ARIVER,What do I think about the GPN announcement:I am glad in...

ARIVER,

What do I think about the GPN announcement:

I am glad in one way, that the ASX is forcing the Co. to comment specifically on the cash/liquidity issue.

GPN obviously knows how they will combat this issue, but mustn't be quite ready to announce it as yet.

They used the word "appropriate capital raising", - if required..... I thought that was of particular iterest.

I cannot see how they can justify any capital raising without any direct ventures imminent.

Therefore what I can imagine coming is some sort of reincarnation/extention of the current oppies which are almost due to expire. Is this possible? WHo knows. How remains to be seen, but oppie holders will not convert at these share prices.

the JV's are good from a cashflow perspective, but we need some action on these JV's for them to be worthwhile.

Cheers.