GPR geopacific resources ltd

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Reinstatement to Official Quotation is particularly encouraging...

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31/05/22

20:33

Post #: 61737717
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Originally posted by jogo: ↑

The announcements give a strong indication from the Board that they consider the best way of realising value to shareholders is by way of divestment/merger. With current cash on hand of $28M and no debt, I get a value of $20.2/oz for the EV to Resource. That is pretty attractive for someone to pick up and develop, given that all the approvals are in place along with a certain amount of infrastructure development and delivery of equipment.
I can see that doubling the SP will still make an attractive price for a takeover. The sooner the better, so far as I am concerned.
Imagine the market response if they try and raise equity to have another go? Apart from the fact that putting together another BFS will take 12 months or so..
The project is definitely saleable and worse cases have been taken over and proceeded with. If competent operators are involved, I may even stay with the new owner.

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Reinstatement to Official Quotation is particularly encouraging in that regard as it gives credence to director disclosures that have occurred today and, thus, confidence to a potential acquirer that Bantock has cleaned up a good deal of the mess left behind by his predecessor i.e. what you see is what you get.

GPR Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 2.8¢		Change 0.000(0.00%)		Mkt cap ! $89.10M

Open	High	Low	Value	Volume
2.9¢	2.9¢	2.8¢	$7.018K	242.2K

Buyers (Bids)

No.	Vol.	Price($)
2	67258	2.7¢

Sellers (Offers)

Price($)	Vol.	No.
3.1¢	554000	2

View Market Depth

No.	Vol.	Price($)
2	67258	0.027
3	531961	0.026
2	2200000	0.025
3	925041	0.024
1	500000	0.023

Price($)	Vol.	No.
0.031	554000	2
0.032	100000	1
0.033	360000	2
0.034	300000	1
0.035	530251	2

Last trade - 15.56pm 25/07/2025 (20 minute delay)

GPR (ASX) Chart

Reinstatement to Official Quotation is particularly encouraging...

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Buyers (Bids)

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Featured News

Reinstatement to Official Quotation is particularly encouraging...

Top Stories

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Renascor produces graphite concentrate at Siviour, right on time to meet ex-China demand

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Buyers (Bids)

Sellers (Offers)

Featured News