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New management hasn't inspired much yet. Still not answering to emails or done any interviews to say what they are about.
The way to build a relationship is to demonstrate that they can fulfil the work program, they don’t have the money to do this. Last legs.
£250 k will last 3 months then they will need to raise again
The shares will hit the market today, buying this low not a bad idea
I’m expecting some good news to pop up, I think new management will want to show off
Is GBP working on farm out now?
Any plans for the future?
Looks like about 200M churned so far.
Another 240M to go
The cat is bouncing I think
@ShareInvestment - absolutely agree with your point especially in regards to previous leadership leaving without any issues.
I have just topped up based on the RNS this morning. There is a big disconnect between the potential asset value and current MC. The new leadership have tremendous experience.
Fully agree, but hopefully he will add more. I have followed GBP for its potential for a long time, although it became clear that the previous leadership was not delivering. There is absolutely no certainty that the incoming team will deliver, but remain of the idea that people with those CVs, and probably significant wealth accumulated in their career, would not come into GBP unless they thought that the current assets could be worth than the company valuation and/or the limited market cap make it an interesting proposition to drop in other assets. Nobody really know and only time will tell but those are my impressions. Furthermore, why would the current board transition out so smoothly unless they thought there could be some upside for them and shareholders in general. A shareholder with 5% cannot boot them out and usually it's actually the opposite, massive resistance from the board not to loose their positions. DYOR
He has bought 10k's worth ! lol
Would have been more impressed has that had an extra zero on the end !!
Many here hold much more than that ..
Great to see that the new Executive Chairman is buying in the market above placing price. Makes a change from other companies where those at the helm don't hold any shares.
Well I called this fudraise,but only £250k.
Am going to delay investment here as I believe there will be a much larger raise then a consolidation after a big dilution.
They are not there yet
Time will tell but I'm of the same impression ie incoming directors with these CVs would not bother to get involved unless they have a plan for the company and think that they can do well out of this.
Not sure if some of these posts are concerns or deramping. Yeah I get all the funding and dilution concerns etc - but remember this wasn't going anywhere with the old board ( who done more harm than good). Some of these new guys seem pretty switched on and you have to ask yourself why would they bother? No deferred salaries were paid and they have done a holding raise- but looks more promising to me at least
Someone posted yesterday once the placing done then game on.
What a melt
They need to acquire new assets as the existing one is dead in the deep waters. lots of dilution to come soon.
new licences, wages and other expenses. What else to look for?
I thought they would raise at least 500 K on this pump
250,000 what’s that
Theyve already for over 300k in the bank per financials + this new amount so that def was not keep the lights on imo nor would the nomad have allowed him to print an rns without being clear on that
peter hill and his band of muppets were the cause for the financial issues and now they are gone and they took into account the some of biggest costs of the company
this money will keep them going for a long time esp as cost cutting is underway and the directors arent taking salaries
Great RNS today as it allows us to have the funds to and also get the directors to start their plans to:
--> sort out namibia licence
--> Start looking for new projects
--> mr page believes in the namibia project could be significant for global
-->unlike peter hill and his band of muppets - Page is actually going to visit namibia which i think he really wants to make a go of it and i think that means joint venture of farm out
-->Cost review and the DIRECTORS already taking the first brunt with NO salaries which is very bullish for their ambitions and financial prudence they said earlier this week when they entered
-->Love the quote of multi year goals
I read this on twitter and it made sense- the first task of the board is to mop up the previous management mess up in regards to finance and the namibia issues. That is past us now and they can get their teeth sunk into the work now
very very excited for the plans coming
New management but the same old placing at the same old placing price - 0.06p - and the new management are only 'beginning to look' at new prospects at this stage.
What do GBP and Msmn have in common?? CMC Markets for their bucket shop placings.
Reads really well and looks as if the new very experienced board members mean business. Time will tell but this could be a massive turning point for GBP dyor