Greatland Resources Share Price Plunges 30% Amid Investor Jitters

Greatland Resources' (ASX: GGP) share price has been on a downward trend, falling 30% in five weeks and testing a key support level at A$10.03.

The decline comes as the company's flagship Havieron gold-copper project faces scrutiny from investors, who are demanding delivery on milestones and funding discipline before re-rating the stock.

Despite a recent ASX bookbuild that confirmed institutional backing for the project, Greatland remains vulnerable to short-term allocation adjustments and hedging flows.

The company's high beta amplifies any gold price movements or positive project news, but also cuts both ways in times of market volatility.