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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

GGG Resources - Gold supplier set for another strong run

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:
  • 25.5p
Following our piece on Australian gold explorer GGG Resources last November we met up with its chairman, Dr Peter Ruxton, a geologist with extensive experience working on Billiton's 10m oz Sunrise Dam discovery and latterly for Ross Mining's  Gold Ridge discovery in the Solomon Islands. Immediately apparent from the meeting was Ruxton's belief that GGG's current resources of 2m oz are likely to see substantial upgrades while he also notes its continuing undervaluation relative to its peers. This latter point  is backed up by recently appointed broker Collins Stewart's observation that GGG's enterprise value per resource ounce of US$41 is less than a quarter of the industry average of US$178  and well below other “emergin ...

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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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