After hightlighting the negatives all weekend, I decided to gambling a massive $1,000 or 13,000 shares on GGX.
(Yep. That's V, last trade)
200M barrels x 40% = 80 million barrels to GGX.
8M barrels year over 10 years (is that possible?) at $25 NPAT per barrel on 200M shares (includes CAPEX) = $1 EPS or $8 share price target on a PE ratio of 8.
$8 x 13,000 shares = $104,000 return or 100 bagger...
LOL...this oil well has no hope...however, why not have a little hope...
POSITION HELD - BUY (not too many! lol)
GGX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held