5 Jul

The GGP share price is rising: here’s what I’m doing

first_img Image source: Getty Images Rupert Hargreaves | Sunday, 6th December, 2020 | More on: GGP The GGP share price is rising: here’s what I’m doing Our 6 ‘Best Buys Now’ Shares The high-calibre small-cap stock flying under the City’s radar I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Rupert Hargreaves has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Click here to claim your copy of this special investment report — and we’ll tell you the name of this Top Small-Cap Stock… free of charge!center_img Enter Your Email Address Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Simply click below to discover how you can take advantage of this. The GGP (LSE: GGP) share price has been on the up over the past few weeks. Shares in Greatland Gold have jumped by nearly a third since the beginning of November. Following this performance, some investors, including this author, might be tempted to buy into the stock ahead of further growth. 5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Considering the firm’s long term potential, I’m starting to think that could be a great idea. GGP share price performance In its latest results release, the company laid out its successes over the past 12 months. In what was a transformational year for the group, Greatland and its partner Newcrest drilled some 100,000 metres at the Havieron gold-copper prospect, which has quickly become GGP’s flagship asset. So far, drilling results have been nothing short of exceptional. The company is planning to start the next stage of the mine’s development at some point in the next six months.The GGP share price has edged slowly higher following the trickle of positive results from the prospect over the past year. However, as is the case with many early-stage mining projects, the market was sceptical that Greatland would have the skills and financial resources to push Havieron to the revenue stage. That all changed at the end of November. On the last day of the month, Greatland announced that it had signed a new series of agreements with Newcrest. New agreements These agreements sealed a formal framework between the two parties for work beyond the existing Farm-in Agreement. The agreements put in place a structure to progress the prospect to the new stage.They facilitate the expansion of exploration activities at Havieron and the acceleration of early works, including the construction of a box-cut and decline. Greatland has also secured $50m of funding for the project.Together with Newcrest’s existing sole funding commitments under the Farm-in Agreement, management believes this capital will be enough to fund GGP’s share of joint-venture costs up to the Feasibility Study.The next stage I believe these new agreements are hugely positive for the GGP share price. Indeed, they remove some of the uncertainty that’s shrouded the business since the beginning. The company is edging closer to production. What’s more, the continual stream of positive results from the prospect increases the chances of a possible takeover. I’m not saying a takeover is guaranteed, but it’s one avenue Newcrest might want to explore, although I’m sure it’ll want a good deal. As such, I’m going to be paying close attention to the GGP share price from now on. As it’s still at what I would call the pre-revenue stage, I’m not willing to invest in the business just yet. I like to buy companies that have a proven and profitable business model.Nevertheless, my view on the business is likely to change as it progresses towards production. That’s why I’m going to be watching it closely and waiting for a potential opportunity.  Adventurous investors like you won’t want to miss out on what could be a truly astonishing opportunity…You see, over the past three years, this AIM-listed company has been quietly powering ahead… rewarding its shareholders with generous share price growth thanks to a carefully orchestrated ‘buy and build’ strategy.And with a first-class management team at the helm, a proven, well-executed business model, plus market-leading positions in high-margin, niche products… our analysts believe there’s still plenty more potential growth in the pipeline.Here’s your chance to discover exactly what has got our Motley Fool UK investment team all hot-under-the-collar about this tiny £350+ million enterprise… inside a specially prepared free investment report.But here’s the really exciting part… right now, we believe many UK investors have quite simply never heard of this company before! See all posts by Rupert Hargreaveslast_img

Leave a Reply

Your email address will not be published. Required fields are marked *