GGE 25.0% 0.3¢ grand gulf energy limited

Ann: Appendix 3B and 3Y, page-14

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  1. 1,562 Posts.
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    Consolidation was good as it tightened the register and SP recovered quickly once some positive news on Desiree was announced. Post consolidation SP went from 0.006 to 0.017 in a day which most here thought was good the time if I remember correctly. Pre consolidation there was little activity or liquidity but since the consolidation there has been some increased liquidity and a small market for shareholders. For the past year average price has been around .0106 which whilst not great has held up better than most in a falling market. SP today is up so the 0.007 buyer is probably relaxed.

    The above is a bit rough as consolidation was July 2013 so not worth wasting too much time on as better news around today.
    Cheers.
 
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