Zeus,
If you want to make a good comparison, have a look at the announcement GPN released on 4th April 2007. You will notice that the tenement acquired a few days ago is very similar to these tenements. They are adjacent and neither has any drilling information available. In actual fact the only information available on the tenements in the announcement on 4th April 2007 was on neighbours in the vicinity. The size of all tenements was consistent with 700km2 (4th April) and the recently acquired tenement is 250km2 (20th July). The 250km2 cost $650, where the 700km2 cost $3 million dollars.
Theory, before 4th April 2007 Mr X through a shelf company purchased two tenements for roughly $1,300. The shelf company is then merged with GPN FOR 55 MILLION SHARES AND 55 MILLION OPTIONS (total price around $3 MILLION DOLLARS). The questions I would be asking directors if I still owned the stock is how they thought this deal was in the best interests of shareholders?
These are merely the facts available to us, I am not trying to slander anyone.
I hope that I am wrong and happy to hear other theories. It seems pretty obvious to me that something very unusual has occurred. I don’t think you guys have heard the last of this as I am sure someone will complain to the regulator.
Please prove me wrong as surely it could not be this bad.
I am the Iceman!
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greater pacific gold limited
Zeus,If you want to make a good comparison, have a look at the...
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