GGE 0.00% 0.3¢ grand gulf energy limited

now producing oil and gas, page-26

  1. 1,562 Posts.
    lightbulb Created with Sketch. 6
    I'll try and cheer you up. The exercise price on the options was 1.5 cents (post consolidation equated to 0.075). Assuming 5m options now is 1m shares it would have cost $75k to exercise. Today the sp is 0.01 so cost to purchase is $10k. Same coy, same mgt, same projects, better numbers so theoretically your options were a very good buy if the intent was to be a LT holder. Also consider the SP was .004 six months ago and the coy was making money and that makes the number is even better and I was surprised more option holders didn't take the free kick presented.

    The Sinkhole finished the opts imo. Had it not occurred I am confident at least 2 other wells would have been completed last year. Doesn't mean they would have been successful.

    PS: I got this logic from my kids who explain how much they save me when they buy stuff on special. Also only held options up to Desiree results.

    All opinion, DYOR etc
    Cheers
 
watchlist Created with Sketch. Add GGE (ASX) to my watchlist
(20min delay)
Last
0.3¢
Change
0.000(0.00%)
Mkt cap ! $9.380M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
25 27418675 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 28144 1
View Market Depth
Last trade - 12.20pm 25/11/2024 (20 minute delay) ?
GGE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.