@Process1
I wouldn't be able to agree more with what you said.
Yes it is obvious that the existing GPP management
produced nothing but misery so far for the shareholders IMO.
I would ask the same questions as they are all the right ones;
You asked "
Why is a CR in such a short period of time with the current disastrous SP?" "Why now? Every shareholders must know real reason for this CR!"
And they answered now by the GPP Update anns. if you can believe;
"
This placement will allow the Company to pursue it objectives including Phase 1 of the Kopang project once approval of the PGGS licence is granted."
I am sorry but I don't believe that. The management have just made a CR 2 months ago. They should have considered the funds for for Kopang at that time. Also you already have funds atm.
How can I believe to them that they make a CR if they are aware of Notice of 249D was coming.
Process1, you asked "What is going to happen SP after this CR?" The answer is they don't care as far as I can understand. They are panicked and did this ridiculous CR.
I don't think that they will be able to stop what is going to happen.
They lost all the support from the shareholders hence the CR to sophisticated investors' support again! Good on you guys. Old blocks old tactics. I don't it will change anything at the end.
You asked "
Where is Morabisi drilling results? Where are the samples? What is the results of the analysis?" They answered by GPP Update anns today again; "
Pulps are arriving at Nagrom Laboratory in Perth for analyses on a regular basis."
This is just a joke IMO. Hole 1 and 2 arrived long time ago. They should have got the results sos far. It should have been announced whether they are good or bad. But they always late to anns. the results. Same thing happened in Gov. Grant was rejected. We learned it was rejected from the Social Media, and we received it 6 days later. In the meantime stock was sold down. How come?
You asked "How much did GPP spend for OHD project and what was the value for shareholders?" They spend close to $5m so far and nothing is in hand. GPP was financing the US company Thermaquatica for only having the AU and NZ licences and selling the product to other countries. We have never seen the original agreement documents with Thermaquatica btw. What is happening we don't know.
Why do we keep financing Thermaquatica?
You asked "Aren't the current management and its executive officer Gerard King accountable for all mismanagement of GPP projects/finance and agreements?" The answer is of course "yes".
You asked "
GPP current management is acting like secret organisation, holding information from shareholders, and suddenly announced totally unnecessary CR! Why?" I couldn't find an answer for this. I am asking too; "Why"
Yes; GK has promised shareholders positive outcomes for shareholders via GPP announcements and he signed these documents. Where are the positive outcomes?
And yes; GPP management must produce positive outcome the current projects. Where are they?
I have no confident the current GPP management anymore. I am sorry.
Therefore I agree that the best for the Shareholders; GPP management should resign and handover the management capable hands ASAP.
Same here; I have full confident about OHD and Morabisi projects, these project can be profitable and value adding assets, if they manage appropriately with knowledge and experience.
All above in my opinion.
(20min delay)