image

The best stocks to buy since 1993

Our latest issue will be released in 12 days, don't miss out!

SIGN UP NOW
Updates

GGG Resources - Begins trading on ASX

February 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:
  • 28p
Chief executive Dr Jeffrey Malaihollo popped in to give us a quick update on progress. We were sad to hear the Chinese have now flipped GGG's previous project, the Nimu copper one, for an eye-watering US$70m or 10x the price they paid GGG for it just a few month's earlier. It would have been a kingmaker for tiny GGG but that's the way the cookie crumbles. Meanwhile, development of GGG's latest project, the Bullabulling gold project in Western Australia, in which it has 50%, continues apace. The company this month completed a further fundraising to raise A$9m at A$0.4 a share ahead of dual listing the shares on ASX later this month. That raises the cash balance to A$23m leaving GGG fully funded to complete exploration drilling this ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

GGG Resources (September 2011)
GGG Resources (May 2011)
GGG Resources (April 2011)
GGG Resources - Resource upgrade (September 2010)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

LIMITED PERIOD OFFER!

SUBSCRIBE TODAY AND SAVE £30 WITH OFFER CODE 30OFFSCSW

To access our archive of articles and to receive current issues you need to subscribe

SUBSCRIBE NOW