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GGG Resources

April 2011

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • GGG
  • Price:
  • 35p
The shares initially tumbled but then recovered after GGG said it was intending to launch a takeover offer for Australian-listed Bullabulling joint venture partner Auzex. GGG is tendering seven new shares for five Auzex shares. It already owns 8.5% of Auzex.  Considerable antipathy already exists between GGG and its partner. Auzex has been refusing to sign-off on GGG's cashflow requirements for the next 12 months, which in turn has delayed GGG's debut on the Australian exchange. At the same time the two companies have also been at odds to decide on exactly the pace and quantum of investment to take place at Bullabulling, with Auzex also having other mining developments to progress.  GGG has not signed up any irrev ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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