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Greatland Gold Plc (GGPL)

London
Currency in GBP
Disclaimer
6.200
-0.270(-4.17%)
Closed

GGPL Price Commentary

very bubble-ish. over 1Billion market valuation on 0 revenues. I can understand the initial hype, but this is way overbought. imo.
While maybe it looks like that the fundamentals offer a compelling vision of why it's not overvalued and is still a good long term play - the market is forward looking, pricing in events to come and future expectations. GGP have massively de-risked their position by receiving funding in the form of a loan from their Haveiron JV partner at a very attractive rate to pay for its proportion of necessary costs to reach a decision to mine. So you have an asset which is increasing in size, the economics will likely be very impressive due to Newcrest's bulk mining expertise, and a extremely co-operative and long term relationship between GGP and the major securing funds in order to fast track this to production. Plus the new Juri JV and imminent results for the Scallywag exploration could unleash further upside. So as you say maybe it's overbought on the back of a 10% day yesterday, but consider the news to come, the assets both confirmed and being explored.
I think it is likely we are entering the period in a company's lifecycle where we see impatient money replaced by patient money - no bad thing imo as the patient money sees the potential and the path ahead more clearly. All imo - make sure to do your own research - gpphep.co.uk offers a good place to start. GLA!
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