Ann: Godolphin Resources Investor Presentation October 2021, page-6

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schmunzel75

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21/10/21

15:44

Post #: 56974253
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Originally posted by prawn_man ↑

Amigos, a very good summary of the many rojects and there is action taking lace on all of them. In particlualr, there are a couple of statements which are important for patient long-termers.

1. On page 2: "Well funded with $4.73m at bank to progress a strategic and targeted exploration program". So the presentation maybe giving shareholders the long-awaited update. That's good. If GRL can hit good grades in their drilling in the next 3 to 4 months, and the market lifts the shareprice to a sustainalbe level that is clealy above 20c, the options could be converted. As @gc2016 points out, that would avert a cap raising.

2, On page 12: "Soil sampling underway at the Williams prospect, south east of Lewis Ponds". In the previous exploration update, GRL said that landowner negotiations were underway and progressing well. So the new statement shows that those negotiations must have been completed and now GRL has moved onto fieldwork. Good news.

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mmmh, I heared well funded too many times recently. Than why do we need Resolution 3? An extra 10% share placement facility on top of the existing 15%? If passed, there will be a 25% share placement facility that does not need shareholder approval. INCREDIBLE.
I am surprised this has not yet been discussed here at all.
GRL needs 75% of votes to pass Resolution 3.
I voted NO.

GRL Price at posting: 15.5¢ Sentiment: Hold Disclosure: Held
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Ann: Godolphin Resources Investor Presentation October 2021, page-6

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Ann: Godolphin Resources Investor Presentation October 2021, page-6

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