GMD - Genesis Minerals

[Dona Ferentes]

Genesis looking to acquire Dacian Gold DCN

- proposed $100 million equity raising.
- acquisition is expected to provide Genesis Minerals with access to a large operating mill
- Dacian Gold announced it would suspend mining at its Mt Morgans open-pit site last month, and stop its underground mining operations in the September quarter.
- It said it would continue to run its mill to process stockpiled ore.

 

[Dona Ferentes]

St Barbara said it had recommenced discussions with Genesis Minerals regarding the consolidation of its Leonara Province operations.

The discussions relate to a potential business combination aimed at consolidation of the Leonora Province and the unlocking of operating and development synergies in the region.

St Barbara said the discussions were independent of the potential transaction and capital raise referred to by Genesis in its trading halt announced this morning.

“The discussions with Genesis are incomplete and there is no agreement or understanding between the parties regarding the terms of any combination, nor is there any certainty of any agreement being reached,” St Barbara said in a statement.

 

[Dona Ferentes]

St Barbara said the discussions were independent of the potential transaction and capital raise referred to by Genesis in its trading halt announced this morning.

this one is likely to be Dacian DCN
"pending the release of an announcement to the ASX regarding a material corporate transaction and capital raising."

 

[Dona Ferentes]

Called Saracen V2.0

 

[Sean K]

The deal, well telegraphed.

 

[The Triangle]

The deal, well telegraphed.

View attachment 150365

Got to love resources! How do they keep finding suckers to pour money in to tired, old, West Australian gold assets which don't make money without copious amounts of capital to subsidise them year after year?

Changing names and shirts won't change the fundamentals of junk deposits and mined out mines but milking the market for $275 million will certainly enable them to kick the can down the road for a few more years without worry of insolvency.

Note to self... Consider transferring out and closing my AustralianSuper account.

 

[Sean K]

Note to self... Consider transferring out and closing my AustralianSuper account.
View attachment 150388

There‘s a few Super funds putting a lot of our cash into speculative projects at the moment.

 

[Telamelo]

Looks to me like GMD moving higher from here as bullish chart & market depth imo *please note not trading/investment advice per say DYOR

GMD.AX (ASX)

This page of Genesis Minerals (GMD.AX) displays a brief signal update and a market outlook, as well as a candlestick chart showing the last detected pattern.

www.aussiebulls.com

 

[Telamelo]

Looks to me like GMD moving higher from here as bullish chart & market depth imo *please note not trading/investment advice per say DYOR

GMD.AX (ASX)

This page of Genesis Minerals (GMD.AX) displays a brief signal update and a market outlook, as well as a candlestick chart showing the last detected pattern.

www.aussiebulls.com

GMD now @ $1.405c looks bullish imo dyor

 

[Sean K]

What a shambles.

You just can't make a silk purse out of two sow's ears.

 

[Country Lad]

► 3.9Moz Reserves and 15.0Moz Resources
► A$186m cash and bullion1; no bank debt, no hedging
► 300koz pa base case “margin > ounces” plan:

• FIRST 200 (Leonora mill) - Transition Gwalia to high grade, selective mining; Add new Admiral open pit and Ulysses underground to “fill the mill”
• GROW TO +300 (re-start Laverton mill) -

Grow focus pivoted from inorganic to ORGANIC

 

[Boggo]

Another caution, State Street (shorters) hold over 95 million shares or 8.86% of GMD.

You probably already know my views on "legal" price manipulation.

 

[Country Lad]

Another caution, State Street (shorters) hold over 95 million shares or 8.86% of GMD.

You probably already know my views on "legal" price manipulation.

Another caution, State Street (shorters) hold over 95 million shares or 8.86% of GMD.

... and there it falls

 

[rcw1]

Good afternoon

Update: some good SP gains:

 

[finicky]

Genesis Minerals top ASX 200 performer today.
Not Held
From Market Matters:

 

[rcw1]

Not a bad look this one ... SP rose 37.99% to close out the year at $2.47. There is abit of reading to do in the Announcement space to conduct one's own due diligence.

Cited in The Motley Fool 07/01/25 (rcw1 is not necessarily a big fan of Motley) anways:

In part ...
Bell Potter is bullish on GMD.

The broker explained why it had placed Genesis Minerals on its best ideas list:

Following a period of significant M&A activity, GMD has outlined plans to grow production to 325kozpa by FY29 (from 135koz in FY24), and 350kozpa by FY34. GMD aspires to get to 400kozpa and has significant optionality within its existing Resource portfolio.
GMD guides to near term growth with FY25 production guidance of 190koz to 210koz, a ~50% increase on FY24, and recently restarted the Laverton Gold Processing plant. Management is highly experienced, well known and respected. The combination of growing production, declining costs and a supportive gold price, will progressively enhance GMD as a growth platform.

AGM presentation 14/11/24 (as attached):

Holding
Have a very nice week.

Kind regards
rcw1

Good afternoon

Update: some good SP gains:

View attachment 184190

 

[Dona Ferentes]

another goldie enjoying the good times.

$3B market cap

 

[rcw1]

Good morning

UBS analyst Levi Spry cuts GMD to Neutral while lifting his target price 7 per cent to $3.00 after a strong rise in the share price.
Mr Spry doesn’t expect the the strong December quarter at Gwalia to be repeated in the March quarter.
But after factoring in over 25,0000 ounces of extra gold production over the next 18 months from Ore Purchase Agreements, he upgrade his FY25 outlook to 9 per cent above the midpoint of production guidance at 217,000 ounces with an AISC cost of A$2,244 per ounce.


“This upgrades FY25 EPS 18 per cent and our NPV base price target by 7 per cent to $3.00 a share but given the recent strong performance we downgrade to a Neutral.”


Yutter yutter yutter …
Holding

Kind regards
rcw1

 

[rcw1]

Good afternoon
Chart Update ... another all-time high today (22/01/24).
Daily