Have taken a look at the French groups that are against oil permits, they seem to be mostly angry that within these periods legally we are are now able to approach our licence applications sideways, applying for extensions on our now existing permit for St Griede until 31st May 2018 as well as continue fighting our case. We now have the rights to sell the permit highly unlikely anyone would buy that risk atm though. My sentiment has always been the French still wish to be mining oil up until the last day of 2040. Gas2Grid are only buying 3 more months with this upcoming meeting. 300million shares already approved at annual general meeting in November, this approval would expire February 28th. So now asking 350million gives me the idea that Someone is negotiating for an extra 50 million! That would be 30% of our huge future but we need the assist to get things moving. EXR are in a similar situation to us and are very confident that they will have permit extensions at least until 2027, and will also be seeking compensation for their 4 year delay of extension. Looking forward to this meeting and hopefully news on Phillipines. I have said these words before and already guessing the capital raise to a total shares of 1.2 billion shares. As always passionate long term holder here but huge believer of when not if. Should be a great 6 months for GAS2GRID. As always DYOR, this is not advice
GGX Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held