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0.3¢ grand gulf energy limited

Ann: GGE Sep 18 Quarterly Activities and Cashflow Report, page-153

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TradingHault

212 Posts.

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24/01/19

13:39

Post #: 37212177
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Originally posted by firehawk08: ↑

To be fair, the management tried to demerge or restructure the company a year or two ago to reduce administration costs and channel the cashflow to dividends paid to shareholders. The motion was killed, I think, by the ASX and the regulators.

If that had gone through, administration costs would have gone down by more than 80% and dividends would have amounted to something like 30% yields.

Instead, we are stuck in this morass. Admin costs eating up the revenues.

I suppose it would be possible to start a shareholder action to remove the current directors and replace with directors whose hellbent purpose would be to cut admin costs to the bone and achieve the same purpose.

Would anyone like to start that?

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Maybe its time to raise some capital from the markets ... its been like yonks since they have gone to the market for funding..... Then they can drill the guts out of their Colorado leases....

GGE Price at posting: 0.4¢ Sentiment: Buy Disclosure: Held
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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

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