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0.3¢ grand gulf energy limited

Ann: GGE Market Update, page-17

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Chanzformerz

1,089 Posts.

10/04/16

03:44

Post #: 17465002
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Originally posted by Scottport ↑

Matyd, I'm thinking they have sold off the hedging at $50 per barrel haven't they??

Oil price is creeping back up near $40 per barrel, so could be they are now earning the same money or better across all their oil volume. I wouldn't be surprised to see oil at $45 per barrel in a month.

Either way, share price is at 35% of company of company valuation therefore, I'm expecting a rather impressive increase in SP this week. I could be wrong but I see no reason for it not to hit 1.2c or better as going by figures it should be on a par with 1.5c roughly. The more oil stabilizes at a higher price, the more value should be placed on shares/company.

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hi mate, new to GGE here. stumbled across this recently.

just wondering how you approximated the valuation being 35% of its current share price. I may think differently but I do have an optimistic view.

can also be reached on [email protected]

thanks in advance

GGE Price at posting: 0.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 0.3¢		Change 0.000(0.00%)		Mkt cap ! $9.380M

Open	High	Low	Value	Volume
0.3¢	0.3¢	0.3¢	$3K	1M

Buyers (Bids)

No.	Vol.	Price($)
23	19418675	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	175000	1

View Market Depth

No.	Vol.	Price($)
4	27599472	0.004
11	4475392	0.003
11	11600000	0.002
8	42550054	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	1150528	3
0.006	5120000	2
0.007	1285351	3
0.008	5480000	10
0.009	400000	1

Last trade - 12.25pm 22/11/2024 (20 minute delay)

GGE (ASX) Chart