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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 Oct 16, 2011 4:08pm
314 Views
Post# 19154051

RE: RE: RE: RE: RE: RE: Looks like Sheridan forgot

RE: RE: RE: RE: RE: RE: Looks like Sheridan forgot403 he doesn't have control of the economy not to mention when or if a buyout offer will be made on GUY so to that end he's not got a lot of choice in what happens. GPM certainly can turn up the pump machine anytime but I doubt it'll work without at least some kind of GUY offer. You can bet if GUY does get an offer they'll play it up for all it's worth though. I'd be a seller at that point but IMO any buyer of the run up will eventually be very unhappy as GPM has no better fundamentals than any other similar micro explorer out there and eventually the fundamentals will win. Yes GUY is a success but to balance that the predecessors of GPM, being MSA and CMV, all controlled by the same actors, have been disasters. As for your contention that Sheridan "hasn't ever cared about shareholders as such" I think you're correct. Consider how this company in it's various incarnations has a habit of buying properties off other companies controlled completely or in part by insiders and has subsequently racked up huge losses on them. IE MSA buying Coppermine off GUY then ignoring it for millions in losses, then CMV buying/optioning Wellgreen off Sheridan Sr for a truly ridiculous price then dumping it for a $4+ million loss , and now GPM buying more property off GUY. Anyone see a pattern? Time will tell if this newest one will produce anything but another multi-million dollar loss but if history is any indicator it's not looking too good. Keeping the property buying bucks in the "family" while the shareholders eat all the losses. Nice work if you can get it.
Bullboard Posts

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