RE: Looks good for a bounce10 Aug 2022 13:15
What else is happening?
Shaun has recently declared that GGP is investigating the opportunity to cross-list and trading on the ASX. Brokers may simply make the current inventory of shares available for trading on ASX or may take the opportunity to seed new shares into the ASX via a small placing in order to assist in the GGP funding of the Havieron Capex. Either way, I would anticipate that those shares made available on ASX would likely be snapped up by multiple Australian institutional investors who are more familiar with the mining industry and are certainly closer to the action.
If you’re looking to buy either for capital growth or future dividends, now’s the time in my opinion. Can’t think of many better shares to pop in an ISA or better still in a SIPP to enjoy the benefits of tax relief.
The future’s Gold, the future’s Greatland Gold.
The content of this article does not provide any form of financial advice. If you hadn’t guessed by now, the author does hold shares in Greatland Gold.