Ann: GPP to acquire high grade Australian cobalt and vanadium co, page-34

First 34 Last

Share
Profile

Follow
Davy Boy

6,903 Posts.

997

05/07/18

11:19

Post #: 34156218
Share

Originally posted by Davy Boy ↑

All I see when reading this is CR CR coming and dilution.
The thing that is really p ssing me of is there is no explanation given in regards to OHD and our Guyana commitments..... Surely the passing over of Guyana is price sensitive??? Surely after more than 4 million spent there should be an explanation given why OHD has seemingly been dropped? Anywas a few number below for your perusal......I think we are being raped.

Ion have an option for 70% only of Lincoln Springs so the most we will ever have is 70%......but remember
Phase 1=40% ....so 40% of 70% = 28%
Phase 2 = 70%
Phase 3= 100%
I have converted all phase 1 in to cash as the sp is known for the shares.

Phase 1 = $1,085,000 plus $500k spend on exploration before being able to move to phase 2......so effectively $1,585,000 to earn 28% of the Lincoln Springs and 40% of the others.

Phase 2 = cash $310,000 + $1,500,000 spend on exploration.....
shares $550K worth at the 30 day VWAP
So far our spend is $3,945,000 for
100% of Ashburton
49% of Lincoln Springs and
100% Julia Crk which looks like no work at all has been done on.

Phase 3 =cash 150k + $250K for Ashburton licence being granted [ outright purchase]
Shares =$1,050,000 at 30 day VWAP
So for 70% of the flagship project, Lincoln Springs, with a couple of pretty lame looking potentials on the side we will be up for a grand total of
$5,395,000
It does not look like a bargain to me. aimo DB

Expand

Slight correction Phase 2 should be 70% for Ashburton and Julia Crk not 100%. DB

GPP Price at posting: 0.7¢ Sentiment: None Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

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

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

NHF

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

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

ACW

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

There are more pages in this discussion • 87 more messages in this thread...

First 34 Last

Add GPP (ASX) to my watchlist

Ann: GPP to acquire high grade Australian cobalt and vanadium co, page-34

Top Stories

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

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Burgeoning NZ insurance claims drive 1H25 operating loss for nib

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

Actinogen receives $9M R&D tax rebate to fund Alzheimer's trial

Featured News