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0.00% 0.3¢ grand gulf energy limited

Hi Mark I would be interested as to why around 40% of income has...

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  1. ian2382000
    948 Posts.
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    02/02/15
    09:13
    Post #: 14679931
    Hi Mark

    I would be interested as to why around 40% of income has been spent on exploration & evaluation when quite clearly nothing has been happening with the company in this area. If reducing costs is a priority as noted then this seems strange as I would have thought it better to have the $1.5 in the bank thereby nearly doubling what we have plus finally the projected forecast has reduced this cost down to $200k and if we are in a holding pattern then is this even to much
    GGE Price at posting: 0.6¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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