The ASX have finally woken up to the GPN saga and are circling in their wagons. For those who do not know what I am talking about the ASX issued a notice requesting GPN to confirm that they had sufficient funds to last until the end of the quarter (March 08).
GPN responded that there expenses are minimal expenses now due to them not doing any drilling anymore and therefore could remain solvent. Not drillig anymore? No income? What exactly are the directors being paid their very impressive salaries for? Maintaining a holding company?
Haha I can not understand how anyone could continue to invest in this stock after notices like this are being issued by the regulator. Remember guys 10% of an investment is better than nothing. I assume the rampers of the stock are still around and will say the ASX do not know what they are doing and this is great value at the moment.
Maybe next week guys. How exactly any value will be added is beyond me. 2 billion shares on issues, very poor gold results, very poor uranium results, diluted vanadium asset to 20% of initial holding and virtually no cash. Yeah big things are definitely around the corner.
I am the Iceman!
GPN
greater pacific gold limited
