Bit the bullet and dumped my long term GBP at a huge loss today even though it is trading at half cash backing!
What a dog this stock is. Good luck to holders on your oil pay.
A difficult decision to make when it is trading so far below cash backing, but there is no sign anything substantial will be delivered to shareholders in the foreseeable future bar a small percentage in a few barrels of oil. A person can only wait so long for management to pull their fingers out, and there are real bargains on the ASX at the moment that have the advantage of liquidity.
GBP Price at posting:
11.0¢ Sentiment: None Disclosure: Not Held
