In between the bickering of posters, here are my thoughts/views if anyone cares.
I am not here to stamp on people's throat whilst they hold, I'm not into that come and kick people whilst they hold in the RED like some have been doing the last few months and recently -I can understand there are many in the red and emotions are high.
For full disclaimer for what it's worth I did significantly reduce my holdings upon the run up few months ago and sold the rest to protect capital upon this run down
I will not pee on management but I feel after holding GPP for almost 2 years the current management are incompetent - YES this may be a big understatement now in hindsight, but personally I am always willing to let management sort their issues out with constant feedback from shareholders (some they did, a lot they haven't). I think they are genuine in their efforts perhaps but obviously lack in the necessary skills for an ASX listed company.
My biggest gripe, personally has been that I have been lied to twice from GK during AGM/EGM
a) OHD Commercial Plan or whatever they want to call it - the timing/status of it. Where in Where's Wally is this? First it was scheduled for start of 2017 and now Hello we are in mid 2018.
Very baffling and truth be told still very miffed. David Trench was a source of hope as a shareholder but really what is happening? If they cannot get the grant, why are they procrastinating
b) Drilling at Turesi (timelines) and John Watt's role
Upon hindsight I really think the current management are scared of success perhaps.
Nevertheless looking forward these are my suggestions/views
1a) Shareholders must decide on the OHD project and future of it first and foremost in my opinion. Is it viable? Or has it been a complete myth? I have been informed before that the Pilot Plant is actually not that expensive to produce so what is happening behind this? No site to house it in Latrobe? Come on keep shareholders in the loop what's happening and issues. I'm sure there are shareholders who have contacts who can assist if need be.
1b) IF the OHD project is still feasible then personally for long term I would really break the company into 2 separate entities a)
purely OHD related company and b) the other as a Junior exploration company.
For now it's probably wise to add new faces to the board to head Guyana operations in my opinion until something more concrete comes out of Guyana (always the risk that there isn't)
2) Guyana Morabisi project or any other exploration project needs a separate management altogether or additions to the Board at the very least for interim who understand running a Mining operation - I agree that GSM (whilst doing a good job in my opinion) are pulling the strings and doing things at their leisure. A lot of criticism has gone to John Watts, but unless I'm mistaken please remember he is not even on the board of GPP so how is he going to be watching the drill in Guyana? Pay the man properly or promote him so he can be a more constant presence in Guyana in my opinion.
With respect, can someone explain to me who is Simon Peters and his role on the board?
Perhaps GPP need an experienced head/entity who knows the in's and out's of Guyana mining environment
Maybe someone with history working on other ASX listed companies working presently in Guyana.
Another company I am invested in have been very smart and from day 1 instilled a local mining company as majority shareholder and also someone on the board
Finally,
A lot of prior and lately criticism and attacks has gone in the direction of
@anatol and I cannot understand this. The guy is passionate and research is undoubtedly one of the best in this HotCopper space in my opinion. People need to stop relying and man up and take responsibilities for their own investment decisions. We are investing here, not gambling - when I read a lot of the posts here and then look at the companies certain people invest in then I think a lot have/are been gambling.
Whilst I have not agreed with everything with
@fooca in the past in particular his mundane obsession with management, I respect what he has brought as an alternative and highlighting issues. It probably comes with his past I'm guessing with another one of his listed companies encountering some problems.
I am not aware of both their current situation and backgrounds, but it would be extremely selfish if shareholders expect them to go on the board to iron problems out s0 again criticism levelled at them currently is out of line in my humble opinion
