Scott and all, I'm pretty sure our major Shareholders know and have always known what we are sitting on here. SP is a good indicator of the market but it is an assumption to think the market has done any DD on this or any other company therefore if hype and news is what drives SP more times than not if we are not watching closely we will get blindsided.
In our case the fundamentals support a much higher value. Most speckies need a steady news flow to support their overvalued SP and hide the poor performance, they need to raise money or take on debt so news is essential to bring the money in. The performers with cash don't need the market to survive therefore can focus their efforts on planning and risk management. The talking is done through the accounts and the cashflow statements.
In Dec GGE had $171k Payables outstanding and $1.7m still to be received. It may take a while to get some interest from new investors but I doubt the company wants S/T traders so probably not concerned about the SP. I personally would prefer no spikes and a steady rise to value before any Spud news. Otherwise the good features of this stock gets lost in translation and restrict to longer term SP target which is the end goal. It may take a while but imo worth the wait.
All opinion, GLTA
GGE Price at posting:
1.1¢ Sentiment: None Disclosure: Held
