What happened has the cat got their tongue, where is this promised release.
Let us examine why the silence on Mt Thirsty.
First I believe the study has the approval of ASIC and the ASX and is being withheld by the JV (just my opinion).
Second JV partner Conico are in a massive dilutive cap raise with shareholders expecting the scoping study to be good.
Third Greenstones 50% share of the Mt Thirsty JV is included in assets for the merger with Horizon.
Fourth and this is why in my opinion the scoping study is not published. If the study comes out good Mt Thirsty will be valued higher and may be the subject of consolidation (as we have already been told). If Mt Thirsty is valued higher then Greenstone should be valued higher and the merger share calculation becomes obsolete in other words it may be a 1 for 1 merge not a 0.2868 to 1.
Just my opinion and still waiting for the promised scoping study. Why would any investor trust this board of directors they need to go and go fast.
GSR Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
