GNM 4.17% 1.2¢ great northern minerals limited

"Previous to this they were essentially a Coal Explorer and...

  1. 6,750 Posts.
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    "Previous to this they were essentially a Coal Explorer and Liquid Hydrocarbon company".
    Not necessarily so, CTL has been an ongoing thing for some time now, but it is more to do with highlighting the fact there has previously been concerns that GPP cannot get a project to market, but has also struggled to garner any interest in it. It is also a highlight of the way we were "only a coal miner/liquid hydrocarbon company" but like the analogy of the "kid in a lolly shop" they keep chasing the shiny, sparkly things without actually getting anything to market and increasing share holder value. Their business model and MO hasn't changed since the IPO to list on the ASX , try this and get a grant for that, ohhhh dear we need more capital to keep running, oops NO INTEREST in out project, sell some assets, rinse and repeat.......

    Not only does the product work but at a significantly lower cost than other rivals.
    The cost savings are contentious as there was differing values compared, IMO.
    The product works to a degree, until it is proven in field trials then it may be a hard sell to get interest.
    So why hasn't there been a "Pilot Plant" build commissioned yet? I mean we were building it in 2013 / 2014 / 2015 and goodness knows whenever else they mentioned it.
    Why is it we will possibly need 1 to 2 years more trialling before GPP are satisfied or we actually have a product that we could sell to the market? In the meantime our competitors are progressing........

    All IMO but just saying that there is a change of landscape doesn't cut it anymore as the agreement with GE to start testing VBC was 5 months AFTER the Thermaquatica MOU was signed.........
    http://www.asx.com.au/asxpdf/20130801/pdf/42hfn2bm3xdfbc.pdf
    http://www.asx.com.au/asxpdf/20130305/pdf/42dg5ccpwvkvzx.pdf

    There again the was a change in landscape as the OHD project {which was incidentally GPP's main focus} had been going for 3 or so years, and then we moved to Lithium. The 5 Lithium results may have been acceptable for some, and it may still be proven that it was a wise choice but while the OHD project is "lots of work in the back ground" and the Lithium will take considerable time to plan/execute etc, another LOLLY pops up, in the NT Brine and Potash.
    OM gosh the share price is floundering, woot woot MAJOR REE (LOLLY) DISCOVERY
    In the meantime, timelines for the PFS have run past the end of 2016 and it is now 9 months later and it still hasn't appeared, surely you must ask yourself WHY??? Other than we needed to change it to a Commercial Plan because we can't get any investor interested, and we will try pitching it to the government for co-funding.....

    Maybe your right, the landscape does keep changing, but as yet, no PROJECTS have moved past the trialling stages......... 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016.... nothing, 2017 might be the year....


    Hopefully some news soon on one any one of the projects will do.......
 
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