GGX 0.00% 0.1¢ gas2grid limited

That is a good question and I cannot answer that. I can only...

  1. 252 Posts.
    That is a good question and I cannot answer that. I can only speculate.
    Try calling GGX and they will answer you with the accurate answer.
    As for the farmin being live, I believe it is to see what potential interest is out there. And I know there currently is good interest.
    It makes good business sense.
    You must remember, initially GGX was a company that was focusing on gas reserves and providing gas and power to local industries.
    However they have stumbled on potential massive oil reserves. (Great news for us).
    To supply power, there is further costs to do gas piping and provide power generator modules (gas infrastructure).
    Oil is basically an instant cash flow as it can be immediately sold.
    So they are going to focus on the oil where they can start making money immediately (and our shares will then rise immediately) then focus will be on the gas and its infrastructure and to sell gas or power.
    Various negotiations are takiong place as we speak.

    GGX also may want a farmin partner to do the gas infrastructure or with the money raised from oil, do it themselves. I am not sure.
    In my opinion, it is a strategic business way of covering all bases and covering all options.
    I think they want to have as many business options available then decide what is the best and most profitable for the company and its shareholders.
    Talk back soon in a few days.
 
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