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GPM Metals Inc V.GPM

Alternate Symbol(s):  GPMTF

GPM Metals Inc. is a Canada-based mineral exploration and development company. The Company focuses on acquiring and exploring district-scale exploration properties. The Company focuses on advancing the exploration permitting process at the Walker Gossan project, Arnhem Land, Northern Territory (NT), Australia. The Walker Gossan Property consists of approximately 176,000 hectares of prospective ground located in the McArthur Basin Mining District, Northern Territory, Australia. The Company also seek to acquire additional mineral resource properties or companies holding such properties. The Company’s subsidiaries include 1901743 Ontario Inc., DPG Resources Australia Pty Ltd, and Guyana Precious Metals (Barbados) Inc.


TSXV:GPM - Post by User

Bullboard Posts
Comment by sysaphuson Apr 14, 2011 5:16pm
296 Views
Post# 18433543

RE: RE: Of course there's always the other option

RE: RE: Of course there's always the other optionYup that's been the expectation for about the last year or so but so far no go. I don't own Guy so I don't follow it but it doesn't seem to have participated  in this gold run up as much as one would think it would have. So I'm wondering if it's no so much in play as gossip and rumour would suggest.
But yeah I agree it would spike somewhat on that kind of news-might be an opportunity for a nice exit- but I don't think that would last for a couple of reasons.
One is that the sale of Guy would in no way change the fundamentals of GPM. GPM will still have a crazy huge float, no property, and limited cash to buy and operate for long.
Plus I'd assume you know that Sheridan has already "come over" as you put it, but then you didn't know about the 70 million shares and 70 million warrants either so you may not know that Sheridan already runs and controls GPM and has since he tossed out the old CEO and most of the board of Cmv which this company was pre Gpm.
So anyways the fact is that Sheridan is already in charge of Gpm and has been for quite some time so once again the sale of Guy really changes nothing material. Sure their focus will be specifically on Gpm but once again, they  have limited resources to work with.
In fact I think most of GPM's current price is a premium due to the very thing you're talking about. Basically a "GUY selling" premium.
That's about the only thing that would explain the current price.

Bullboard Posts

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