pvnkhcwp

The GGP share price is down 45% in 2021. Should I buy?

first_img Image source: Getty Images. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Nadia Yaqub | Thursday, 25th March, 2021 | More on: GGP Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Nadia Yaqubcenter_img Our 6 ‘Best Buys Now’ Shares Simply click below to discover how you can take advantage of this. “This Stock Could Be Like Buying Amazon in 1997” Nadia Yaqub has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. CORRECTION: Two previous mentions of ‘the miner’ have been amended to ‘the exploration company’The Greatland Gold (LSE: GGP) share price has fallen significantly since the beginning of the year. I’ve been bullish on the stock before and I’d still buy the shares in my portfolio. Here’s why.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…HavieronThe real gem for GGP is its Havieron deposit. The company has announced consistent drilling success from this site. I reckon Havieron could be transformational for GGP.In fact, in its recent interim results, the company stated that it’s carrying out further drilling at Havieron and is working toward commercial production at the site.I think its worth noting that mining for gold is an expensive job. So GGP has joint-ventured with Newcrest for the Havieron deposit. To me, this makes sense to partner with a company that already has the resources.Newcrest has even provided GGP with a $50m loan to fund the exploration of Havieron. I reckon GGP now has the adequate funds in place to commercialise this deposit. JuriJuri is GGP’s other joint-venture with Newcrest. This follows on from the success of Havieron. Juri consists of the exploration company’s Paterson Range East and Black Hills licences, which are to the north of Havieron.The company has announced its initial 2021 work programme for the Juri join venture. This will include drilling several target areas in early April. GGP has identified the Paterson Range East and Black Hills licences as having similar potential to Havieron. I guess time will tell if this is true as there’s no guarantee of drilling success. But if there’s gold, the Juri joint venture could also be transformational for the company and thereby the GGP share price.Other licensesI think it’s worth highlighting that GGP has other licenses that aren’t part of Havieron and Juri. These licenses are 100% owned by the exploration company, which include Scallywag, Rudall, and Canning.Earlier this year, the GGP share price fell after the company’s initial drilling at Scallywag proved unsuccessful. I have mentioned this before, but not every hole dug will lead to gold. I think the main thing is that GGP is using the results from this initial drilling to source other target areas.In fact, GGP has filed an application to explore a new region south-east of Havieron. This is the Canning license. It has not been approved yet, but I reckon it’s building upon the exploration momentum seen at Havieron.If gold is found at the 100%-owned licenses, this would mean that all potential revenue and profits would go to GGP. The company now has the adequate resources to ramp up drilling at these other license regions.Why has the GGP share price fallen?2020 was a stellar year for the GGP share price. The success at Havieron along with increased appetite for gold during the pandemic pushed the stock to new levels. I think there has been some profit-taking and the drilling success news momentum has somewhat diminished.GGP shares are highly speculative as the company is pre-revenue and loss-making. This stock is not for the faint-hearted and I’d only put in what I could afford to lose.But I reckon there’s a lot going for GGP. The firm is well funded and is ramping up drilling, especially at its 100%-owned licenses. I think as a long-term investor, I’d buy the shares in my portfolio. The GGP share price is down 45% in 2021. Should I buy?last_img read more