GSR 0.00% 1.1¢ greenstone resources limited

winner of the chook raffle is Mark Creasy, page-3

  1. 167 Posts.
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    It will be interesting to see what structure they go with if Creasy does get involved.

    If they wanted to keep liquidity in the project (i.e. keep it listed on the ASX) then either CNJ or BAR would be the logical vehicle for this rather than go through the entire listing process again for the sake of bringing in a 3rd party (Creasy).

    Or someone could take it out completely i.e. Creasy buys the whole lot & develops although this is not usually his style from what I've seen over the years.

    You could roll everything into CNJ & issue shares back out to both BAR & Creasy representing both their respective holdings - that would be cleaner as this is CNJ's only asset to my knowledge whereas BAR has its Gold Assets in the mix.

    I think the Capex funding will play a strong part in determining what they go with......time will tell.

    Both CNJ & BAR have their AGM's coming up next month about a week apart so it will be interesting to see if there are any updates on the JV prior to then.

    I would expect something, it would seem highly unlikely for shareholders to rock up with nothing more than what we know today.

    Cheers
 
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