GGE 0.00% 0.3¢ grand gulf energy limited

Insight, page-2

  1. 1,562 Posts.
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    Jeremy, the chart looks wrong because of the 5-1 consolidation done last year. Notwithstanding this if you move the pre con 0.002 to 0.01 it makes more sense. Reviewing 2010 and understanding what the driver for the rise was and what caused it to drop is very insightful. Coy anns pre the D&L3 blowout give a good idea of our end goal and imo review of operations since that time and particularly understanding how long it has taken to recover also provides insight into all O&G Juniors. Unless we are CM or CB most s/h's should have an average of between 1c and 1.5 if they were managing their portfolio, if not that has been a bad choice. Coy today is in better position than 2010 but punters like a story and that is currently lacking. Profit and cashflow make for boring news but there has not been a capital raising in nearly 3 years so business model has been sound whilst some clearing some obstacles.

    Re: Future SP I doubt any chart based on such low volume will give any indication on what will happen other than more of the same until something different happens.

    PS: I like this new HC

    Cheers
 
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