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Greatland Resources ( (GB:GGP) ) has issued an announcement.
Greatland Resources Limited announced the issuance of 132,899 new Ordinary Shares as part of the up-front consideration to Rio Tinto Exploration Pty Limited for their joint venture in the Paterson South project. The shares are expected to be admitted to trading on AIM by 28 July 2025, increasing the company’s issued share capital to 670,751,673 Ordinary Shares. This strategic move underscores Greatland’s commitment to expanding its operations and strengthening its position in the gold and copper mining industry.
The most recent analyst rating on (GB:GGP) stock is a Buy with a £7.80 price target. To see the full list of analyst forecasts on Greatland Resources 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 Resources
Greatland Resources Limited is a gold and copper mining company listed on the Australian Securities Exchange and London Stock Exchange’s AIM Market. The company operates from Western Australia and its portfolio includes the Telfer mine and the Havieron gold-copper development project, along with a significant exploration portfolio in the Paterson Province.
Average Trading Volume: 3,109,375
Technical Sentiment Signal: Buy
Current Market Cap: £2.25B
Learn more about GGP stock on TipRanks’ Stock Analysis page.