GPN greater pacific gold limited

announcement, page-39

  1. 337 Posts.
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    I'm with you Majella

    The major shareholders have sold none, which means a hell of a lot when the share price has already gone from about 1.5 to 5.

    GPN have stated that they have got gold in Peak Hill and wish to do further drilling. This to me means that they are happy with the recent drill results and are prepared to spend more or the JV partner is. I don't think a JV agreement would of been reached if they found no or small amount of gold. Anyway they have stated that the strike line continues for about 25km's.

    I'm reading between the lines. I am waiting for the new round of drilling and staying put to get the entitlement for Aurium Resources.

    As GPN holds 70% of YRR, I would also think this investment will be worth more in the medium term once they complete drilling on the uranium ground in the NT and continue drilling for vanadium in WA.

 
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Currently unlisted public company.

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