GBP 0.00% 2.5¢ global petroleum limited

spuds ugandan well target 100 million barrels , page-25

  1. 721 Posts.
    I really think the speculators are looking around the:

    1-10 cent stocks, that they 'believe' have the potential to go to, lets say 46c.

    If you take a look at the speculators lately and the absolute rubbish that they are investing in:

    VIL:

    No Cash
    One pretty awful drill so far
    No Other projects
    No future unless FP1 comes off
    MARCAP of $25-45M, what the heck?

    SSP:
    Quarterly loss of of $1.4M
    $14M of debt to be paid
    MARCAP of $35M added to the debt that equals a DEBT/ MARCAP of $49M?
    With a quarterly loss of $1.4M, how do people come to a valuation of $49M, how can the debt be repaid?

    So why look at a company like GBP, that has:

    $25M in cash
    5 producing wells
    A Marcap of $30M
    A drill going down 84km next to a humungous resource that has just been, (only 50%) sold for USD$2.5 Billion.

    Please sell your GBP to me, (preferably at cash in bank value) and invest in VIL or SSN or whatever awful stock the speculators pull out of a hat.
 
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