Hi razor,
Sitting by a pool in a resort in Cambodia, am on my 4th cocktail so may not have thought this through well enough before posting.
You may want to re-run those calculations but exclude the top 20 ( if there is an up to date list) from memory there are a number of major holders in GGE which make up around 40-50% of the share on issues. That will lower the average holding dramatically for the remaining x % .
Just occurred to me now .
Happy to see GGE up some 30% since I left for my 1 month holiday - hoping to see it at 3 cents by end of January when I return - wishful thinking but perhaps some of the GGP and BCC holders will have a look at the GGE quarterly come late Jan and see this one as a decent punt compared to the " pie in the sky" stuff being fed from their broken management teams.
Noof
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