GGE 25.0% 0.3¢ grand gulf energy limited

where next, page-15

  1. 1,562 Posts.
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    R15 & all, an alternative plan would be to review our individual investment objectives and not play the games at all. We can choose to trade and post with integrity and look after our families and fellow shareholders best interests as the primary goal.

    If I am correct in my analysis we are all now holding at least one stock which imo is likely to outperform almost all of the O&G juniors in 2014. We are almost certainly in my opinion not going to loose money at these levels or buying up to 2.5cents over the medium term.

    That being said we by now are well versed in watching our investment go sideways so should all have our personal plan on how to manage the ups and downs without panicking. Greed and fear will usually drive poor long term outcomes and that imo is our greatest personal risk today not what happens on Monday to the SP.

    Personally for the last year I offloaded all my other stocks and parked the cash in GGE. At any point post Desiree the SP could have risen closer to its fundamental value. That is still the case but imo there are now a couple others with similar prospects and I have now 3 eggs in the basket not one.

    FWIW and not meaning to cross promote those others are TEX and TTE. Their prospects imo are equally attractive to GGE due to their low SP and potential, they are also suffering the same fate as GGE has in respect of market sentiment which to me reinforces my view that the broader market is clueless on a good day and using market sentiment and SP as a guide to long term wealth creation is misguided atm. Not to say it won't get it right eventually which it probably does.

    I would still be confident just holding GGE but I don't like the games nor wish to play them. The trend will be correct until it is incorrect. By holding my core position, some small diversification and holding some cash I don't care what games are being played and will re-buy when I choose not when market tells me.

    We have always had good discussions about GGE and given management credit when it is due. We don't always agree and that is what I believe these these forums are for.

    I believe that our GGE mgt have done their best to inform us but somehow are constrained possibly due to wash up of the legal issues and the Community Sinkhole issues. Also possibly leasing confidentialities and protecting long term commercial interests with the other JV partners which are significant. That view is based on my research most of which I have shared but I could be wrong, I have no connection to the coy other than holding shares so it is always possible I have missed something. When we get an update it will be worth reading and we will all have plenty to talk about.

    That'll do. All this is my opinion only and not advice as my thoughts are specific to my situation.
    GLTA & enjoy the weekend
 
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0.3¢
Change
0.001(25.0%)
Mkt cap ! $9.380M
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0.3¢ 0.3¢ 0.3¢ $300 119.9K

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28 28928674 0.2¢
 

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0.3¢ 6066692 4
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