In essence I can agree with there not being an overly abundance of credit raising events over the time GPP has been listed, BUT, they have also had the benefit of having assets to sell to help 1) maintain a working capital 2) try to progress projects. They have also benefited from farm ins and government grants.
2008 25m raised $5M IPO
2010 23M escrow shares issued now released @20c
2011 9,513,018 shares @5.5c raised $532,756
2012 2,532,649 out of 24,310,411 shares were taken up in NR Right Issue @5c
Underwriters took 17,000,000 shares @5c
Total for RI 19,532,649 @5c
2016 Feb CR – Placement/converting loan & renounceable rights issue $1.1M
2016 - July Placement raises $675,000
2016 – Nov Placement raises $2.25M
Sale of assets and other funds
$120,000 grant from WA Government
2009 Sells Mirboo tenement $2.8M
RER Signs farm in agreement
2010 Sells 20% Interest in Gunnedah Basin Permit
2013 Sale of its 50% in EP447 to UIL
2014 Astron shares returned for $1.35M
2015 Rationalization programme
2015 Sells EP447 to Eneabba
2015 Funding for brown coal conversion research
2016 also retired debt to King for shares ($420k)
