GGE 25.0% 0.3¢ grand gulf energy limited

Yes we all know a fair bit having been invested in these guys...

  1. 158 Posts.
    Yes we all know a fair bit having been invested in these guys for over 3 years. Read back through previous posts and announcements.

    By my calculations GGEshould have around 2.5 mill plus in the bank, this morning the market cap was 4 million. That alone is crazy - there are shells trading on the ASX with no revenue or assets with market caps greater than ours.

    So what makes GGE special? Well considering its a micro cap - GGE has plenty of reserves, producing assets and is profitable at current price of oil. Their admin costs are less than most and 60% of register is held by top 20. They haven't raised funds in over 4 years.

    The catalyst is the yellowfin project, which is a gas play withy potential for trillions of cubic feet of gas - if this gets farmed out, or even sold to someone else I suspect our MC will easily be 10 to 20 times what it is today. When price of oil gets back to $70- $75 I would think we should get to 5-6 cps.

    Based on the shape of the company today, to be trading at less than 3 c is a joke - making GGE a very strong buy.

    Noof
 
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Last
0.3¢
Change
0.001(25.0%)
Mkt cap ! $9.380M
Open High Low Value Volume
0.3¢ 0.3¢ 0.3¢ $300 119.9K

Buyers (Bids)

No. Vol. Price($)
28 28918674 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 6066692 4
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Last trade - 10.36am 28/11/2024 (20 minute delay) ?
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