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3.4¢ geopacific resources ltd

Ann: New results from gold discovery at Woodlark, page-23

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06/03/18

19:50

Post #: 31570036
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Originally posted by Shoelace2000 ↑

I am not sure that GPR does have 90% of KGD, latest Change of Substantial Holding Notice on 13 Oct 17 (https://www.asx.com.au/asxpdf/20171016/pdf/43n84dpgmg0p68.pdf) indicates 84.5%. I am not sure that GPR actually own that proportion of the asset either because they still have expenditure/drilling commitments to reach the next ownership milestone as far as I am aware. Messy ownership structure as it is now so it would be in everyone's interest to get this sorted out. There is massive value to be gained from this project which is getting better every month - looking forward to further updates from GPR who are doing a great job of expanding the resource.

(Disclosure - I am a KGD shareholder)

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Yes, I should have been more clear that they fulfilled all requirements to own 91% of Woodlark, as confirmed by KGD announcement on 23rd Feb. If resource estimate exceeds 1.2 million, then GPR will have 93% of Woodlark.

Agree the uncertainty has affected share price OF GPR this last year but assuming a positive JORC, as foreshadowed by GPR, the price is likely to kick.

Also looking forward to the next issue of Gold Mining Journal:
https://m.facebook.com/story.php?story_fbid=1757748374283962&id=1354854584573345

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GPR Price at posting: 3.4¢ Sentiment: Buy Disclosure: Held
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