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10/11/18
08:48
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Originally posted by anatol
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Share dilution is not important if the company is doing the right moves. I know companies with shares on issue over 5 billion with market cap of over 100 million. Also there are many companies with low low amount of shares on issue but they actually have done consolidation in the past.
If GPP can make the right moves, its share price and market cap will go up. Otherwise it will go down as it already happened.
I believe the change in management was the first right move and it has happened. GK is still there as a non-executive chairman but I hope he is also waiting for the new directors to be successful and not interfering what they are doing.
When they drill the two cobalt projects; Ashburton Cobalt Project in WA and Lincoln Springs in QDL, we will see the results. It's worth taking the risk because cobalt is still a strategic mineral for the batteries.
I am researching the new project areas of GPP atm. Ashburton Cobalt Project in WA looks interesting. There are already cobalt projects in the same area. Canadian company BlueBird Battery Metals Inc. (TSXV:BATT) has two projects around GPP's tenements. (I haven't looked at Lincoln Springs project in QDL yet). I will share the maps for it later.
Julia Creek Vanadium Project is also at a very good area where the vanadium bearing oil shales of Toolebuc formation is located. Rio Tinto has tenements next to GPP tenements. Very close to IRC.ASX projects (Manfred deposit and Burwood deposit) and St.Elmo Deposit of Multicom resources (private). IRC is the most active in the region. Already farmed out 75% of their projects to a private company (AFX Resources, a private company owned by Chinese investors). Also couple of ASX and private companies are exploring and making metallurgical test works in the area. If they are successful then GPP's tenements will be easy to explore as its a sedimentary deposit and has the same shale host rock in the area. I will share the maps for it later.
OHD project is still alive and has very high potential IMO. We now know that GPP wants to engage with leading agribusiness groups for partnership to take OHD business forward into commercialisation. I am very much interested by the 3 trials currently being undertaken by Monash University which will be completed in the next financial quarter. (I would like to know what kind of trials. (They didn't give any info about their details).
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STOP RAMPING like what happened in MORABASSI where it was a pump and dump.
With all your research at MORABASSI , there was absolutely nothing the drill bit found.
Keep your research to yourself.
l repeat STOP RAMPING.
Let the drill bit at the new sites do the talking.