We would love to hear your thoughts about our site and services, please take our survey here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksGreatland Gold Share News (GGP)

Share Price Information for Greatland Gold (GGP)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 6.10
Bid: 6.00
Ask: 6.20
Change: 0.00 (0.00%)
Spread: 0.20 (3.333%)
Open: 6.10
High: 6.20
Low: 6.05
Prev. Close: 6.05
GGP Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Primorus In Productive Final Quarter Amid "Spectacular" Greatland Gold

Tue, 11th Feb 2020 11:29

(Alliance News) - Primorus Investments PLC on Tuesday reported a "great" final quarter of 2019 helped by its investment in Greatland Gold PLC.

"Whilst the fourth quarter of 2019 was again another period of solid growth across our diverse portfolio, it is fair to say that post-period (early 2020) has got off to an excellent start," Primorus said.

Primorus invested GBP625,000 into London-listed Greatland, and the value of this investment has roughly trebled to GBP1.9 million amid "outstanding drilling results" from the exploration company's Havieron licence in Western Australia.

The potential profit from its investment in Greatland stands at GBP1.3 million, and Primorus tips the investee's share price to rise even further.

Shares in Primorus were flat at 3.30 pence each in London on Tuesday morning. Greatland was 9.4% higher at 5.50 pence each in London on Tuesday morning. The AIM stock started 2020 priced at 1.83p.

Among Primorus's other investments is Truspine Technologies Ltd, a medical devices company. Primorus reported that Truspine is "moving fast towards a London IPO".

Primorus also expects a breakout year from its Australian food waste software investee Fresho Ltd, which will soon launch in the UK.

The company said: "Well-funded and ambitious, we believe Fresho can sweep the UK market in the same way it is sweeping the Australian and New Zealand markets."

By deployed capital, Engage Technology Partners Ltd, a software provider for the recruitment industry, remains the company's largest investment. Primorus has invested GBP1.5 million in the firm over four funding rounds.

Primorus said: "It has been a great quarter, and post-period. The key message is that whilst our investment in Greatland Gold has led us to potentially outsized profits, we really remain frustrated that our core portfolio of technology and energy investments is not gaining the recognition the board believes it deserves."

By Eric Cunha; ericcunha@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

More News
5 Mar 2024 12:25

Greatland reports decent progress in interim report

(Sharecast News) - Greatland Gold reported progress at its flagship Havieron gold-copper project in an interim report on Thursday, and updates on exploration activities across its Australian portfolio.

Read more
5 Mar 2024 11:52

IN BRIEF: Greatland Gold annual loss narrows but reports higher costs

Greatland Gold PLC - Australia-focused exploration and development company - Says pretax loss narrows to GBP5.5 million in 2023 from GBP13.3 million the year before. However, says its exploration expenses rose 59% to GBP2.7 million GBP1.7 million the year prior. The firm generates no revenue for the year, unchanged from 2023.

Read more
22 Feb 2024 14:33

IN BRIEF: Greatland Gold celebrates updated Havieron gold estimate

Greatland Gold PLC - Australia-focused exploration and development company - Notes the updated annual reserve and resource statement from Newmont Corp for the pair's Havieron gold-copper project. Havieron is Greatland's flagship exploration project, located in Western Australia.

Read more
8 Feb 2024 10:37

Greatland Gold upbeat on recent drilling at Ernest Giles

(Sharecast News) - Greatland Gold announced the conclusion of its Western Australian government co-funded drilling programme at the Meadows gold prospect on Thursday, situated within its wholly-owned Ernest Giles project.

Read more
8 Feb 2024 09:43

Greatland Gold confirms gold mineralisation at Ernest Giles project

(Alliance News) - Greatland Gold PLC on Thursday confirmed gold mineralisation and pathfinder geochemistry at its Meadows prospect in the Ernest Giles project.

Read more
25 Jan 2024 14:11

Greatland Gold says Haveiron project benefiting from Newmont support

(Alliance News) - Greatland Gold PLC on Thursday said development is progressing at its flagship Haveiron gold-copper project in western Australia, with added support from its recent joint venture partner Newmont Corp.

Read more
9 Jan 2024 09:29

LONDON BROKER RATINGS: Berenberg cuts target prices for miners

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Wednesday:

Read more
21 Dec 2023 14:00

Greatland announces rise in Havieron mineral resource

(Sharecast News) - Greatland Gold announced a significant increase in its mineral resource estimate for the Havieron gold-copper project in Western Australia's Paterson province on Thursday.

Read more
21 Dec 2023 10:58

Greatland Gold reports increased gold content at Haveiron project

(Alliance News) - Greatland Gold PLC on Thursday provided a promising update on mineral resource estimates for its Haveiron gold-copper project.

Read more
13 Dec 2023 12:07

Greatland Gold unveils results of drilling at Scallywag

(Sharecast News) - Greatland Gold announced the results of its 2023 drilling and geophysical exploration programme at its wholly-owned Scallywag tenement in the Paterson Region of Western Australia on Wednesday, next to its flagship Havieron gold-copper project.

Read more
13 Dec 2023 10:38

Greatland Gold finds anomalous gold and copper at Scallywag tenement

(Alliance News) - Greatland Gold PLC on Wednesday said anomalous gold and copper, and key pathfinder metal geochemistry, returned in assays from all four prospects at its Scallywag tenement.

Read more
30 Nov 2023 11:35

Greatland upbeat on Panorama surface sampling results

(Sharecast News) - Greatland Gold revealed the outcomes of its recent surface sampling efforts conducted across its Panorama East, Panorama, and Panorama North tenure on Thursday.

Read more
30 Nov 2023 09:58

Greatland Gold hails confirmation of nickel prospectivity at Panorama

(Alliance News) - Greatland Gold PLC on Thursday confirmed nickel prospectivity at Panorama, following soil sampling at the site.

Read more
21 Nov 2023 15:08

EARNINGS AND TRADING UPDATES: Accsys narrows interim pretax loss

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
14 Nov 2023 12:48

Greatland starts drilling at Meadows gold prospect

(Sharecast News) - Greatland Gold announced the start of drilling activities at the Meadows gold prospect within the Ernest Giles Project on Tuesday, in an underexplored Archean greenstone belt in Western Australia's Yilgarn Craton.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.