Based on what was stated sounds like they are looking to build up cash on hand and look for possible acquisitions. I am happy with that approach - cash is king at the moment. Good to see admin cost remain low and they are able to bank some cash even with a miserable oil and gas price.
Yellow fin on hold is a smart move - glad to see they were open about holding off for now. Whatever is in the ground is not going away. GGE has always been a slow burn, however given the state of most oil and gas plays they are in a very unique position and set up extremely well for when the price of oil recovers - which in inevitable.
Noof
Based on what was stated sounds like they are looking to build...
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $9.380M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $300 | 119.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 28918674 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 6066692 | 4 |
View Market Depth
| Last trade - 10.36am 28/11/2024 (20 minute delay) ? |
| GGE (ASX) Chart |
