GPN greater pacific gold limited

MitisI rang the office office today to check that my broker had...

  1. 346 Posts.
    Mitis

    I rang the office office today to check that my broker had extended my options (5.5M) and got straight thru to John Geary. He didn't breach any of his duties of care but did let me know that the company was ringing option holders to ensure that every one who wanted to extend did so before monday. He also advised me that there were some investors who would take up the shortfall. It is my assumption that they are are the directors and bigger stock holders.

    This gives me some comfort as the GPN share price is about one and a half cents less than that needed to put the new options in the money. It suggests that those big investors believe that there will be a significant rise in GPN's SP once the new results and JORC are released for Gabranintha. And, as other posters have already said that is about 3 weeks away.
 
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Currently unlisted public company.

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