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10/09/22
12:33
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Originally posted by tipster:
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Exactly, IMO: There are many questions to be asked: - What happens with the Gekko processing plant they spent $6.5M on? - What is the cost going to be per tonne to treat the ore? - GV get paid processing cost + 30% net profit + $10M? - Where is material processed and what are transportation costs? - When is more drilling going to occur and resources quality and quantity upgraded from inferred? - When are they going to provide overdue financials? - Is ASX/ASIC investigating them still? - How are up to $20M liabilities going to be paid in the up to 120 days (4 months) of GV due diligence of CLZ? Many new shareholders will be stuck when reality sets in from all the hype, we’ve all heard the same promises before and they have not delivered The Gekko was meant to be producing gold years ago and now is sitting in parts likely gathering rust after spending $6.5M!
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Originally posted by tipster:
↑
Exactly, IMO: There are many questions to be asked: - What happens with the Gekko processing plant they spent $6.5M on? - What is the cost going to be per tonne to treat the ore? - GV get paid processing cost + 30% net profit + $10M? - Where is material processed and what are transportation costs? - When is more drilling going to occur and resources quality and quantity upgraded from inferred? - When are they going to provide overdue financials? - Is ASX/ASIC investigating them still? - How are up to $20M liabilities going to be paid in the up to 120 days (4 months) of GV due diligence of CLZ? Many new shareholders will be stuck when reality sets in from all the hype, we’ve all heard the same promises before and they have not delivered The Gekko was meant to be producing gold years ago and now is sitting in parts likely gathering rust after spending $6.5M!
Expand
I owned OBM Ora Banda great ground & great manager. They had big trouble getting used tired mill to work . That mill had produced a lot of gold . A temporary portable mill like the Gekko would be very limited in capability. You need a serious mill for throughput. That's why you commission a company to carry out that work, they know what will work & what won't work, you don't commision a teenager to do it . I predict the Gekko will be disposed of surplus to needs.
Originally posted by tipster:
↑
Exactly, IMO: There are many questions to be asked: - What happens with the Gekko processing plant they spent $6.5M on? - What is the cost going to be per tonne to treat the ore? - GV get paid processing cost + 30% net profit + $10M? - Where is material processed and what are transportation costs? - When is more drilling going to occur and resources quality and quantity upgraded from inferred? - When are they going to provide overdue financials? - Is ASX/ASIC investigating them still? - How are up to $20M liabilities going to be paid in the up to 120 days (4 months) of GV due diligence of CLZ? Many new shareholders will be stuck when reality sets in from all the hype, we’ve all heard the same promises before and they have not delivered The Gekko was meant to be producing gold years ago and now is sitting in parts likely gathering rust after spending $6.5M!
Expand