These last minute delays are not uncommon. The Chinese are being asked to invest not only in an off take agreement, but also stump up funds for mine construction. They're entitled do their own technical diligence and we are all at the behest of the availability of the lab that they've chosen.
That said, stalling the process is in itself a tactic. It'll test the nerve of the GPX management and I'm very confident that they won't panic and do anything rash. It's just business. GPX needs the Chinese investor and the Chinese investor needs GPX's product.
What is positive is that both parties are willing to extend the exclusivity period.
I'll wait for the price to slide a little further and then buy a few more.
Just my opinion, but this is not a hold for a few weeks and then sell on the news. Once we get over this hurdle and get the mining license approved things will look much rosier.
Note to self -- Deep breath, don't watch it daily and stay calm......
God luck to all holders...
GPX Price at posting:
48.0¢ Sentiment: Buy Disclosure: Held
