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Ann: Quarterly Activities Report, page-32

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Davy Boy

6,903 Posts.

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23/04/18

22:42

Post #: 32641585
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Originally posted by fooca ↑

@Davy Boy
HotCopper is an open forum site to discuss shares, when the company are trying to run multiple projects inevitably they will release multiple announcements in relation to their different projects.
I know that everyone wants to just concentrate on the Lithium, the drilling started/completed, pictures (that don't really give an indication) pending assays and just all feeling good about GPP.

Unfortunately, all is not good at GPP and I would of thought you for one would of been disappointed with the outcomes or lack of in regards to the OHD project (considering, you like I brought into GPP for the OHD). Even more disappointing was the OHD project information was buried in the "Quarterly Activity Report" versus the company trying to keep interest in its share by releasing "Drill has arrived" "Drilling has started" "First Hole Completed" and some "Field Photo's" where basically all they were required to do was announce that drilling had started, then release the first hole assay when it becomes available, but none the less they are actually listening and plying us with information, so kudos.

The fact that the OHD project success (near term) is now hanging on whether GPP's CRP-C application is successful, not to mention the anticipated broad acre field trials being put back, and reliance on the USA PDU being able to run enough to produce adequate Bio-Stimulant liquid for field trials but bearing in mind that it isn't dedicated to GPP - all make the viability of OHD to be now questionable.
Plan B would be??? if our application is rejected again, and quite honestly I think that will be the outcome unless GPP's OHD exerts can sell the project to the government funding body better than they have to its shareholders, because I for one are now doubting if GPP can actually pull it off.

The shareholders that brought into GPP for the OHD - into the bottom drawer or hopefully the drills hit a bonanza, we can flog Morabisi Lithium off and fund the OHD project and go play at Kopang.

@tuts The coming General Meeting is a necessity to ratify the issuing of Placement Shares, Placement Options and SPP Options to non related parties and SPP options to related parties under ASX listing rule 7.4. Your asking shareholders that took part in the Placement or SPP to forgo the free attaching options will not happen and rightly so. As well the directors that participated are entitled to their free attaching options, so that won't be happening either, the only options I disagree with is the ones to Xcel Capital (they received approximately $250k for the Placement and SPP)

All the above IMO only

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@fooca of course I'm disappointed with how OHD has played out.
The company changed focus to lithium and I decided to stick around....no one to blame but me......the fat lady hasn't sung yet though I don't think.
Will GPP be a lithium miner or produce the whole suite of chemicals OHD can produce? I doubt they will or can do both.
I have zero insight into whether GPP will be successful with any grant.....will they even continue whilst digging for lithium? The problem I see, and have said so before, I think the house has been bet on a lithium discovery and I really don't want to think what will happen if we don't get something from a 1 million USD campaign.
I can't change it so I have 2 options....sell or hold....for now I hold with everything crossed! DB

GPP Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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