Good post Gryphon1. Nice to see you have vision and patience. There is still a lot of work to do for the team in the field and executive negotiations for the management team. Negotiations like these are critical for the company and its share holders. This all takes time. I am sure they also don't want to rush this process. There is definitively oil in Malalos and the 3 proposed wells. Jacob 1 is serious/enormous potential. With a sceismic report like Jacob 1, there should not be any problems raising capital. Every exporation company dreams to get a sceismic report like Jakob 1. Most people don't understand how good it is. That is why I have kept on buying GGX and topping up.
Logistically it has also been difficult to get the drill rig and then getting it there. Very clever and economical to do all 4 drills in one hit.
For the first time in 9 months I can sense some excitment back. For those that can wait 6 to 12 months, they will be greatly rewarded. The spike in the share price today is good to see with some fair volume. The only problem for me is, I don't think I will be able to buy more for the low levels we had seen last month. It was good topping up at those levels while it lasted. But it is also nice to see the shares starting to appreciate.
GGX Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held