Greatland Gold (GGP) is a company that I’ll happily admit to having been wrong about, as were many others, and a lot has changed since I last looked at it around the time that Newmont Mining had decided to terminate its involvement. At the time, I expected that Greatland would go the way of so many other small mining companies that promised a lot and then failed to deliver, given that Newmont had decided not to exercise an option to partake in a joint venture on its Ernest Giles gold project in Australia. At the time it was extremely early days with Havieron licence area, which is now the main focus of attention and which has turned the company around...
When is an exploration company worth £1 billion? Very rarely. When does its market cap reach £1 billion with almost no, or no, institutional support? The answer is when you are in a bull market and the stock is being ramped by folks saying it could treble again. Ask yourself whether you would rather own 40% of Centamin (CEY) which has cash, is producing vast amounts of gold and whose directors are not big sellers of stock or 100% of an exploration play with heavy boardroom selling like Greatland (GGP). Exactly…my thoughts too which is why I own Centamin. But Big David Lenigas owns Greatland and so writes on facebook:
I rather suspect he has shares in this one..
The longer you follow the lower end of the AIM market, the more you realise that big share price movements are often more a result of a concerted pump than related to actual news that has been released.
Investors who believed all the hype surrounding Greatland Gold (GGP) received a nasty shock this week when the share price collapsed, but for many of us who have been around the market for a while it didn’t really come as much of a surprise.
A hat tip to Waseem Shakoor for the graphic below. Carillion (CLLN) went bust today. Greatland Gold (GGP) has seen its shares halve as Newmont has pulled out of a jv. So what else do folks owning these two stocks own? See below.
I’ve been following the Greatland Gold (GGP) story with interest, but have to admit that I remain very sceptical at this stage, especially given the rise in share price that the company has enjoyed recently.
In this video from the storming success that was the 2017 UK Investor Show, Gervaise Heddle, CEO of Greatland Gold (GGP), is at the podium. And make sure that you keep April 21 2018 free for next year's UK Investor Show.
Greatland Gold (GGP) has been pursuing small - and almost certainly not economic - gold deposits in Tasmania since Adam was a boy. Every year it promises jam tomorrow, the shares are pumped up a bit and then it does a hugely discounted placing. Rinse & repeat. But suddenly it is the ramp de jour.
Featuring shares in Emerging Market Minerals (EMM), Fitbug (FITB), Greatland Gold (GGP), Mobile Streams (MOS), PeerTV (PTV) and Rurelec (RUR) with share price targets for all six stocks.
Yesterday Greatland Gold (GGP) delivered a surprisingly positive RNS. The clue was in the title “Exciting drilling results in the Carenegie area”. Unfortunately, such are the cynical times we live in no one paid the slightest bit of attention. It seems that cramming the word “exciting” seven times into an announcement isn’t the way to catch the eye of private investors in this climate. Whoever would have guessed that?
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.
Hi folks. Today I bring you a grave warning. DO NOT TOUCH GREATLAND GOLD (GGP). They are subject to a scandalous pump and dump episode with false takeover rumours at a 1000% premium being posted on a blog site.
85 days ago I tipped shares in Greatland Gold (GGP) as a Buy at 0.365p with a target price of 0.80p – as you can see here. Well done me – the shares are now 0.93p. What next?
The recent charting history of Greatland Gold (GGP) shows a severe spike for the shares in September where they quadrupled and then fell by over three quarters. One imagines that many punters would have been wrong footed by that and had their fingers burnt.
Greatland Gold (GGP) is a mineral exploration and development company based in Australia. In terms of the share price it is delivered the sort of dismal performance you sort of expect from this sector. The stock has plunged from 1.1p to 0.365p. However…
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