GPP (ASX) New Board Proposal

Originally posted by fooca ↑

As it was only a guess based on GPP announcements, I have no idea when the assays will be released but they will be released when they are received by GPP.

I seriously don't know why you think that it is a knee jerk reaction, GPP have been listed since 2008 and thus far have collected and used shareholders funds to achieve very little other than proceeding to go backwards in shareholder value and dilute the share whilst they go chasing their tails looking for the next "hot" commodity. It is only the last couple of months that sentiment has dramatically changed towards management, and it is now obvious that it isn't only the small mum and dad investors but larger ones that have a lot at stake (that doesn't infer that the mum and dads investment is less important either)

To this end, the large shareholders have taken a course of action (if it proceeds). Is it right or wrong, MEH but there is no difference between doing nothing and hoping they hit something one day or making a change with some new blood on the board that has a desire/passion to align with their shareholders, will either/or make a difference to the short term pain of the share price, I have no idea either but to sit and not do anything is an ASX version of self harm.

If you also have a look at Astron (ASX:ATR) the other company King has been a director of for ages and their failure to bring a project to startup, a share price that has slowly declined from a peak of $3.00 to currently trading at $0.23c. Same Modus Operandi, same shareholder wealth depreciation, same selling of assets etc.
Is King past his ability to steer a company, has he lost his enthusiasm or is it just a hobby?

The SOP has been extendedly delayed due to the NT Fracking embargo, but also IMO opinion a lack of funds because they are going to utilise Origins drilling to collect samples (corrections if I am wrong)

I haven't read anywhere where GPP have indicated that ALL the trials are wrong though, it was only the last couple as per the announcement released on the 29th May
https://www.asx.com.au/asxpdf/20180529/pdf/43vd4ls3ntm0t1.pdf
I previously raised the fact that government grant bodies are not supportive of GPP's projects, and as GPP were allegedly not informed why, but were encouraged to apply again.

All IMO only
cheers

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I will leave it alone now, it’s apparent that no one will confirm or deny anything, whilst some feel I am big noting I am not, being right is not big noting, let’s see if I am wrong in the event that the 249d is served, anyone that believes I enjoy seeing people lose money are so far off it’s not funny, My thoughts remain solid and I really hope to be proven wrong, I am not bitter about losing money in here I have made it back elsewhere, I play the speccy end of town and accept the highs and lows, I do however take issue with the way things are happening here at the moment and hope holders get correct advice from a professional before voting, GLTAH

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