GGE 25.0% 0.3¢ grand gulf energy limited

undervalued., page-9

  1. 1,562 Posts.
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    I expect this thread title to have a long life as more details come to light. For now we know the cash, production but are a little unclear as to the value of the reserves and the plan to realise their value.

    We know the next quarterly will be out by at least late April by which time we could have updates on West Klondike production, Desiree Facilities, Louise spud, and also whether the current production levels are stable.

    Left field if further delay on Napville development we may have some new project/(s) to fill the space and to balance this out may have to outlay some cash to settle the outstanding D&L1 legals.

    Meanwhile while we wait we can look for the next one and plan for May/June as several good stocks are likely to take hits due to similar delays.

    Of interest recently has been Mr Morgan stepping down as Chairman of TMK and also Friday's MEJ ann where the Directors including Mr Freeman are reportedly stepping down in the future. Also no GGP production report for a while as the troops weren't interested??

    All opinion only and passing time until some company news.
    GLTA


 
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