GPR

6.25%

3.4¢ geopacific resources ltd

Ann: Quarterly Cashflow Report, page-10

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nsw004

2,125 Posts.

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02/11/17

18:47

Post #: 28450302
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Originally posted by Rhama ↑

Hi 004,

thanks for the article. Interesting read and IDK certainly have my interest. I understand what the article writer means by making money out of hype. I've missed a few good opportunities because I haven't recognised this angle, although much more in tune with it now. Not that I'm saying IDK are in it for the hype, far from it. Nail the right blockchain company and the sky's the limit. Certainly watching them but don't have much free cash at the moment.

This is one reason I'm invested in GPR. I've had - and still have - a few species that survive purely on potential, but GPR seem far from that. Like you say, a longer term investment, which is coupled with good tenements and management team. They've been a bit of a grind lately but I anticipate that while some of my other investments may swing wildly, GPR should be pretty steady. Although that JORC and future mining should provide a rocket. Not to mention what exploration drilling might do.

Also, to the poster who's worried, with GPR's contacts within banking circles I wouldn't expect a capitol raise to fund mining and a processing plant. In my opinion it'd be much more likely to be debt based. GPR would have to raise multiples of what their currently worth and that seems a bit excessive to me.

Cheers

Rhama

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Hi Rhama , had a look at St George Mining SGQ. The mgmt looks good, every thing depends on drill results , drilling started recently on Oct 26 I think. Scrip looks a good bet .

GPR Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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Last 3.4¢		Change 0.002(6.25%)		Mkt cap ! $25.17M

Open	High	Low	Value	Volume
3.3¢	3.4¢	3.2¢	$3.311K	101.1K

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No.	Vol.	Price($)
3	928000	3.1¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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3	350000	0.010
3	7942227	0.009
1	80000	0.007
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Price($)	Vol.	No.
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