost guarantee that there'll be the usual suspects on here, or their latest mates, de-ramping, as early as July, as to why it hasn't been published yet.

C'est la vie! Nothing changes!

Thankfully there are many well researched on here who can counter their nonsense!

GLA & DYOR

For clarification, from the last Town Hall meeting:

Q: "When can we expect it (Havieron Feasibility Study)?"

A: "The second half of the year. I think my sense is that we might be in that December quarter....but nor do we want it to be Christmas Eve. I'd love it to be November, maybe even as early as October, but that's probably how I feel about that..."

6.14 WHAT IS THE UK RETAIL OFFER?

The UK Retail Offer is a separate offer of Greatland Shares (not made under this Prospectus) to existing GGP Shareholders and

new investors located in the UK. The UK Retail Offer will be conducted through Retail Book. Retail Book is an investment banking

platform, that is designed to connect companies looking to raise capital with retail investors via their retail broker, wealth managers

and investment platforms. The Greatland Shares issued under the UK Retail Offer will be admitted to trading on AIM at the same

time as the Greatland Shares being issued pursuant to the Offer are admitted.

The UK Retail Offer is not underwritten and is intended to raise up to approximately A$14M and in any event less than €8M. The

Greatland Shares offered under the UK Retail Offer will represent approximately €8M of Greatland Shares at the Final Offer Price.

Greatland Shares offered under the UK Retail Offer will be priced in GBP by converting the Final Offer Price (which will be priced in

AUD) from AUD to GBP at the prevailing exchange rate on the business day prior to the UK Retail Offer commencing.

The UK Retail Offer will be for less than €8M, and therefore no prospectus is required to be published in the UK in connection with

the UK Retail Offer, as it falls within the exemption under the Prospectus Regulation Rules. The UK Retail Offer and its terms and

conditions will be announced separately in due course by the Company via Retail Book and RNS.

For clarity, the UK Retail Offer is not made under this Prospectus. The Joint Lead Managers are not acting for the Company with

respect to the UK Retail Offer.

https://www.greatland.com.au/prospectus-confirm-the-jurisdiction/

I totally agree Bamps, and maybe more. I usually don't make forecasts on the sp, or revenue, etc. but in this case, it really does look very positive. The gold price during Q1 was between around AUD 4,200 - 5,000, but during Q2, so far at least, it's been AUD 5,000+. The oil price too though, as I've posted a couple of times over the past days, is also important. It's around 10-15% below the Q1 average during Q2 so far.

In an interview at the end of April, Shaun Day's commented that the Gold price in AUD, especially, "...bodes well for a good June quarter".

I don't like to get ahead of myself, but I think he maybe, just maybe, knows where we're going on that one already...

Only time will tell, but I'm expecting something very special, as we enter the ASX!

DYOR

A great pic of Telfer from yesterday, thanks to Stuart Hinds on 'X':

https://pbs.twimg.com/media/Grn1XIqW0AAUCv8?format=jpg&name=medium

https://x.com/hinds_stuart/status/1925840101113741732

Following on from my post about Q1/Q2 revenue/free cash below, this is an interesting piece on the Gold-To-Oil Ratio.

https://discoveryalert.com.au/news/gold-stocks-soar-record-60-margins-and-gold-to-oil-ratio-signal-unprecedented-growth/

Please note that the article is from back in February, when:

- The AUD gold price was only around A$4,500, but is now higher at A$ 5,000+, and has been for pretty much all of Q2 so far

- The oil price is currently down around 15% since February

The margins in Q2 could be significantly higher than in Q1.

As always, only time will tell....

You may have missed my post from last night E1, so your figures may be a little low on the free cash:

Just looking back again 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, pretty much, 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!