On 20th March this year we wrote that shares in Australia-focused Greatland Resources (GGP) were a gold recovery buy at a then down to 522.6p offer price as “we look for them to return to 735p and frankly more in the coming months as the company’s production and development continues to progress and a sector recovery kicks in”. Already they are 740p to sell!
These shares are indeed a big winner for us and, although still with the ticker code GGP, the company is now named ‘Greatland Resources’ (GGP) instead of ‘Greatland Gold’ has also brought with it an effective 20 to 1 share consolidation – meaning our 7.3p offer price November tip equates to 146p.
Greatland Gold (GGP) has announced that it “successfully completes ASX bookbuild” and that it “look forward to now finalising the corporate reorganisation under Greatland Resources and commencement of trading on both the ASX and AIM”. That sounds like further good news from this initial 7.3p offer price tip as we are well over 100% ahead on this one in just eight months.
Greatland Gold (GGP) has announced it has delivered gold production higher and costs lower than its initial mine plan and an extension of its mine plan to bridge to Havieron project production. That is great new and has seen the shares surge to 14.62p more than double our 7.3p offer price initial tip in November?
From an initial 7.3p offer share price tip just in November, shares in Greatland Gold (GGP) are now 13.6p as gold reaches another new record high at above $3,200 per ounce but also with the company issuing an “ASX listing process update” announcement.
We tipped Greatland Gold (GGP) at a 7.3p offer price in November. The shares are now well above our initial target at 12.7p to 13p. Should you sell? No, as two things have happened.
Australia miner and developer Greatland Gold (GGP) has announced a company mineral resource estimate, including its inaugural mineral resource estimate for the Telfer gold-copper mine, and that its “upcoming June 2025 quarter is a very exciting one”. The following is why we consider that offers further upside from a current 10.75p share price, despite the gains already from a 7.3p offer price initial tip just in November.
Greatland Gold (GGP) has announced results from its maiden underground drilling campaign at the West Dome Underground target at its Telfer mine in Australia and that these validate the exciting opportunity identified for the target during its acquisition due diligence. Further good news from this November tip already up from a 7.3p offer price then.
Greatland Gold (GGP) only owned the Telfer mine for the last 27 days of December so you might not read too much intro this. The company is not yet guiding on all in cash costs, that will come in April. But…
Greatland Gold (GGP) has announced completion of full ownership interests in the Havieron gold-copper project and the Telfer gold-copper mine from Newmont and first gold poured under its ownership at Telfer.
Having been tipped at a 7.3p offer price on HotStockRockets last week, these shares are already up to a 7.5p such price but at up to this level we consider them a Buy and here’s why... Being able to raise £255 million of new equity in the current declining AIM market immediately commands attention – and that was what Greatland Gold (GGP) was recently able to do to “fully fund the cash consideration for the acquisition of 100% ownership of Havieron and Telfer, to make Greatland a material producer of gold and copper”.
