My take on the languishing share price is that the market is a cold bloodedbeast and wants to see a real prospect of money on the horizon before the shareprice starts to move.
Looking back, the GGP share price moved surprisinglyslowly even after some impressive initial drilling results at Havieron.
Time and again, in June 2018, Nov 2018 and Feb 2019 they reported outstanding drilling results, albeit at depth, but the SP hardly moved and in Feb 2019 actually dropped!
But Newcrest had seen enough. The farm-in deal was announcedon 12 March 2019 and they have been drilling hell for leather at Havieronever since
But the GGP share price did not start its long uphillclimb until March 2020. So what was it that lit the fuse?
Who really knows but the ongoing impressive drilling resultsand the increased certainty of being turned into a producer must have been keyingredients.
The CV-19 lockdown with millions of punters in the UK sitting attheir home computers all day, must have helped to spice things up as well.
In the case of Capricorn (CMM) curiously enough it wasonly after they raised funds to build the mine and processing plant at Karlawanda that theSP started to multi-bag.
Frankly I am a little wary of GGP at the current marketcap, a very fancied runner but carrying top weight, let us say, and with some bigfences to jump yet.
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