Greatland Gold - GGP - Share Chat

Stock Discussions
1518

Anyone seen the article in The Australian? If yes, can you post here please?

1519
6 Likes
1520

Greatland Gold ā€“ Newcrest and Newmont ready to chat after recent standoff could be very good news.

5 Likes
1521

Some progress on the takeover news which could be great news for Greatland

2 Likes
1522

Morning progress on the Newmont takeover of Newcrest as the deal enters exclusivity stage

7 Likes
1523
5 Likes
1524

Nice.

1 Like
1525

Long hold for me.

1 Like
1526

The news not as significant as I initially thought.

1 Like
1527

Well it could be. Itā€™s a good strike but itā€™s very deep. And itā€™s just one hole atmā€¦ I think there are a lot of people, myself included, that are a little cautious on this share and really waiting for the first production now.

2 Likes
1529

Looks like GGP have a new parent company

https://www.bloomberg.com/news/articles/2023-05-14/newmont-is-said-to-near-20-billion-deal-for-gold-rival-newcrest

1530

Not a parent company but a company they have a joint interest gold mine with.

2 Likes
1531

Thanks Roger, appreciate the addendum

1532

Greatland Gold plc (AIM:GGP) (Greatland or the Company) is pleased to announce that the Company has entered into a farm-in and joint venture arrangement with global mining group Rio Tinto (ASX/LSE:RIO), to accelerate exploration across 1,884kmĀ² of highly prospective tenure within the Paterson Province of Western Australia (Paterson South Project) located near the Companyā€™s world-class Havieron gold-copper project1 (Havieron).

3 Likes
1533

Havieron Debt Funding Update

Letter of Support received from existing relationship banks to
enhance and extend financial flexibility

2 Likes
1534

Looks like 2 pieces of good news in one day!

But no doubt the share price will go down :laughing:

4 Likes
1535

Thinking about it, this is what that little 8% rise on Friday was all about.

Almost like the news was leaked or rumours started before the official RNSā€™.

Perish the thought.

1536

There are a few aim shares that miraculously react to news before it is released to the public.

3 Likes
1537

It sounds good but I donā€™t really understand why Rio (via RTX) would want to give away 51% or the prospects for just $1.1mn aud? That kind of money is fairly inconsequential to Rio, so they surely canā€™t see that much upside to the prospects or they would just do the drilling themselves?

1538

Thoughts on SP action. Back into the 6ā€™s again, painful share to hold. Strange goings on indeed.