GPP a new beginning, page-79

First 79 Last

Share
Profile

Follow
Davy Boy

6,903 Posts.

997

11/07/18

16:49

Post #: 34281528
Share

Originally posted by fooca ↑

Totally agree with you here DB .....

GSM sold off their vision to an ill prepared/performing management team that was chasing the next big thing....
They have mismanaged, squandered, delayed, pottered around with the OHD project to the point of borderline incompetence, engaged so called "expert consultants" and the end result is ...........
Failing all that, it appears that a hasty deal to appease shareholders, to circumvent the 249D, throw in a "placement" to recipients unknown (at more than half the price of the placement 10 weeks earlier) under the premise of funding Kopang, Morabisi and a review of the OHD, claiming to have enough cash backing for an acquisition as well as their projects is plainly flawed - yep the share price is where it is solely at King and Co's poor performance bidding.

All we need now is ASIC to actually take a look at the complaints lodged and do something, one can only hope some sort of action/investigation takes place.

@Wilco25 suggest to have a read of this post that @tuts posted some time ago if you are looking for why the share price could of been forced down .....
https://hotcopper.com.au/threads/does-low-sp-perhas-suit-the-management.3863900/#.W0Sg2hL-hm8

As I said previously, the next Annual report to shareholders will make some interesting reading with the make up of the Top20 - not sure why you think that Bulesco got booted though, I wouldn't be at all surprised if Xcel Capital were the recipients of the latest "placement" hence his sudden resignation from the board avoiding having to submit an Appendix 3Y.......

I do note with humour that a 249D can be rejected (reason/s not disclosed) albeit maybe a technicality by the same person that can release a flawed announcement ......

View attachment 1188072

ALL IMO only
cheers

Expand

@fooca the other interesting point to make is a few days/weeks ago they put Matt on the board....a few days/weeks later he gets kicked off again......IMO it shows that this deal was quickly done and IMO has very little value in it. DB

GPP Price at posting: 0.6¢ Sentiment: None Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

MLG

Flynn Gold reaches milestone exploration target for Golden Ridge

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

MLS

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

INA

Imugene kicks off Australian trial for blood cancer treatment

There are more pages in this discussion • 484 more messages in this thread...

First 79 Last

Add GPP (ASX) to my watchlist

GPP a new beginning, page-79

Top Stories

Trump is President Again: What Does This Mean for Crypto?

HotCopper Highlights: Your most watched and most discussed stocks this week

Flynn Gold reaches milestone exploration target for Golden Ridge

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Universal Biosensors flat despite fresh deal with US medical product distributor

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Imugene kicks off Australian trial for blood cancer treatment