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GGG Resources - Resource upgrade

September 2010

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:
  • 6p
Exploration can be a risky, expensive business and one company we’ve known about for many years but never covered before is GGG Resources (GGG; 6p). The company was established in 2004 when it was known as Central China Gold and it made progress early on with the Nimu copper project. But earlier this year the Chinese effectively repatriated the project and GGG had the ignominity of walking away with only £7m, or £4.5m after tax (£2.9m came in upfront with £1.6m to be paid next year).But just when all might have seemed lost, in February Dr Jeff Malaihollo and chairman Dr Peter Ruxton alighted on the Bullabulling gold project in Western Australia, at what appears a give-away price. Under ...

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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.

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

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