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.
GPP Price at posting:
0.7¢ Sentiment: None Disclosure: Held