GPN has about $146k in cash plus $300k owed by AGU, minus any payables. Not much money to work with but then j/v partners are taking care of all exploratory expenditure. They will need to get the sp consistently higher to encourage option holders to start converting to shares, as that is the only form of income that will both instill confidence and raise capital.
It's been well over 2 months since the completion of drilling on Gabinintha and Peak Hill so results should be close now. Good results from either/both projects would most likely be the catalyst for some serious GPNOA conversion to start.
I reckon its about time for GPN/YRR to put some runs on the board and prove the Directors are worth the $2.14m in free options they have received since the end of the financial year.
GPN
greater pacific gold limited
