perfect storm

Looking at the responses to the latest thread, it seems GTP really is in the perfect storm of negative sentiment.

Sympathise with tree/ cattle investors who have done badly but to some extent you have to take responsibility for your decision to invest.

Today's announcement now says that the 300 million shares to be issued gives GTP access to cash flow from tree land bank of $117m and cattle and cattle properties of $290m. Now even if we discount by 25% that's still $300m of assets that can be realised over coming years.

Asset backing now $1.16 despite issuing 300 million shares.
Admittedly this is probably on high side but still way above 18c GTP price.

Over the next 6-18 months, I suspect they will sell a good wack of these assets and give the GTPGA/GTPGB holders offers to buy out. That will stop the massive dilution that will occurr if those are ever converted with GTP around 18c.

In the long run that will be good for GTP unit price but not sure whether i want to be in that class. For me GTPGB/GA are way to go.