Absolutely nothing has changed, still a lifestyle company.
No improvement since the company bailed from the Moribishi Project, abandoned the OHD project, NT Potash and Kopang disappeared and were left desperate to fill the void with the next hot commodity to keep "their" dream lifestyle alive.
Enter: Mclean/Williams
https://hotcopper.com.au/threads/gpp-a-new-beginning.4273521/page-147?post_id=34434084Started over 3 years ago:
https://hotcopper.com.au/threads/gpp-a-new-beginning.4273521/page-51?post_id=34257537https://hotcopper.com.au/threads/gpp-a-new-beginning.4273521/page-115?post_id=34369455Greenpower to acquire
HIGH GRADE Australian Cobalt and Vanadium focused company ION Minerals.
Successful Due Diligence: 18th Sept 2018https://www.asx.com.au/asxpdf/20180911/pdf/43y74kr02qt0nv.pdfhttps://hotcopper.com.au/threads/ann-successful-due-diligence-on-ion-projects.4424000/King ~ quote "
The addition of quality battery minerals projects with a clear path to commercialisation in addition to experienced management is an exciting opportunity for GPP"
McLean ~ quote "
ION has worked hard to secure a portfolio of some of the best high-grade Australian battery minerals projects. We are very much looking forward to the opportunity of working with GPP to advance the combined assets. In the near term we will continue exploration at Lincoln Creek ahead of a trial IP program with the view to be then drilling prior to Christmas. We will also be advancing the Ashburton and Julia Creek projects at the same time."
Bear in mind, McLean and Williams (ION Minerals) became the Managing Director and NED of GPP as part of the agreement.
ION Minerals was registered 4 months prior to the acquisition
ION Minerals was paid, A$970,000 cash, 110,000,000 shares plus a further A$1,600,000 worth of shares (phase 2 & 3 earn in) plus a further A$250,000 for Ashburton
OOPS Unsuccessful Due Diligence: https://hotcopper.com.au/threads/ann-gpp-to-exit-vanadium-cobalt-and-ohd-projects.5041858/After "
selling" the QUOTE "BEST HIGH-GRADE AUSTRALIAN BATTERY MINERALS PROJECTS to GPP, pocketing "as above" then spending ?? how much drilling, IP surveys, exploration, and whatever else ... the same managing director that sold these to GPP is now saying the prospects would not deliver value!!
ALL the work/spending for another dud project/s:
https://www.asx.com.au/asxpdf/20180911/pdf/43y74kr02qt0nv.pdfhttps://www.asx.com.au/asxpdf/20181030/pdf/43zslm2rh96dr5.pdfhttps://www.asx.com.au/asxpdf/20181120/pdf/440fybkykn39t4.pdfhttps://www.asx.com.au/asxpdf/20181129/pdf/440rp15pfb3dkn.pdfhttps://www.asx.com.au/asxpdf/20190122/pdf/4420546tw56gj8.pdfhttps://www.asx.com.au/asxpdf/20190226/pdf/442ynnmrj2nlk0.pdfhttps://www.asx.com.au/asxpdf/20190325/pdf/443qycc89rbmnw.pdfhttps://www.asx.com.au/asxpdf/20190402/pdf/443z5s4wcrmkp0.pdfhttps://www.asx.com.au/asxpdf/20190404/pdf/44416wb7bhvnjq.pdfhttps://www.asx.com.au/asxpdf/20190410/pdf/44461jmqp1rk82.pdfhttps://www.asx.com.au/asxpdf/20190415/pdf/4449v1nl9171ff.pdfhttps://www.asx.com.au/asxpdf/20190418/pdf/444dqc8q5n5fr8.pdfhttps://www.asx.com.au/asxpdf/20190506/pdf/444w106b420hnf.pdfhttps://www.asx.com.au/asxpdf/20190516/pdf/4454380fk2sdpr.pdfhttps://www.asx.com.au/asxpdf/20190530/pdf/445gm4tfcvnf1t.pdfhttps://www.asx.com.au/asxpdf/20190620/pdf/446003ncvsc5jx.pdfhttps://www.asx.com.au/asxpdf/20191030/pdf/44b1lf9d9xfsqy.pdfReferencing what I thought of the "cobalt" back then ~
Maybe we can change our minds, I'm sure that Mineral Intelligence has some other fancy metal mining project that we could be interested in.........https://hotcopper.com.au/threads/ann-gpp-to-exit-vanadium-cobalt-and-ohd-projects.5041858/page-16?post_id=41152618https://hotcopper.com.au/threads/ann-gpp-to-exit-vanadium-cobalt-and-ohd-projects.5041858/page-16?post_id=41152618Lets try gold
(lifestyle, lifestyle)
McLean has been forgiven for selling GPP ION Minerals suite of dud projects - although King et al all completed "due diligence" on said projects.
Gold tenements have IMO always been lack lustre but Mclean and the rest of the board have been even more so, how long to get some drilling done? No urgency in drilling, progressing! JORC? Update JORC? Updated resource - maybe an update to the old couch?
OH I know, COVID buggered them up?
Insipid, inept all come to mind........
As for this "over subscribed" placement - yeah right!
23% discount to sell the placement?
40,000,000 options issued to CPS Capital
CPS Capital - Peterson ~ Founder and Managing Director, the same
Celtic Capital - Peterson ~ Managing Director, Chief Investment Officer ~ Sole shareholder
Most recent news article that Celtic Capital was mentioned in ......
https://asic.gov.au/about-asic/news-centre/find-a-media-release/2020-releases/20-201mr-continental-coal-directors-and-company-secretary-charged-with-breaches-of-directors-duties-and-making-false-and-misleading-statements/Fully diluted SOI after this placement is ?
SOI 1,209,050,981 plus 500,000,000 (this placement) = 1,709,050,981
Options 747,547,822 plus the 40,000,000 (this placement) 787,547,822
Total 2,496,598,803
https://hotcopper.com.au/threads/ann-annual-report-to-shareholders.6315833/Another consolidation coming?
What happened to the divestment of Guyana?
What happened with the OHD, you know the company actively engaging with prospective suitors to commercialise the innovation?
~ Although the Company did get an R & D refund (2020) for $155,720 - our taxes at work SMH
Good luck with this mob ....... they have been kicking the gold prospects around for over 2 years now!
cheers
