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Bullboard - Stock Discussion Forum Global Cobalt Corp GLBCF

Global Cobalt Corp is an exploration stage company. Its projects are Altai Sister Properties, and The Iron Creek Cobalt-Copper Project.

GREY:GLBCF - Post Discussion

Global Cobalt Corp > Information from GCO
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Post by Dirt2Oil13 on May 07, 2015 7:09pm

Information from GCO

What is happening is a complacted process closing date for PP will be any day now.Effective date for  split will be a date past the AGSM date.So people can participate in the split up till then.Circuler to be mailed out with complete transaction details as per ASGM guidelines and shareholder will be asked to vote  on the IMHL loan conversion.If you wonder where I get info some is from research and some is from IR I bought 2 million shares in GCO so I may ask a little more detailed questions than some and IR is nice enough to answer them.I know I did not give any exact dates to process is evolving.Dirt2Oil13 do your own DD Anual Shareholders General Meeting....ASGM
Comment by Dirt2Oil13 on May 07, 2015 7:13pm
Anual General Shareholders Meeting AGSM
Comment by ABirdsEyeView on May 08, 2015 10:01am
Just to clarify, and no offense to Dirt2Oil, its a spinoff, not a split. A split would suggest that the company would be rolling back shares. This is a 1-1 split, very rare. Ive been in a 5-1 and a 3-1 but never seen the opportunity for a 1-1. Werner Lake could definitely get some eyes as we all know Telsa's plans on wanting to use North American projects for their materials.
Comment by ABirdsEyeView on May 08, 2015 10:50am
*1-1 spinoff sorry...i did it myself.
Comment by Dirt2Oil13 on May 08, 2015 12:49pm
Yes Werner lake is nice and when they GCO Bought the leases they got all there information and test results.From former owners  they had even sent off 25 ton sample of ore which they used a high pressure leach on and recovered 99% of the cobalt from the ore.Thanks for correcting me Spin off not split.We hear a lot  more about splits so the fingers type the wrong things some times.I ...more  
Comment by ABirdsEyeView on May 08, 2015 12:54pm
I tried calling company today and got no answer from IR. If it is true and I could still buy today and get 1-1 ill be putting in a bid... 4c seems cheap, even without spinco factored in. I did notice they have no $$$ allocated for drilling at Werner this year, what exactly are their plans there this year?
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