Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
"Greatland Gold PLC (AIM:GGP, OTC:GRLGF) shares could nearly double in price, according to a target set by stockbroker Canaccord Genuity (TSX:CF, LSE:CF), which has reacted to Thursday’s upgrade to resources at the Havieron project in Australia.
Repeating a ‘speculative buy’ recommendation and a 25p price target (current price 14p), in a note, Canaccord set the scene for further gold upgrades in the future.
“We expect further upgrades to the resource and reserve base over time, and flag our base case assumption of an 11mln ounce resource which underpins our 25p target price,” Canaccord analyst Sam Catalano said.
“Notably, this resource update has been released ‘unilaterally’ by Greatland Gold (and independently assessed by SRK Consulting), following Newcrest’s decision not to include recent drilling for Havieron in its most recent update to resources and reserves across its portfolio.”
The analyst added: “While investors will likely be hoping there is much more to come on the resource front, we believe it is worth acknowledging the impressive progress in delineating a further 2.3moz of AuEq resource in just 12 months, from 21km of growth drilling.
“We look forward to further strong drilling/resource updates from the current 90km programme (~40km of growth), any news flow on the Havieron option price, and the DFS due in 2H22.” Source: Proactive Investor website. GLA
Thanks to the drill team...44 degrees forecast for Pilbara / Telfer.
"Pilbara area
Very hot and mostly sunny. Slight (20%) chance of a shower in the west. The chance of a thunderstorm. Winds west to southwesterly 15 to 20 km/h shifting east to southeasterly 20 to 30 km/h during the morning. Overnight temperatures falling to 25 to 30 with daytime temperatures reaching the low to mid 40s.
Tuesday 28 December."
Don't underestimate Simply Wall Street valuations. May I suggest you broaden your research literature before you make an investment decision. The majority of posters on here are either committed LTH's or bashers trying to get a low entry point for their paymasters. GLA DYOR.
IMHO...So it seems the SP is somewhat manipulated and kept a lid on. On any given day a group of traders appear and deramp the share price. Why? Maybe they are working for a large institution or a potential suitor of GGP...before a low ball offer. Whoever they are they clearly have access to a massive volume of shares that can control the SP up, down or keep it in check. GLA
Enjoyable RNS to read over breakfast.
As CEO SD states:
"It speaks volumes for the tremendous quality of Havieron that after reaching a milestone of 200,000 metres of drilling, the best gram metre intercept ever drilled was just delivered, located at the high grade South East Crescent Zone."
GLA DYOR.
Am I right in thinking if no reverse takeover is completed all money is lost.