Geopacific Resources Ltd T.GPR

Primary Symbol: GPACF

Metals & Mining Gold

Geopacific Resources Limited is an Australia-based mining and exploration company primarily focused on the development of the high-grade Woodlark Gold Project in Papua New Guinea. The Woodlark Gold Project (the Project) is an advanced gold development project, located on Woodlark Island in Papua New Guinea (PNG). The Project has an endowment of approximately 1.6 million ounces of gold in mineral resources. The Project's prospects include Kulumadau - large-scale target corridor including Great Northern and Boscalo prospects, Talpos/Bains (and South) Prospects, Wayai Creek/Okiduse Prospects and Little McKenzie Prospect. The Project covers approximately 529 square kilometers.

OTCPK:GPACF - Post by User

Geopacific Resources Ltd > more pain

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Comment by ecolo101on Jun 16, 2022 1:10pm

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Post# 34761851

RE:more pain

A reverse split is rarely a good thing. The only one that I remember working well was Eldorado in 2018. A gold mining company. Gold saw it price increasing significantly after the reverse split helping the company transiting well. But shareholders took a lot of pain. GPR is in a worse position with 448.9 million shares outstanding. They need at least 5:1 reverse split to stay away from more delisting. And maybe 10:1 would be better and put the company total share around 45 million shares.

Then management could issue more shares and dilute us again. Never forget that mines have a life expectation. With current situation they can not grow by acquisition, they can just manage more efficiently and so far not good.
glta

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