GRK 0.00% 0.2¢ green rock energy limited

Yes good to hear about different peoples experience and times of...

  1. 44 Posts.
    Yes good to hear about different peoples experience and times of holding. I've also had Green Rock shares for years (>5) with some bought at 8 & 9c & some at 0.1c (average about 0.5c).
    I think the management of GRK were likely to succeed in a well managed and financially viable company in any case (not withstanding Graphite!). The management have had MOUs with AWE & other agreements not followed through but have always maintained a good persistent focus on maintaining and developing the company. I like the renewable aspects (50% with MOL Hungry & geothermal in Mid West WA that have MOUs or aggreements with Pacific Hydro & Synergy) combined with diversified elements of the Ocean Hill Block North of Perth (hydrocarbons / gas potential) & now graphite.

    I would like to see the price at 2c prior to December 31 this year. I'm not sure how the proposed consolidation works, they did mention a proposed 20c per share in recent announcements..so intuitively would this mean that if the price was 2c the consolidation may be a factor of 10 (divided by 10) to keep the same share cap value?

    Anyway I intend holding most of my shares for a few years to come unless other significant info or management changes indicates otherwise.

    Take care
 
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Currently unlisted public company.

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