Looks good on the surface, but gees the board is a concern as is the quality of their projects. Their uranium stuff has got to be a joke. The picked up a 51% holding of the project for free. Must be a quality deal?? Then as part of due diligence they talk about some old prospector who found yellow rocks there!
Strip out the 0.8c per share for the spin off gives a market cap of the pure gold greenfields play of about $6m which isn't expensive but not super cheap either. GLN sat on a market cap of that for ages with a plant and heaps of cash. But good luck to em. I am holding heaps of GPNOA's having held the stock and been disgusted with management for years. Maybe im just bitter...
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greater pacific gold limited
Looks good on the surface, but gees the board is a concern as is...
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