As was said earlier..........FOGL worth 16 cps, cash 4cps,........so underlying value of 20cps...........anyone care know about Malta value to the company?
Just because the drilling is on hold does not mean they will not have another go later........as the report said, 3-6 months to find another target.......
Sorry to all those who have lost a bundle on GBP to date,..........but MAN this sp is looking like good value to me medium to long term...............time will tell.
No doubt there will be revised valuations being crunched by the company / brokers and thrown around soon enough!
Don't take my word for it.....dyor
GBP Price at posting:
0.0¢ Sentiment: None Disclosure: Held
