Up more than 50% in a month! What’s going on with the Greatland Gold (GGP) share price?
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Despite the turmoil of the past few days, the Greatland Gold (LSE:GGP) share price is currently (11 April) over 53% higher than it was a month ago.
Some of this resulted from a positive reaction to the news that the gold and copper miner has commenced a capital reorganisation. If the proposal is approved by shareholders, it will result in a newly-established parent company being listed on the Australian stock market (ASX). The group will also retain its current status on the UK’s Alternative Investment Market.
The group’s directors claim that Australia is “a natural listing venue for mining companies”. As a consequence, the plan — which is expected to be effective from June — is…
