External broker reports(aggregated public sources), Ord Minnett

Ord Minnett

Ord Minnett is a leading Australian wealth management group, incorporating full-service stockbroking, financial planning and funds management. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Equity Bottom-Up

<ul><li>GMD’s 3Q24 result came in slightly softer than our expectations as lower UG material mined at Gwala combined with lower throughput.</li><li>The former occurred as paste filling was prioritised with ore mining expected to return to the 700-800kt pa run-rate in June, whilst mill processing was impacted by a 48hr mill reline.</li><li>Recent FY24 guidance is unchanged, and the 5-year mine plan shows an organic growth path to +300koz – a differentiating factor (vs peers). </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

GMD’s 3Q24 result came in slightly softer than our expectations as lower UG material mined at Gwala combined with lower throughput.The former occurred as paste filling was prioritised with ore mining expected to return to the 700-800kt pa run-rate in June, whilst mill processing was impacted by a 48hr mill reline.Recent FY24 guidance is unchanged, and the 5-year mine plan shows an organic growth path to +300koz – a differentiating factor (vs peers). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Genesis Minerals Limited - Result Slightly Softer, Foundations Being Laid