GPR 0.00% 2.1¢ geopacific resources ltd

Wow... 18% subscription by the retail investor? Bizarre that...

  1. 191 Posts.
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    Wow... 18% subscription by the retail investor? Bizarre that they could pull the $140mil from insto's easy enough but can't get the enthusiasm by joe blow to scrap together the pocket change. I guess they don't have enough Joe blows on the register yet.

    At todays share price the whole project has an EV of less than $30mil! common on guy's, $200mil market cap for a company sitting on ~$170mil cash in bank, 1.6mil reserves and likely another 3mil+ in the ground hiding from those pesky drills!

    I would love to buy more... but now very over weight on this one.

    Good to see Ian putting in $250k to the raise as well.
 
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