Rob, the vote in favour does not add up when you consider that...

Rob,
the vote in favour does not add up when you consider that the Directors & CB own more than 60% of the Coy. There are approx 754mil shares. As CB does not benefit from the issuance he is not precluded from voting. The others are. However take his holding from the number voted for the issuance and I doubt you get anyone voting in favour, if like the rest of us our vote doesn't count.
I discount your theory that it's the price of oil BECAUSE gge is making a packet of money and has NO DEBT. But in the last while I see no sh benefit other than issuing options to its employees. Like R15 I am alarmed also at the vote in favour of issuing more shares. Again based upon the above calculation outside of our capacity to vote down or purchase a significant holding to create accountability.
There has been considerable discussion of great merit on this forum and seemingly the Coy has taken this advice but lined their own pockets without consideration for the remaining shareholders. I reiterate that this is just a playtoy of insiders.
I solemnly appreciate your contribution but sit down mate and do some real figures based upon the fundamentals or the technical analysis of this Coy and it just doesn't add up.
Why? And don't account for sentiment across the peers BECAUSE gge is MAKING A PACKET OF MONEY.
It doesn't matter if it is a small cap or the top 20 on the bourse. If any Coy was making the margins or the ROI that gge is making but was paying a dividend or supporting the Capital base of its Coy the share price would not be languishing where gge currently does. Go figure.

T1.