GPN greater pacific gold limited

worst deal of the year

  1. 67 Posts.
    You should note that if shareholders approve this transaction the company will be valued over at $12 million with 612 million of shares.
    Desert Resources gain 292 million shares and free options too. (good one Dean)
    All GPN shareholders are getting ripped rorted here.
    If a company has at least some good projects it would have done its own IPO not a reverse take over scam.
    Desert Resources have greenfiled tenure only and it is not valued $5.8 million of this sort of leases with not an ounce of resource in its inventory.
    You the shareholder are getting diluted to the max and paying outrages price for Desert Resource that has no cash in the bank.
    Compare this to GLN a company that has real projects with at a decent resource of in gold value, including plant and equipment valued at $5.2m and only 44m shares on issue
    Not to mention with a top team of highly qualified mining and exploration directors including staff (this is a real mineral exploration company).
    Now don’t tell me a tax office clerk with more failed company directorships and a used car salesman can do better than the GLN mob. Pleasssssse!!
    And by the way watch out for Premier State the major shareholders, they are keen sellers at these prices (around 2c)
    GPN is really starting to look and smells like a pig dog.
 
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Currently unlisted public company.

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