Finally mate a post of substance. |
I’m worried about Arthur.
Three posts a day anc now nowhere to be seen chums. Worrying isn’t it chums |
Well we might have disagreement on certain points but one important
point is a new high on the chart after taking out 9.35p, new highs
just go higher. Money pouring into real money.
dyor |
Hazl , I call you out on a regular basis due to your inconsistencies .
You move the goal posts re one’s own average.
You make silly comments like “ not caring about the day to day movements “ yet you go wild ,OTT ,when something you are on shoots up .
Average joe mug punting kinda guy |
Gold looks good..2,983.17+43.86+1.49% |
Insane. With gold prices very likely to be atleast $5000-$10000 by then, the profitably and cash flow will be monumental, with an AISC of $750. Better than a money printing machine. |
More from article, diagram form :
'GGP could become a cash giant' (£m)
2023 - n/a
2024 - n/a
2025 - 225m
2026 - 180m
2027 - 210m
2028 - 400m
2029 - 600m
2030 - 815m
--------- |
 This transformed gold miner has more to offer
Investors have started to recognise this company’s value but its work in the coming months should push its share price even higher
Greatland Gold’s (GGP) half-year earnings statement reveals the rapid transformation of the miner between June and December 2024. Its closing cash position rose from £4.8mn to £71.9mn, debt fell to zero and net assets on the balance sheet climbed from £41mn to over £490mn.
That’s what you get when a company goes from owning a 30 per cent stake in a mine development and a few desert-hardened vehicles to running Australia’s third-largest gold plant.
Greatland Gold bull points
Production about to take off
Excellent cash flow forecasts
Mines could have longer lives than first expected
Gold price still riding high
This transformation has come about through the equity-funded buyout of Newmont’s (US:NEM) Telfer mine and its stake in the Havieron project down the road. These two Western Australian operations will probably vault Greatland up the league table in terms of gold production.
Production at Havieron is expected to be around 221,000 ounces (oz) a year, although things aren’t due to kick off until production at Telfer has ended.
If Telfer’s life is extended beyond the current 12 months, however, the company could see production of well over 500,000 oz a year. Havieron, which Greatland discovered in 2018 and then partnered with former Telfer owner Newcrest to develop, could also grow in size compared with the most recent study. Greatland expects to finish a new feasibility study by the end of the year.
Greatland Gold bear points
Limited information post-acquisition
Plenty of operational challenges remain
Investors have already bid up Greatland in anticipation of changes to the initial forecasts from when the deal was announced in September. Even after issuing £255mn in new shares and doubling the share count in December, the price is beyond where it was pre-deal. The market value has not yet eclipsed the £1.4bn high set in early 2021, however. Additionally, gold-hungry Australian investors will arrive in a few months’ time as the company adds an ASX listing.
The handover with Newmont took place in December, so there is only a few weeks of data in the latest interim results. What is there is very promising, however. Greatland reported gold production of almost 30,000 oz. This was enough to bring in £5.3mn of Ebitda for the segment. The company has not issued full-year guidance given how little time it has had as operator of Telfer, but will sketch a fuller picture for investors in April alongside a quarterly trading update.
According to consensus forecasts compiled by FactSet, analysts expect production of just under 200,000 oz between December 2024 and June 2025, and 216,000 oz for the 2026 financial year. Ebitda for FY2025 is forecast at $202mn.
This is using the company’s base case scenario for Telfer and the Havieron ramp-up later in the decade.
A new lease of life?
The Greatland base case for Telfer is to run it for 15 months (from December last year) and extract 374,000 oz of gold and 13,000 tonnes of copper, at an all-in sustaining cost of $1,454 an oz. At the current gold price of $2,900 an oz that means significant cash flow.
The Telfer mine will probably last far longer than initial forecasts, however.
This is because Newmont assigned little value to the mine, while Newcrest (which Newmont bought in 2023) also saw the mine as on its last legs, limiting exploration spending. The Australian Financial Review called Telfer a “white dwarf” mine that was quickly running out of life in 2019.
Newcrest had put serious money into extending its life in the past, but declining grades caused production to fall.
------ |
Do what central banks do, not want they say. |
Buy some pet rock, I would say 3k will advance quickly to 3.5k by year end. |
@ waterloo01 Thanks for the heads up. Article is here: |
All the gold boys are flying, gold may futures now touching 3k, jun at 3020 and climbing. The GGP cash flow is going to look insane right now, the value they must be getting for their bars just keeps going up and up. |
Nice 7.47% Rise ! |
Chunky buys showing after the close at 9.50p |
Nice close again, up 7.5% @ 9.5p |
Has anyone seen lurker/arthur.
Maybe he is down the pub with jabba the hut drowning his sorrows |
From IC>
Ideas of the Week
This transformed gold miner has more to offer
Investors have started to recognise this company’s value but its work in the coming months should push its share price even higher
This transformed gold miner has more to offer
Published on March 13, 2025
It concludes:
There are still risks from here – a gold price crash, difficulties in getting Havieron started, or those promising drill results at Telfer not coming to much. But there is enough going on to see greater heights ahead for the shares. |
Nice end to the day! |
Arthur, watching CBeebies with a Cup a Soup. |
Where is Arthur Brain? |
I am not good at blowing my own trumpet but to those trolls above
have you got 3 in the top risers today?
No I thought not. |
Have you seen gold just now?
It's up again.
2978 +44! |
This isn't a speculative holding anymore. GGP is a significant gold producer that will only grow. I know where I would look to put that 1/3rd. |
Hazl does not care about the day to day price movements. LOL |
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