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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Secondary Recommendation

GGG Resources - Interesting speculative gold play in Australia

November 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:
  • 13p
Shares in AIM-listed GGG Resources have enjoyed a tremendous run in the past five months, rising from 2.5p on 1 June to register a new high of 15p in September. The excitement reflects the progress being made within its 50% owned gold mine in Western Australia, which currently holds almost 2m oz of resources and is already being talked about as a potential company maker.  Most interesting is the fact that the mine is now expected to begin production at the beginning of 2013 and with its market value still just £30m, there appears room for further share price appreciation. We first alighted on GGG in August 2006 when it was known as Central China Gold, reflecting the fact that its main assets then were a copper project in Tib ...

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GGG Resources - Gold supplier set for another strong run (February 2011)
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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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