Rob79, thats right they are 2.8 x cash flow, projected to be 2.5...

Rob79, thats right they are 2.8 x cash flow, projected to be 2.5 times cash flow by the CEO (ie: they expect annual revenue to grow from $4.4m,to $5.0m).

By this metric, one of the few you can use, GGE is very cheap. As per the peer revenue I did y/day , 5 x would still be considered cheap.

Additionally GGE is cash flow positive, it has it expenses well under control.

They have plenty of drilling prospects that are very hard to value, but they do have a pipeline that is costing very little to carry.

CEO says the vehicle is now clean, ie: no material legal issues. This maybe one area of residual concern?.

Technically the market has made a very timid assult on traditional 1.6 resistance, and failed to take it out. Other indicators are very positive, but yes it seems no one is prepared to take it on meaningfully without a news catalyst. As you know I believe reistance has been broken at 1.3/1.4 cents and thats the place to top up holdings.

GL