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Hamak Gold Limited ( (GB:HAMA) ) has issued an announcement.
Hamak Strategy Limited has moved to regain full control of its Nimba gold project in Liberia after mutually agreeing with First Au Limited to terminate their joint venture, securing 100% ownership for no initial payment after FAU spent more than A$600,000 on exploration and delivered early encouraging drill intercepts. The company is now in advanced talks with a new partner to further develop Nimba, while simultaneously progressing due diligence on the 250,000-ounce Akoko gold project in Ghana, lining up a drilling contractor for a 4,250-metre reverse circulation programme and conducting community engagement and topographical surveys in preparation for potential low-cost open-pit heap leach development. Against a backdrop of sharply higher gold prices and a deliberate ramp-up in operational activity, Hamak is also reshaping its board and management team to support its combined gold and Bitcoin treasury strategy, signalling a more aggressive growth and capital markets push that could materially influence its future positioning and risk profile.
The most recent analyst rating on (GB:HAMA) stock is a Sell with a £1.00 price target. To see the full list of analyst forecasts on Hamak Gold Limited stock, see the GB:HAMA Stock Forecast page.
Spark’s Take on GB:HAMA Stock
According to Spark, TipRanks’ AI Analyst, GB:HAMA is a Neutral.
The score is primarily held back by weak financial performance (no revenue, ongoing losses, and negative cash flow), with only partial offset from a currently improved near-term technical setup. Valuation signals are also constrained by a negative P/E and the absence of a dividend yield.
To see Spark’s full report on GB:HAMA stock, click here.
More about Hamak Gold Limited
Hamak Strategy Limited (LSE: HAMA / OTCQB: HASTF) is a UK-listed company focused on gold exploration in Africa, combining conventional mineral exploration with a digital asset treasury strategy that includes holding part of its reserves in Bitcoin and other cryptoassets. Its core activities centre on advancing early-stage and near-surface gold projects in jurisdictions such as Liberia and Ghana, while managing a high-risk, unregulated Bitcoin exposure that adds a differentiated but volatile component to its balance sheet and investor proposition.
Average Trading Volume: 4,329,588
Technical Sentiment Signal: Sell
Current Market Cap: £5.65M
For detailed information about HAMA stock, go to TipRanks’ Stock Analysis page.