Ann: Capital Raising, page-31

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nondiscrypt

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06/06/18

12:16

Post #: 33528667
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Originally posted by anatol ↑

@Glyco
I have found it out the reason they are issuing over the capacity. See page 5 of the "Notice of General Meeting" anns. on April 2018. They reset the share issue capacity on Resolution 1 even though they showed on the share issue capacity as 16m on April 12. We did not realise that term.

The 155m shares placed to the sophisticated investors was considered as they were approval of shareholders and not counted in the share issue capacity.

Morabisi is great place for finding for lithium and other new energy minerals ........ but this management has no capability to manage this type of project IMO.

Also, the OHD project and its agreement is not right. It has a lots of glicks as it was explained here before.

GPP paid a lot money to Thermaquatica (spent over $4.5m for the project according to their webs site) and will spend more from here.

Thermaquatica has no other licensee other than GPP according to their website...... Only GPP.......!!!

Who is Ken Anderson ....... the CTO of Thermaquatica.....!!!
He received his Ph.D. in coal chemistry from the University of Melbourne, Australia, in 1989.

Why did GPP paid @2m to his company for getting a licence which will last for 15 years ..... and making all the research and trials, even building a PDU for them.

Why GPP is giving so much money and advantage to Thermaquatica ...?

I can't find the answers of these questions. If anyone can find please help me.

Expand

They may not have any other licensee's however they did mention in the 31 December 2017 1/4ly report that PDU1 is not dedicated to Greenpower tasks.

Which perhaps is part of the problem with procuring enough liquor for trials (notwithstanding the cost of transport)?

Last edited by nondiscrypt: 06/06/18

GPP Price at posting: 0.6¢ Sentiment: None Disclosure: Held
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Ann: Capital Raising, page-31

Top Stories

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Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

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