RE: Broker update6 Oct 2022 13:20
James - possibly no mega uprate from Berenberg who see the FS as the main short term catalyst.
This is what Berenberg said earlier in September following the RNS:
"Greatland Gold (Buy, PT GBp18) released a series of announcements yesterday that strengthened the board, secured commitments for AUD220m of debt and raised AUD60m of new equity with Andrew Forrest’s Wyloo Investments, with a further AUD60m potentially to be raised through warrants. This follows on from a GBP29.7m placement last month. Greatland, which holds a 30% interest in the Havieron project in Western Australia, had previously been firmly on the back foot following the decision of Newcrest not to exercise its option to acquire an additional 5% interest in the project that would have taken it to 75%.
Greatland is now fully funded for the initial development of Havieron, which hosts a resource of 5.5Moz of gold and 220kt of copper, and we believe that the company can now negotiate with Newcrest on a far more equal footing. The main catalysts for the shares should be the completion of a feasibility study for the initial development of Havieron in Q4 and ongoing exploration results from the deposit. In our view, this provides a strong platform for the shares to re-rate, having seen recent weakness".