GPR

6.25%

3.4¢ geopacific resources ltd

Rhama take a serious look at ThreeD Capital IDK on TSXV . Don't...

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nsw004

2,125 Posts.

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28/10/17

13:31

Post #: 28278387
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Originally posted by Rhama ↑

Hi Barny,

I share 004's point of view that this is a longer term play. I'm in the same boat as you, I first bought at a bit above 5 cents and averaged down in the fours. Due to lack of liquid funds I can't buy more right at this moment but when that changes I will buy. I'm also impressed by GPR's management team and have read endorsements for them even by people who don't hold shares in this company. I think the longer term play might have investors waiting on the sidelines.

Naturally a $3.00 play will depend on amount of shares on the register and what projects make it to the production phase, so at this moment it still comes down to an investor's appetite for risk. The price of gold will be another factor.

What I'm hoping for is that Woodlark reaches production with ongoing exploration proving up a resource well beyond 2 million ounces, which gives working capitol to fund their other projects such as the copper and gold tenements in Cambodia, as well as their gold prospects in Fiji.

Q1 of 2018 should give us a much better idea of what's going on and given that previous Anns have stated GPR are doing feasibility studies into a mine management plan, including the mill they will build, I would expect information on the Woodlark mine to accelerate soon. Who knows where they are with their plans right at the moment but it wouldn't surprise me if an update came soon. I think the Kula buyout has been a bit of a distraction.

These are just my thoughts and the reasons why I'm here. The future is never guaranteed but I share 004's point of view that GPR are as good a bet as anyone, particularly for those who want dollars invested in gold. You could cut the risk and buy into companies like NST but you will pay a lot more for them and potentially miss the bull run here that 004 speaks of. I also have invested in other companies, so have spread the risk a little, but I'm hoping GPR will be part of my retirement fund, which is about a decade away.

Cheers

Rhama

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Rhama take a serious look at ThreeD Capital IDK on TSXV . Don't listen to what guys say about Sheldon Inwentash . Co has three verticals Resources , AI and now Blockchain.A possible 50 or 100 bagger in a few years time .Earlier co Pinetree Capital multiplied 120 times but derailed due to the resources bear market .He will not repeat the mistakes , have watched his recent interviews.

GPR Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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Last 3.4¢		Change 0.002(6.25%)		Mkt cap ! $25.17M

Open	High	Low	Value	Volume
3.3¢	3.4¢	3.2¢	$3.311K	101.1K

Buyers (Bids)

No.	Vol.	Price($)
3	928000	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.4¢	214180	2

View Market Depth

No.	Vol.	Price($)
1	888060	0.011
3	350000	0.010
3	7942227	0.009
1	80000	0.007
1	500000	0.006

Price($)	Vol.	No.
0.013	158392	1
0.014	112500	2
0.015	2126211	2
0.016	100000	1
0.018	71428	1

Last trade - 15.33pm 06/11/2024 (20 minute delay)

GPR (ASX) Chart

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