Greatland Gold PLC (AIM:GGP, OTC:GRLGF) shares could nearly double in price, according to a target set by stockbroker Canaccord Genuity (TSX:CF, LSE:CF), which has reacted to Thursday’s upgrade to resources at the Havieron project in Australia.
Repeating a ‘speculative buy’ recommendation and a 25p price target (current price 14p), in a note, Canaccord set the scene for further gold upgrades in the future.
88 Energy Ltd (AIM:88E, ASX:88E, OTC:EEENF) told investors it is anticipating an independent third-party review of Project Icewine’s resource potential, informed by the nearby successes of Pantheon Resources PLC (AIM:PANR, OTC:PTHRF).
Pantheon has made a series of discoveries in an adjacent block with the Alkaid well, in 2019, and more recently the Talitha and Theta West wells which are undergoing testing in the current winter field season.
Pantheon Resources PLC (AIM:PANR, OTC:PTHRF) is now ready to begin testing the Theta West after progress on Alaska’s North Slope slowed due to weather challenges.
The company, in a statement, meanwhile gave upbeat but incomplete results from the previously drilled Talitha well – which saw its latest test suspended in a blizzard and subsequently found results hampered due to a blockage in the well.
discoverIE Group PLC said it has completed the £50mln sale of its Acal BFi distribution business.
Citing supply chain delays, CBD specialist Chill Brands PLC said a previously-announced US$1mln of orders may not all become recognisable in the current year.
Live Company Group PLC announced that the Cape Town track for the Formula E race (E-Prix) that will take place in February 2023 has been revealed in a ceremony with ABB Formula E and the FIA.
The E-Prix will be the focal point of E-Fest, a week-long showcase of sustainability, e-mobility and renewable solutions, with chairman David Ciclitira adding “we are all dedicated to making the Cape Town race one of the best on the calendar.”