GT1 2.20% 9.3¢ green technology metals limited

GT1 - Megathread, page-421

  1. 2,966 Posts.
    lightbulb Created with Sketch. 6528
    I see what you mean and it's unclear if this has been resolved. Equally likely is that it was a temporary issue which ADV used to negotiate a reduced tenement purchase price and it was then never then a priority to resolve. Given the prospectus had the same It is a bit concerning that the prospectus notes the first nations agreement wasn't on file, but the same description was given in relation to Root. When GT1 do go to Wisa, they need to follow through with their commitments. Reputation is important.

    The July 2017 announcement sounded promising but wasn't quite there.
    By 23 August 2017 agreement was reached for Wisa to be acquired on different cheaper terms with no 2% Alset net smelter royalty. It appears to be basically a transfer of an prospective, unconfirmed tenement. The drill rig that was planned to go to Wisa went to Seymour.

    The prospectus notes that the first nations agreement wasn't on file (but the situation for Root was the same and has been successfully sorted)

    It's hard to tell what went wrong as the July announcement below looks promising.
    https://hotcopper.com.au/data/attachments/4904/4904667-8e0409ddc7db807dc71c3db49e740183.jpg
 
watchlist Created with Sketch. Add GT1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.