GPP 0.00% 0.1¢ greenpower energy limited

GPP a new beginning, page-461

  1. 552 Posts.
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    Be reaistic mate.
    A capital raise has to happen.
    Quarter ends 31st Dec.
    There will only be $1.1 million in cash left at end of this quarter.
    Administraion and corporate costs for this quarter are $352000 to run the co.
    The administration costs could be higher next quarter with extra heads to feed.
    By the time drilling starts (the drilling time lines have been changed 3 times to date),
    drilling is completed and assay results are recieved the next quarter will most likely be over.
    There may also be a delay on exploration permits.
    No co lets their cash run dry. The co wont be able to run.
    Normally, $1million is cut off and CR is executed.
    As far as the new guys loosing money, its just tough luck. Its a risk when dealing with a co with a poor performance for the past 10 years.
 
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