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GSR General/Daily Discussion, page-45

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Lowkeyinvestor

4,196 Posts.

1469

17/12/23

20:19

Post #: 71495985
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Originally posted by Lowkeyinvestor: ↑

Funny that (not really) the FMR JV stops dead in its tracks just when we shareholders start licking our lips as the planned next targets are the high grade gold.

The SP hit the skids and nose dives after repeated dilutive capital raises.

The board do not have the ability to renew the 10% capital replacement facility since we voted against that resolution. They still have the ability to dilute the share registry by up to 15% though although the board now claim shallow open pit mining will provide working capital.

The board know they will get a second strike at the next AGM if they don't perform better and raise the SP by mining gold.

Should FMR reappear as a JV partner I will muster all the help I can to stop the deal.

FMR cannot be trusted.

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I will write a letter to the board and register it for delivery so they cannot claim it was not received.

The letter will demand FMR are excluded from any further mine development and ore processing as they cannot be trusted to continue the deal.

The letter will inform the board that should they as directors engage FMR as a JV partner and if the deal does not guarantee Greenstone a significant benefit to shareholders a class action will happen.

GSR Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
8 Upvote

5 Great analysis

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