GPP seem to be spreading themselves a bit thinly IMO and it's showing with how long everything is taking. The sum of the projects = good potential but they don't seem to really be getting anywhere with any of them. At least not in a timely manner compared to other companies that prioritize development of a single asset. Management don't really seem worried about the slow progress either and my impression is that it's pissing a few shareholders off.
Be interesting to know how many people are employed by or contracted to the company currently other than directors and what they actually are doing. Doubt it's many.
Hopefully soon they figure out which project is worth focusing on, advance it, make some money, increase the share price, avoid unnecessary dilution etc if a CR is needed, and then focus on the other crap after. They need to realise that having multiple parallel projects is only a good thing if you have the resources to advance them and they clearly aren't at a stage where they have this capability.
Reckon the share price will retrace a bit until the next OHD news. Not heaps as OHD news is expected soonish. This announcement wasn't bad but definitely wasn't as positive as the expected confirmation of lithium potential.
GPP Price at posting:
2.9¢ Sentiment: None Disclosure: Held
