GPN greater pacific gold limited

capital gain on disposal of shares, page-9

  1. 2,669 Posts.
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    I would expect the options to revert back to their original exercise price.While its a setback for anyone with the opts (which unfortunately I have truckloads), the share price is now definitely undervalued. After securing 125k free yrr shares I sold gpn for gpnoa mainly based on such a low strike price. With the yrr deal off then my strategy falls apart, but thats life. The key is still a drilling program at Peak Hill which will have a large impact on the shares and options, so imo the yrr non-float is only a temporary setback providing drilling gets underway soon. Good luck to all those who bought in after xb date, they now have a bargain.
 
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