Berenberg raises Greatland Gold price target to 26 (24) pence - ‘buy’
7% drop this morning, what happened, what did I miss??
Have been following GGP from a distance but this update is a notable one: funding secured, so to speak
Overall think this one is going to be a slow burner to realise it’s value, with the turning point being gold & coming coming out the ground at Telfer with positive free cash flows demonstrated from an active Haverion mine. This is a medium term play that I may restart dollar cost averaging into.
Anyone else have thoughts on this?
Strengthened the board too:
In a downtrend, let’s see if recent RNS turns that around. Also, although Havieron is the flagship asset I would really like to see some decent economical mineral (100%) assets emerge from their exploration. That way cash flow from Havieron can be applied to development of these assets.
I am watching curiously, Havieron is a gem no doubt but I want to see a clear path further down the road before deploying thousands of €.
Having funding secured is good news, however it came at the price of significant dilution at a price very far away from it´s peak. It makes sense to dilute when the share price is expensive, not so much when it has gone down.
It might be worth looking into it again, the share price might be quite interesting 
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Yes, certainly by no means have I dipped my toe back in yet. But when I do it’ll be pound cost average all the way up until mining begins to even out the trough to peak. At the moment just re-acquainting myself with the stock and listening to Shaun Day’s insightful updates like the one below:
Still a GGP’er. Sat patiently waiting but still happy with my investment!
What’s your average? Mine is around 15p
People still holding this?
Sp performance will answer that…
Really disappointed. 15p average, how will I ever get back to green.
Buy more to average down and hope it recovers?
Recovery in progress…
“A feasibility study for Havieron is due in the second half of 2025, with first gold production targeted for the second half of 2027.
A June ASX listing is also in the works.
Greatland trades at about half its net asset value, whereas peers are closer to one times NAV.”
I managed to exit without a loss, thank you. Not gonna buy at these prices. Way too overvalued for me now. We are 1B+ mcap. There is better value out there now. Was okay at 5p but not anymore (for me).
wait till you see what they are at in the morning !!!