Unmarketable Shares Buy Back, page-3

Its been the MO of this and the precedent company and board........
Some carats thrown out, Antimony being the "new" carat - discussions get deflected on the real issues with some added value to the project of $125 / ton increase in revenue from Antimony - plus it will attract government credits? Versus concentrating on the gold and getting it out of the ground with the current price hovering around A$2,600 oz ~ convert that to tons versus the $125 for the Antimony

It is normal practice for company's to clean shop, it is probably one of the things I vehemently dislike, it should be a case of ~ if the company achieved shareholder wealth creation then a sale of small parcels wouldn't be necessary. Citing it reduces the costs of running the register, etc ~ how about taking a pay cut instead

October 2019 a slap in the face of share holders as the SP was languishing @$0.001 and a share consolidation 10 - 1 got it back to $0.01c post consolidation.
~ June 2019 there were 1,455 holders of less than marketable parcels,
~ June 2020 there were 994 holders of less than marketable parcels - at a SP of $0.021
~ June 2021 there were 1,276 holders out of 2,693 holders of less than marketable parcels - at a SP of $0.01, which equates to 43.38% of shareholders of GNM having a less than a marketable parcel of shares!!
~ with the current share price or the indicated share price of the sale facility being $0.006 equates to a minimum share holding of 83,333 shares, but given the current share price @$0.005c means that the minimum saleable parcel is 100,000 shares. Using the latest available share structure from the annual report (this will be out dated though, as there has been capital raises since) there is 1,656 holders out 2,693 holders that fall into the unmarketable parcel or a massive 61.49% of the registry!

All it has done since has been in a steady decline since the consolidation BUT post the consolidation and over the same period: Oct 2019 the SOI was 2,302, 245,290 consolidated to 230,224,529 to the current 1,709,050,975 FPO / 2,478,232,878 fully diluted SOI.

So as much as there has been commentary of "new company" (from GPP to GNM) & "new management" (not all are new) nothing has really changed, modus operandi is the same, chase hot commodities, drag their feet, raise funds to support a lifestyle!

cheers