Published on: March 24, 2014
Interims confirm further progress
Greatland Gold’s first half numbers showing an Operating Loss of £0.23 million and a loss per share of 0.04p were in line with our runrate expectations for the full year. That prompts only very minor adjustments to our estimates. The outlook statement reflects a positive view on the company’s positioning in the market. During the six months to the end of December 2013, the company has concluded two equity raisings totalling £675,000 and issued a number of positive updates on its projects in Tasmania and Western Australia. The latter included new targets in the Ernest Giles and Bromus projects. In Tasmania, positive exploration results have been to the fore and we comment on the most recent progress at Warrentinna in more detail in this note.