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.
GBP Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held