GPN greater pacific gold limited

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  1. 1,580 Posts.
    GOOD QUESTION MY FRIEND - THERE ARE A FEW THINGS IN LIMBO WITH THIS COMPANY. OTHER THAN THE FACT THAY HAVE A LOT OF HIGH GRADE VANADIUM, THE DIRECTORS ARE RETHINKING THE STRATEGY, WHETHER OR NOT TO RE-FLOAT YRR OR ANOTHER FEW OPTIONS. GABANINTHA WILL MOST LIKELY GET IT'S BEST CHANCE IF THEY DO A SPIN-OFF. UNTIL THE NEW STRATEGY IS ANNOUNCED BY THIS JUNIOR EXPLORER, THINGS WILL BE UNCERTAIN. THE REASON YOU BOUGHT THEM AT 1.6, BUT PAID 2.3, IS DUE TO THE VALUE OF YOUR BONUS SHARES IN YRR, WHICH YOU NEVER RECEIVED. IN MY OPINION IT WOULD BE GOOD TO RE-FLOAT YRR, IN THE HOPE THAT THOSE "WOULD-BE" BONUS SHARE RECIPIENTS LIKE YOU, WILL STILL GET THEIR ALLOCATION - BUT THAT IS JUST A THOUGHT. THEY NEED TO DRILL, PROVE A JORC COMPLIANT RESOURCE AND SELL TO A BIG STEEL PRODUCER - PLENTY OF DEMAND BY THEM. ALL BE BE EXPLAINED SOON.
 
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Currently unlisted public company.

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