Daily mail article this morning4 Sep 2018 07:55
GGP Shares were tarnished at Greatland Gold (GGP), even after it unveiled ‘very encouraging’ results from its Wishbone, Carnegie and Empress mining sites in Australia. The problem came for investors as it said it would pay DDH1, its drilling provider, in shares as well as money for its latest drilling project in the Havieron gold site. DDH1 will get 11.4million new shares worth a current value of £120,455. Because this involves the creation of new shares, it will lower the value of those already held by investors. Greatland tried to put a positive spin on the announcement, saying DDH1’s agreement to accept shares showed its ‘support and confidence in the Havieron project’.