Thank you Durslowe for your informative insight into what is happening.
It's a pity that our directors who are probably still taking a salary cannot be so informative.
I can understand that they are in a difficult predicament but how the hell did they get there in the first place.
Surely due diligence was done on the commercial viability of these sites.? And their legal team would have looked at any problems that may or not have not made it so?
If not they only have themselves to blame, these questions need to be asked by long suffering shareholders who stumped up money in numerous rights issues with the promise of something tangible.
I understand that oil exploration is a risky venture especially when oil halves in value which it has.
But the information flow from our directors is nothing short of shameful.
I know that if I made the same mistakes I wouldn't be sitting in a job.
Good luck for a glimmer of hope for the future.
GGX Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held