"The 4ce board of Darras and Stephens looked to be of quality...

First 32 Last

Share
Profile

Follow
Humbuggy

595 Posts.

3

10/06/17

14:37

Post #: 25212411
Share

Originally posted by DollarDan ↑

Yes, exactly mate.

I'll admit I was surprised, however I have said my peice now.

It could have been as simple as the new board and substantial shareholders having irreconcilable views.

Or there's the options below:

1. Reverse takeover/acquisition

A. If it is tech then it would need to be decent as I assume it's classed as a "significant change in nature" under new rules and may require a full prospectus. Fintech or blockchain/crypto would be nice.

B. Mining assets that are able to attract capital in current climate (Gold and cobalt in Africa etc)

2. A decision on current projects, Mt adrah with strong gold price, or Halls peak with very near term prospects but challenges. Either will require capital and work to develop.
Assays due soon on Mt Adrah.
It's my understanding that halls peak is ready to drill so will be interesting to see if it goes ahead.

In hindsight the shell play timing makes sense. MQR done and dusted, spill meeting resolution voted down, current assets now in a saleable state, consolidation complete, cash raised, corporate structure correct, shareholder spread correct, ~2c share price. Ev $2-3m. Non-exec directors.

To be fair GTT did a good job with the MQR IPO and have managed to attract quality directors to projects, but if the same was to happen with current assets you would expect a pro rata issue in the new vehicle.
The 4ce board of Darras and Stephens looked to be of quality and were getting on with the job but the share price was hardly agreeing.

Going to be a roller coaster ride for shareholders but GTT have plenty of exposure to this one so the end game may surprise.

All IMO

Expand

"The 4ce board of Darras and Stephens looked to be of quality and were getting on with the job but the share price was hardly agreeing."

That's a very valid point, one that isn't being touched on in discussions.

I assume that the recently resigned directors didn't see eye to eye with GTT, which is strange because you'd think they'd iron out any kinks during the vetting process.

I'm hoping the drill results will supersede any of the current dealings.

4CE Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SRL

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

MSB

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

OCC

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

PL3

Patagonia looks to raise $2.15M for South American exploration and development

SPR

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

There are more pages in this discussion • 2 more messages in this thread...

First 32 Last

Add CRR (ASX) to my watchlist

(20min delay)
Last 0.9¢		Change 0.000(0.00%)		Mkt cap ! $16.02M

Open	High	Low	Value	Volume
0.9¢	0.9¢	0.9¢	$720	79.99K

Buyers (Bids)

No.	Vol.	Price($)
8	8542178	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
0.9¢	2427452	11

View Market Depth

No.	Vol.	Price($)
8	8542178	0.008
22	11286105	0.007
13	29501500	0.006
15	37250199	0.005
5	3590000	0.004

Price($)	Vol.	No.
0.009	2427452	11
0.010	3877639	16
0.011	1662690	6
0.012	1530354	3
0.013	796000	2

Last trade - 12.58pm 09/07/2024 (20 minute delay)

CRR (ASX) Chart

"The 4ce board of Darras and Stephens looked to be of quality...

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Patagonia looks to raise $2.15M for South American exploration and development

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

"The 4ce board of Darras and Stephens looked to be of quality...

Top Stories

Scandium a priority metal for Sunrise as it plans feasibility update at Syerston

Mesoblast resubmits US FDA application for approval of Ryoncil in children with graft vs host disease; shares dip -4%

Orthocell shares jump on record revenues from sales of collagen bone repair devices globally

Patagonia looks to raise $2.15M for South American exploration and development

Spartan sniffs 126g/t gold ahead of resource upgrades at WA's Dalgaranga

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News