OTCQX:NTGSF - Post by User
Post by
stanjson May 02, 2021 2:27pm
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Post# 33110990
3 May: Viva voting regarding GPY-VIVA combination
3 May: Viva voting regarding GPY-VIVA combination3 May, 2pm Vancouver time: voting
5 May: combination takes effect if no delays. If any delays, may only take effect on 15 May.
James Hesketh (Viva CEO) who currently provide mine consulting services to GPY, will become CEO of GPY.
After reading the combination proposal, I came to the conclusion, GPY has the mine but not the expertise, has to contract someone like Hesketh. Nobody wants to buy Viva's Tonopah project except GPY. Viva could have gone it alone, but their future financing would continue to be very dilutive for their current management who are also shareholders.
Viva management was invited to join GPY and advance both mines together. It is a great arrangement technicially for GPY technically and financially for Viva.
Hesketh is the real asset: the expertise to advance GPY's Brewery Creek mine to production. I think Sheriff would be too busy with his main project, Encore Energy to handle Brewery Creek mine.