Greatland Gold Advances ASX Listing with Updated Prospectus

The latest update is out from Greatland Gold ( (GB:GGP) ).

Greatland Gold plc has lodged a replacement prospectus for the proposed listing of its subsidiary, Greatland Resources Limited, on the ASX. This follows feedback from the Australian Securities & Investments Commission, leading to streamlined business discussions and additional risk disclosures. The timetable for the ASX listing and associated offers remains unchanged, with updates to be announced as necessary. This move is part of Greatland’s strategy to expand its market presence and enhance its operational capabilities.

The most recent analyst rating on (GB:GGP) stock is a Hold with a £7.00 price target. To see the full list of analyst forecasts on Greatland Gold stock, see the GB:GGP Stock Forecast page.

Spark’s Take on GB:GGP Stock

According to Spark, TipRanks’ AI Analyst, GB:GGP is a Neutral.

Greatland Gold’s overall stock score is significantly impacted by its weak financial position and high valuation concerns. However, strong technical indicators and positive corporate events suggest potential for future growth. The company’s success hinges on transitioning from exploration to production to improve financial stability.

To see Spark’s full report on GB:GGP stock, click here.

More about Greatland Gold

Greatland Gold plc is a gold and copper mining company listed on the London Stock Exchange’s AIM Market. The company operates primarily from Western Australia, with a portfolio that includes the 100% owned Telfer gold-copper mine and the Havieron gold-copper project, which is under development. Greatland is focused on establishing a substantial and long-life gold-copper operation in the Paterson Province of Western Australia and is targeting a cross listing on the ASX and AIM in June 2025.

Average Trading Volume: 85,539,691

Technical Sentiment Signal: Buy

Current Market Cap: £1.92B

See more data about GGP stock on TipRanks’ Stock Analysis page.