For a moment, bankers at Barrenjoey Capital Partners, Bank of America and Canaccord Genuity looked like heroes having navigated Greatland Resource onto the ASX and into the gold production big leagues with a float that sent the company’s stock more than 12 per cent higher on debut.
That was late June. Now the same bankers are feeling the heat from aggrieved investors – and curious regulators – after Greatland warned it would not meet its production guidance for the next year, and expected costs to be higher than forecast.
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