Well definitely not what I was expecting considering it was brought to my attention that the company confirmed that they were in receipt of the 249D last night, and unless the RM's withdrew the 249D, the company advised it would have to be released to the market today if it wasn't withdrawn.....
Furthermore the recent dilution of via another placement was to provide funds for exploration objectives including Phase 1 of Kopang, so unless there is another "placement" "capital raising" "SPP" then I would be curious how they will be funding another acquisition.
This current management team have over the previous years diluted shareholders wealth by not being able to bring a project to fruition but slap me in the face again, we have got us another bazooka to fire up the shareholders with more promises of grandeur .......
Not sure on any legalities of what the company can/can't do once a 249D is served but I believe all correspondence is time stamped including documents submitted to the ASX this morning prior to the trading halt.
cheers
GPP Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
