GBP 0.00% 2.5¢ global petroleum limited

how did gbp fair last night, page-9

  1. 721 Posts.
    Hi JB,

    There is a concerted seller in Aus for the moment, selling blocks of 25000 - 30000, this has been the reason for the price move down over the last couple of days, they must have bought a lot after the duster last year at 12c and looking for 50-70% profit. Not a bad profit if you see the amount of shares and $ they have been selling continuously for 3 days. Once these are flushed out I expect it will easily top 20c again. London pricing is holding steady at 20 cents.

    I picked up a few at 18.5 cents today, I have got enough TRP. GBP are now much better value and the better play with TRP at 4 cents. TRP have a lot less cash and half of it will be used on the drill, whereas GBP have some production profits coming soon and of course $25M in the bank.

 
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