Greatland Gold Launches Bookbuild for Australian Offering

An update from Greatland Gold ( (GB:GGP) ) is now available.

Greatland Resources Limited has launched a bookbuild for its Australian Offering, aiming to raise up to AUD50 million through a non-pre-emptive placing of new ordinary shares and the sale of shares held by Newmont NOL Pty Limited. This initiative is part of Greatland’s strategy to cross-list on the ASX and expand its investor base, with the offering targeting institutional investors in Australia, New Zealand, and other eligible jurisdictions, as well as Australian retail clients. Additionally, a separate UK Retail Offer aims to raise up to 8 million euros, providing UK retail investors the opportunity to subscribe for new shares.

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 is a mining company listed on the London Stock Exchange’s AIM Market, operating primarily in Western Australia. The company focuses on gold and copper mining, with key assets including the Telfer gold-copper mine and the Havieron gold-copper development project, both located in the Paterson Province of the East Pilbara region.

Average Trading Volume: 84,347,596

Technical Sentiment Signal: Buy

Current Market Cap: £2.19B

For an in-depth examination of GGP stock, go to TipRanks’ Overview page.