Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
I can’t help but think of the words “lifestyle” and “business” when I think of Greatland Gold (GGP). There is a summer ritual, which this company goes through and you could almost set your clock to. It begins with CEO Callum Baxter jumping on a plane in Australia and flying all the way around the world to London. On arrival, poor old Mr Baxter has a jolly packed schedule. He has to reel off a few presentations and sign off on his company’s latest deeply (and I can’t emphasise that word enough) discounted placement, before hopping back on that plane to make the long journey home. We then hear very little from Mr Baxter, until the following summer, when this ritual is repeated and he returns to dear old Blighty to give away his company’s stock once more. It’s such a tough job running a gold “exploration” company.
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