Ann: Half Year Accounts, page-112

First 112 Last

Share
Profile

Follow
Zammita

3,260 Posts.

885

18/02/18

12:44

Post #: 31137376
Share

Originally posted by Scarpa ↑

Now, exploration companies drilling do capital raises. Here is a selection of the ones I have held or currently hold who have done a raise over the last year - AVZ, AUZ, SYA, VEC, MLS, PIO, NVA etc etc Now go to their SP and see what direction the SP went after the raise - most actually have gone up.

The point is good drill results mean the raise will be higher, poor results the CR will be lower or left unsubscribed. I understand a CR is required here, I just want them to drill as they currently have enough money for 3 to 4 drills before doing a CR (note AVZ did 7 drills and then did a CR from a sosphisticated investor btw) rather than do nothing and continue to bleed money.

Exploration companies need money to drill and if they hit the jackpot more money to mine, that is why CRs are needed. So exactly what is your point and taking AVZ the CR was done at 8c because after the drill came out SP rocketed from 3c to there, you know what drill results can bring. But agree if continue to drag their heels then any CR by GPP will be lower than current SP hence why I want them to sink 3 to 4 drills and see what happens - if hit pay dirt suspect the raise will be above this level btw, if not lower and if drill but nothing there well could be even lower.

Most understand the risks of exploration, but we are becoming not amused by inaction. At the end of the day 1 in 50 exploration plays ever make it to mining (the risk reward equation but if can't handle risk suggest invest in blue chips).

All IMO

Expand

Well said.
l am confident we will hit the jackpot.
Management get a fu#$ken move on.

GPP Price at posting: 1.4¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

PAM

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SGP

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RAD

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

BTH

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

First 112 Last

Add GNM (ASX) to my watchlist

(20min delay)
Last 1.2¢		Change 0.000(0.00%)		Mkt cap ! $1.855M

Open	High	Low	Value	Volume
1.2¢	1.2¢	1.2¢	$1.2K	100.0K

Buyers (Bids)

No.	Vol.	Price($)
1	249998	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	58684	1

View Market Depth

No.	Vol.	Price($)
1	249998	0.012
5	674997	0.011
5	1329995	0.010
3	883330	0.009
2	440000	0.008

Price($)	Vol.	No.
0.014	58684	1
0.015	202325	1
0.016	12803	1
0.017	227673	2
0.018	416660	3

Last trade - 11.34am 19/11/2024 (20 minute delay)

GNM (ASX) Chart

Ann: Half Year Accounts, page-112

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: Half Year Accounts, page-112

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Things finally 'looking different' for up-and-down Hot Stock tip Stockland

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Radiopharm extends radioimmunotherapy trial to 5 more cancer types

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News