RE: Rns investment10 Jan 2019 07:36
They started buying literally 1 or 2 days before the big rise last time too.Previous comment in November from Primirous ceo:
Alastair Clayton, Executive Director commented
"As per our investment mandate, which includes natural resources, we have taken (for us) a meaningful stake in Greatland Gold PLC for exposure to what we regard as its hugely exciting Havieron Project and substantial exploration portfolio in the emerging exploration region, the Paterson Province in Western Australia. The Paterson Province is home to the prolific Telfer Gold mine that produced over 425,000oz in 2017/18 and more recently has been the location of the, as yet unquantified, Winu Copper Discovery by Rio Tinto PLC (RIO.L).
The results from Havieron to date are, in my opinion, shaping up as one of the most exciting gold/copper discoveries globally for many years. We are particularly impressed by the very large widths and high-grade nature of the small number of drill holes to date and whilst early days, I believe this discovery has the potential to be a Tier 1 mining asset in a low sovereign-risk jurisdiction should the exploration results continue to confirm the continuity of the mineralisation encountered to date.
I believe that given recent soft equity markets the investment community is largely asleep to the potential of Haveiron and thus the shares in Greatland are, in my opinion, hugely undervalued. As per our name and our mandate, Primorus is happy to invest early and hence we have taken the decision to gain exposure to this world-class exploration project before larger and more risk-averse investors."