turnaround story...

Bigger picture here folks...

All this "small talk" fluffing up the prospects of GPN, whilst well intentioned, is the biggest turn off for most.

One might even suggest all these glowing accolades, which by the way carry exactly zero supporting argument, might be some kind of reverse psychology, down ramping campaign.

This is a good turnaround story, one where an apparent basket case...that could not even manage to spin off their assets successfully first time around...may have finally come to the party for shareholders.

We now have value in the spin-off, which at 70% effectively turns GPN into a free carried uranium explorer at just the right time, but we also have an emerging gold prospect which, if intial reports are to be believed, could hold significant reources over significant strike...enough that it may even attract a decent JV partner such as a mid tire or even major player?

Importantly, they will now have the impetous to progress these gold assets and finally give them the attention they deserve...in a year when gold should reclaim centre stage.

Immediate value however will focus on the uranium spin-off, with gold secondary, though still capable of a surprise near term?

To this end, the listing of YRR, which is now likely to be bought forward from the original timetable by as much as two weeks, can be expected to see fairly robust interest first up, as many of those who only got partial allocations top up to their preffered levels, or at least buy until their returned cheques run out?

Add wider market interest and the likely "trader" interest such volatility should attract...and day one could be very interesting indeed, which of course, should be reflected in GPN's share price.

As I have said, with YRR at 50c, the value to GPN is between 3.25-3.6c per share, depending on how one treats the options?

It is these changing fortunes for GPN, at so many levels that is resulting in a value transition for the company...and the current interest on market.

Good uranium/vanadium assets meant nothing in the old shell...they simply did not have the capacity to extract value from it without prohibitive dilution...same with their gold assets. Now they get the uranium/vanadium assets explored/developed for free and can turn their attention to attrracting a decent JV partner on the gold side of things, with relatively little if any dilution, assuming of course they get some decent results from their intial programs.

All in all, a pretty good turn around story...certainly one suggesting current numbers are a long way from expensive.

Think weeks here and you will make a packet.

Cheers!