Hi to all As a long term holder, I invested also because of those promises and because of faith in the long term development of these two projects.
My opinion only holders hope it can be received as such, hope to in no way offend or give advice.
Philippines:
1: 90% of the work is completed
2: found oil deposits summary of $1billion+
3: drilled Melolos 1 and 90% completed
4: ( if ) licence extended
5: option to redrill part of Melolos 1
6: redrill new well at cost maybe 600k AUS
7: fixing or new well, we all live happily ever after.
France:
Always been our secondary project don't see that becoming our priority this late in the picture.
1: still in legal debate to retain licences
2: already won 3000Euro per day delayed.
3: France have contested
4: option 1 fight to stay in France and win compensation
5: option 2 fight to sue French government for as much Compensation as possible and leave France.
Summary:
Should we have an answer from Philippines on extending our contract??
Best case scenarios: extended contract for Philippines and a huge chunk of cash from the French government to fund the Philippines, will not need to raise more monies or make any partnerships to complete project.
Medium scenario : GGX goes into partnership or is swallowed whole by a company willing to finish what we started.
Worst case scenario : we fight and win some compensation from both projects but not enough to do much with or we win nothing at all.
GGX in my mind would love to release news on both at the same time to either put us all out of our miserie or make all our lives a whole lot better.
Only an amateur here but wishing great luck to us ALL.
As many has said before me, WE ALL NEED IT!
GGX Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
(20min delay)
