GGE 0.00% 0.3¢ grand gulf energy limited

Ann: GGE Quarterly Activities and Cashflow Report, page-2

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  1. 2,847 Posts.
    lightbulb Created with Sketch. 18
    They are indeed Cash Flow Positive - with already significantly higher oil price so far this current Qtr.

    So market cap $2.3M at 0.003
    Cash $2M
    EV $300k - that is no value attributed to upcoming activities.

    Which is interesting as for once... they are getting busy on multiple fronts - there ARE actually upcoming activities.

    Love these kind of setups, rock bottom prices, no value attributed to anything, no hotcopper chatter, low risk drill coming up...

    Reminds me of BAS at 0.001/0.002

    Things are going to warm up next few months I reckon - looking for a bag by Xmas

    .
 
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