Management, page-113

Good evening @anatol - a response to the first part of your questions.

Lets get one thing clear, I am not making any aspersions towards management at all:
1: It would be in a direct breach of HotCopper TOU and its Defamation Code of Conduct and as such it obviously isn't otherwise it would of been moderated, with/without a suspension and/or a warning.
2: Defamatory allegations on public forum sites can/could result in legal action being taken against the poster and HotCopper.
So lets not try to entice me and put your slant of what I posted or trying to put words in my mouth, the post contains factual information all taken from either GPP, ATR or EPG's (now trading as FZR) ASX released announcements.

Comments by myself within the post are all IMO only, the list of past events and performances is flagging a Modus Operandi of a company shuffling between projects (chasing the next good thing in an “at the time” hot commodity market) then abandoning projects but ultimately achieving no shareholder value, and it is a reflection of the management as it is illustrated in the most recent time line events of 2016/17/18 they are doing the exact same thing.
As an example of chasing the next big thing:
Flavelle retires was announced 4^th July 16, with the company citing “the board regrets that the current investment climate has not enabled funding of the complete development of the CTL project, which has led the company to have to search for additional investment opportunities to provide value for share holders.” BUT on the 29^th July some 3 and a bit weeks later, they raised funds through a placement!! Part of the purpose of the issue was to further evaluate its mineral permits and working capital, and 2 months later they signed a Binding Heads of Agreement for Morabisi, Lithium is in hot demand, lets try that!!!! Guess the investment climate took a turn for the better in that short period?

Also take into account, from the Full Year Statutory Accounts (Year Ending June 30th 2016)
"The principle activities of the Group during the financial year related principally to the development of its Coal to Liquid project while maintaining core exploration licences with the potential to supply feedstock and integrate with the Coal to Liquid project".
https://www.asx.com.au/asxpdf/20160930/pdf/43bmj8prqk8jvh.pdf

Doing you own research is paramount to successful investing including the performance of management, and to this end I was guilty of not doing enough prior to investing a modest amount of capital in GPP, (which I openly admitted to in post # 27852555 , see below)
“I have previously openly admitted that I failed to do enough research of the OHD project (I only went back 2 years in announcements) but when GPP failed to produce the PFS and missed timelines, then little flags were popping up. Hence I am interested or more so now concerned as to why GPP since its listing has tried repeatedly to get some sort of project up and running but to no avail.”

I initially sent an email to GPP via their electronic medium from off their web page, but failed to get a response, I then tried a more direct route by emailing Suttling and again there was no response. Accuse me of being too aggressive in my wording of asking questions, maybe! But I wanted answers to some obviously (too) hard questions and the fact they chose to ignore me prickled my interest as to why and hence I delved deeper into the management of GPP from the date of their listing on the ASX.
The initial questions I asked can be found in this post:
https://hotcopper.com.au/threads/an...stions.3657291/?post_id=26925033#.WuF31NOuxm8

So I hope it makes it clear why readers of this thread (bear in mind, not all readers are experienced investors) may/may not want to know about what happened since listing (I won’t restrict it to just 8 years ago (2010) because I will eventually post the subsequent years as well) but what the intent of these posts is highlighting the importance (to me) of doing thorough research into a company and not just their product/commodity (regardless if it is hot at the time) but also the performance of the management, and try to avoid being caught up in the moment when ultimately a share gets hyped (ramped) up, which is easy to do when you are new to investing and a trap that I fell for when I first started investing.

Unfortunately, a contrarian view is met with disdain as it doesn’t suit some shareholders/investors sentiment, but I encourage it because as I have previously said, these “negative posters” can/will at times bring up valid points that may have been missed when researching.

@shift - restructured? management is basically the same, rotate and return directors or directors resign but are kept as consultants.


Integrity is a core principle that I value, mine remains firmly intact.

Cheers