Hi to all
…. and I have been looking a little at Green Technologies Metals - the Canadian - (Northwestern Ontario ) project Jules mentioned in the AGM presentation on 30/11/21
Here’s the relevant slide: [2021 AGM Presentation]
In his accompanying conference call Jules used GT1 as an example of one of the new kinds (owner-operated?) of projects potentially offering value for shareholders via expanded directions that ‘new’* NRW might proceed in the numbers worked.
*NRW now offers a diverse range of METS capabilities gained through the acquisition of RCRMT, Diab Engineering and Primero in the last few years
Primero is a cornerstone investor in GT1.
Currently it holds 10,156,250 shares in GT1 or 5.14% of the company ….. and I think were purchased in the initial public offering at 25c a share (a total of around $2.5m? … {I guess we’ll find out in the next financials})
Prior to NRW ownership, Primero has been (or is still) invested in other junior minerals companies, some of which have been already posted about in the [Primero Focus] thread;
- Suvo Strategic Minerals (WA kaolin and silica) and Barton Gold (South Australian gold project) are two that come to mind.
In the case of Green Technologies Minerals Cameron Henry, the MD of Primero, is a non executive director and according to the GT1 — [08/11/21 GT1 Prospectus] — he was invested pre-IPO
Anyway at the AGM Jules seemed to me to be quite interested in pursuing a model of early investment in other companies if Green Technologies Minerals works out.
On Christmas Eve the closing price there was 44c so I guess, so far, it is working out — on share price appreciation alone.
…And - as always - further thoughts/contributions/corrections to what I’ve posted are very welcome
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(20min delay)