I agree YellowMan that Gabinintha has a lot of appeal, especially for a larger company, but considering Peak Hill has cost gpn 450m shares to buy Desert Resources or 57% of all shares on issue it needs to be drilled soon to justify such a large share dilution for land thats been sitting untouched for over a year. $1.0m was raised about the same time, much of which has dwindled away. Irrespective of the yrr float fiasco gpn should still be in a position to drill Peak Hill as was planned and I would expect an announcement outling this very soon otherwise management may have to do some fast talking. Hopefully next week may shed some light on the company's position on all projects.
GPN
greater pacific gold limited
capital gain on disposal of shares, page-7
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