Sugo,I had a discussion with JG before I purchased my stake in...

Sugo,
I had a discussion with JG before I purchased my stake in the GPNOB shortfall offer. He was understandably very reserved about what the company was planning but I got the impression that they have some good things up their sleeve which could evolve some value for the company and its shareholders. I have traded gpn a couple of times over the years and it's probably the most speculative of my investments and I think from reviewing the trading data from the last 12 months for GPN that my timing could be pretty good as market sentiment has sold the stock down to close to historic lows. I think , apart from the GPN tenements and jv's and any expansion of tenements or acquisitions or JV's that might be in store, the holding of GPN in Yellow Rock's Vanadium represents good value to me through the GPNOB because of the very cheap entry price of .0025c and leverage being option 2011 expiry.
The vanadium exposure through GPNOB (and therefore YRR) and some Uranium comment in the Courier Mail today ,about the purchase of Rio's Uranium tenements, also suggest there is value in uranium stocks which I had previously not allocated any value to recently, because of the fed and state gov policy on U, but this seems to be changing slightly and opening the door ever so slightly.
I also note some minor interest in the YRR market depth this morning.
It will be interesting to see if the buyer of 2.9m GPN at 1c goes through at the open as well as there has been some increased buying in GPN. I'd anticipate that the GPNOB should follow as well and move higher of GPN starts to move into the sell levels at 1c and above and if the GPN sell volumes continue their recent decrease as buyers have been taking them up at .009c. It probably has mostly to do with the anticipated YRR vanadium resource announcements which are due soon.
There is an article about the value of Australian Uranium tenements in today's CM but I can't find it appearing online but from yesterday's CM....

"July 10, 2008 10:20am

RIO Tinto will sell its Kintyre uranium project in Western Australia to a joint venture consortium for $US495 million ($518.3 million), as it moves closer to completing its $US10 billion asset sales target for this year.

The sale of the project to subsidiaries of Cameco Corporation and Mitsubishi Development is expected to close in August.

"This sale brings us closer to achieving our asset sales target of $US10 billion in 2008, and is the third under a planned program to divest at least $US15 billion of assets in total,'' Rio Tinto (rio.ASX:Quote,News) chief financial officer Guy Elliott said in a statement.

"It illustrates our ability to obtain real value for our assets.''

The transaction follows the sales earlier this year of the Greens Creek mine in Alaska for $US750 million and Rio Tinto's interest in the Cortez operation in Nevada for $US1.695 billion.

The finalisation of the transaction is subject to the satisfaction of customary conditions and certain agreements with the Martu People, the traditional owners of the land.

Kintyre is located in the East Pilbara region of Western Australia, approximately 270km north-east of Newman and 90km south of Telfer, on the south-west margin of the Great Sandy Desert."