Greatland Gold boss slams ‘ridiculous’ overreaction as shares bounce back

The current boss of Greatland Gold has slammed the markets for a ‘ridiculous overreaction’ to today’s initial Scallywag results.

Following drill results that shown peak gold intersected was 1m @ 0.25g/t from 398m (LOD001) and peak copper intersected was 1m @ 1,105ppm from 461m (BLD001) among the test drilling holes, the share price of GGP was on the verge of a 40 percent drop.

However, it has since bounced back to around 29p in a matter of hours following a fall to 24p earlier in the morning.

Taking to Twitter to express his disappointment to the sell-off by investors was current CEO Gervaise Heddle who noted the business is in a very strong position for the year, with the initial results providing valuable insight as well as new targets being identified:

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