Coal to liquids. GPP have a JORC brown coal resource of 500mt +
In March 2014 the Company signed a Memorandum of Understanding (MOU) with US-Thermaquatica Inc., to jointly test and develop the Oxidative Hydrothermal Dissolution (OHD) process for the conversion of coals to liquids, and in November 2014 an Agreement was signed to replace the MOU. They have already spent over $AUD2m for ANZ rights.
SP: .002c
Cap $212k
SOI 106m
As at 31 December 2015 the group has cash of $317,577 as well as shares held in an ASX listed entity (ATR) with a value of $386,163.
Greenpower are in middle of rights issue at .003c and have raised another $41k at .003c. Debt is being converted to stock at .003c, so company will be left with no debt, $1.3m (current cash/equity + $620k raise) + and around 320m shares on issue after recap...and also a new convertible loan of $450k.
