Originally posted by Process1
Dear GPP Shareholders,
I am one of you and try to be logical for my approach of you and GPP new management. My intention is not undermine any of your opinion or wasting your time. I have only one objective; have a good return for my hard earn investment.
Once again I would like to suggest all GPP shareholders/victims/lucky & unlucky ones have a ceasefire for while.
We need to make sure GPP BOD members can act on behalf of GPP shareholders as we expecting..
Yes many of us have very bad years because of GPP BOD`s mismanagement. We did not get what we expecting, I don`t regard any of share holders are rampers or misleading the others, if it is the case then the rampers can shoot themselves.
Yes CR has not got it`s merit, If there is CR then we can ask justifications for this.
we all wish to see GPP take a good steps towards right direction, we would like to see GPP management take necessary action to assure the shareholders.
As you can see ASX and global stock market are struggling, if anybody complete 2018 with breakeven, congratulation.
We don't have many options to recover what we lost, currently the only viable option is to let the new management act and prove themself. The other options is to take over the company, it won`t be easy. Managing the company is also won`t be easy.
We can put pressure on management, we can frequently communicate with them, we can check the new and old projects and provide feedback about these projects. We also discuss all technical and financial matters among ourselves.
We all would like to see;
1. A efficient financial management
2. Progress report about OHD project
3. Drilling commitment for cobalt and vanadium at Q1 2019
4. Information about the previous projects
As a results of proactive project management, acting what promised and effective communication can have positive impact on SP.
If cobalt and vanadium market globally still be good, if GPP has good grade of energy metals, if OHD has got market, if any of projecta viable in Guyana then GPP will be one of good stock in ASX. I used many "if". The reason for this we are not sure about new board members style. We all know they have a good intention to develop and execute the projects.
We have to give chances to new management and support then as much as possible. Then we can determine their real color.
There is another option is we can sell our shares with current SP, lost all our investment forever. What else we can ask and have it? The reality is we don't have many options...
If we wish to have good return for our investment we should leave our differences for a while and concentrate how we can achieve our ultimate goal together.
Regards,
1- There is no fire to then suggest a ceasefire. What we have here is people with questionable past continuing on the same tangent, whose overall trajectory was tragic. I have every right to ensure they don't get away with it. This is what this forum about.
2- I have not been critical of the management. I have been critical of the dubious way they got their foot in, hence there is ground to question their objective.
3- Objective that is, and there should be a clear demonstration of that objective; systematic, transparent and proactive. Giving different impressions of OHD for example, is not a reflection of this (despite
@anatol telling us one thing - annual review dud NOT tell us it is a GRAND project on the go)
4- Given the history of this company (remember wjo installed this "new msnagement? GK who is still sitting there), it is VERY REASONABLE to say that they cannot be trusted with a CR never mind that CR has only driven SP down for GPP. I am NOT giving them a single cent. Thos "new" management started with about $3mil in the funds (after all that was their opportunity to get monet for THEIR project). If they are any capable they should be able to do something with that before asking for money (CR) to explore on another district scale nothing (AKA Kopang).
4- Sending the company "communicatiobs" is NOT putting pressure on. It is FOOLING ourselves, that is if there is no Matt responding with what you want to hear! The ONLY forms of pressure are:
a) Cut supply of their salaries by not participating in CR unless there is CLEAR evidence there is work being done and a PROPER PLAN - Not GK taking an OHD site pic playing pocket billiard.
b) Not vote for their renumerations. This has been happening more and more across ASX even with companies like GPP in which management has large shares/voting power. See rules for "First Strike".
c) Send complaints to ASIC as soon as they put a foot wrong. You cannot afford this mob to go too far with their nonsense.
All the above is NOT criticising the management, is NOT undermining them. It is simply ensuring they do the right thing and being held to account/task, ultimately for the better of SHs.
