In regards to raising funds, times are tight. Another Junior Im on board with has a better well than GGX with much larger volumes (>1000bopd) and they are struggling to raise funds as well. They have less cash on hand, and do not own their own rigs, plus they have greater costs in storage and transport to ports due to distance from the ports. So GGX is attractive to me.
I can understand the frustrations, as I would be lying if I said I wasnt a little frustrated with over 3years of no returns, but I still have high confidence in this coming off.
Anyway, if it doesnt come off, we might have to meet Delboy at the bar in Bora Bora !
GL....
GGX Price at posting:
2.4¢ Sentiment: LT Buy Disclosure: Held