Ann: Becoming a substantial holder, page-33

Whether it is a class action against Directors or Section 249D is essentially the same thing IMO - a class action itself against Directors I think will result in the Directors using the resources of the company in defending themselves so why not go all out and remove the Directors in the first place. And during the clas action I am sure they will still remain on the BOD and the point is the current BOD shouldn't be running GPP. GPP doesn't have time on its side IMO given the complete lost of confidence by the market in GPP (caused in significant part IMO by the actions of management itself of over promising and completely under-delivering, just look at OHD). Getting rid of the BOD or having new blood on the BOD is the priority here IMO if SH want any hope of 'upwards' here because without change GPP will eventually die a slow death IMO. A 249 is also in the markets face as against a class action that will take years to settle IMO, noting I can't see the 249 working given current SH ownership in GPP but a message needs to be sent by SH that current management is not up to the task. I personally believe if the existing BOD did have a good look at itself over performance it would sack itself, but that might require admitting your failures and realising you are not up to running the company (and egos IMO in business are often divorced from reality).

Agree the company should return to its roots and focus on OHD for the next year or two. That should reduce spend and maybe if get OHD up might return confidence here - that is under this management I doubt the SP will ever recover until they actually deliver something. In terms of Guyana, the drill bit did the talking at Turesi but their handling of drilling per se and over-bloated statements about size and comparisons to the Pilbara I think would make anyone weary of anything they say with any other pursuit in Guyana and their understanding of mining/exploration/geology itself going forward. That is they can move to finding cobalt but I doubt any investors will respond without new management, and whoever replaces the existing BOD needs to be someone respected by the market (i.e now don't imply that means I don't support the current 249D desires of SH here now as a non-holder, you need to get rid of the existing BOD and then replace it with someone the market may have trust in so the current action of those seeking the 249D I think is all about removal rather than installing themselves long term so I guess those doing the 249D should clarify their long term intention because I am assuming they have no intention of running the company long term if they succeed in their aim). BTW GPP can yabber cobalt etc, but there are other plays on the ASX for cobalt and vanadium so I doubt people will invest in GPP should it move to cobalt exploration under existing GPP management (a healthy brand of skeptism is what you would think this time round based on GPPs history of over promising and under delivering).

In other words, under this management trust is shot - even if it sought to rebadge as a shell pursuing say cobalt well I doubt it would get the market confidence back with the current management. OHD, well a lot was said in that area around a JV right at the start, can't remember with whom, from recollection and yet that did not eventuate as well so the market will be weary of this management whatever they decide to do with GPP. The fact the current BOD cannot see its own issues is a problem in itself IMO - new blood in GPP is needed.

In other words GPP is a dead man walking with this management so they need to go IMO. The 249D simply is a mechanism to that end - a more direst mechanism than a class action. New blood on the BOD is required and the BOD itself needs to go. Or another way to put it a politician who doesn't know when it is their time to go ultimately gets thrown out by the people who believe who they have voted for is better than the incumbent. In this case, if King doesn't understand this then I suspect GPP will die a slow death and there is little hope of those SH waiting for SP recovery to ever see that. Hopefully that conveys my thoughts. All the best to SH. All IMO IMO IMO

I think King is too old to run a company and the rest of the BOD hasn't demonstrated value - the whole lot need to move on. He needs to let go so that whatever is left to salvage in GPP can be salvaged by someone new, or else I doubt there will be anything left to salvage here in say a year's time under this BOD. Maybe an option would be for King to continue to work on OHD but not as a BOD member, but if he is to remain involved in GPP certainly he shouldn't be in any position IMO to influence any BOD decisions because he should not be a member of that BOD. GPP need new management because the market has lost confidence in the current crop and SH and investors have lost trust in anything management is saying in GPP. Pretty simple too me but how it is resolved is the issue here, and there is no easy solution IMO

All IMO IMO IMO

This is my final post on the issue itself, because it is a difficult issue but it is obvious too me the current GPP is not up to the task IMO IMO.