GGE 0.00% 0.3¢ grand gulf energy limited

Ann: GGE Sep 18 Quarterly Activities and Cashflow Report, page-146

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  1. 76 Posts.
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    That's the point right - who cares about share price when youre milking half a million year after year. I guess they were lucky they got in with a company that was able to support it through some small wells early on but what's the motivation for growing the co. Nothing to the MD who doesnt even own a single share. This is going nowhere.  Eventually they'll run out of oil and maybe it will die, maybe they'll dig another hole and get lucky enough to keep it running longer,  but for the board they'll just keep sucking 500k out every year as long as they can.
 
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