GPP 0.00% 0.1¢ greenpower energy limited

Ann: GPP to acquire high grade Australian cobalt and vanadium co, page-103

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  1. 4,285 Posts.
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    I am very much surprised  by the new acquisition. It is actually a reverse takeover. I think it is very interesting and positive for the shareholders.

    • The most important and positive part of this anns is that GK has finally accepted to step down and give the control to business professionals. I believe that happened because of the pressure put by the shareholders including the 249D RMs.
    • The 2nd positive part of the anns is about entering the cobalt and vanadium space.
    • The 3rd positive part is the projects are in Australia.
    • The 4th positive part is the new directors look good to me. We will learn about them more later in the future.
    • And, GPP will commence drilling for Lincoln Springs Project on October 2018

    The negative parts or the questions remaining;
    • There will more dilution
    • No mention of Morabisi and OHD projects. I still believe these are good projects.
    • Are they going to farm out Morabisi?
    • Are they going to find new partner(s) for OHD project.
 
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