they have plenty of cash

First 41 Last

Share
Profile

Follow
shift

7,196 Posts.

25

05/07/18

11:58

Post #: 34157721
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

they have plenty of cash

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

0 Great analysis

Reply

Top Stories

HotCopper Highlights: Your most watched and most discussed stocks this week

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

INA

Imugene kicks off Australian trial for blood cancer treatment

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

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

MLS

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

MLG

Flynn Gold reaches milestone exploration target for Golden Ridge

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

UBI

Universal Biosensors flat despite fresh deal with US medical product distributor

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive

There are more pages in this discussion • 80 more messages in this thread...

First 41 Last

Add GPP (ASX) to my watchlist

they have plenty of cash

Top Stories

HotCopper Highlights: Your most watched and most discussed stocks this week

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Imugene kicks off Australian trial for blood cancer treatment

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

Trump Victory Sends Bitcoin Surging Above $75K – Is $100K Next?

Metro Mining inks bauxite offtake contracts into 2026 with Chinese m

Flynn Gold reaches milestone exploration target for Golden Ridge

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

Universal Biosensors flat despite fresh deal with US medical product distributor

Week 45 Wrap: Combat sports usher in Trump 2.0 – or is it male insecurity?; RBA boring; Propane suggests China alive