I spoke to Mark pre the vote ( ps Mark does not hold any shares in GGE), I got the impression from Mark that the 3 mill they would have on hand ( which is in line with the latest cash flow report) would be used to invest in other opportunities outside of O&G.
I agree this has become a long drawn out process, a real kick in the pants for those that have held GGE for years believing it was a good long term investment. I'm amazed that nothing has been announced nor an update been provided since this all took place.
Oil has gone on on a bit of a run of late up about 25% all be it still under $40 - but here we are at pre consolidation levels at .04 with 3 mill cash in the bank and what seems to be no company direction.
I know of plenty of investment opportunities for our 3 mill and one of those is certainly not in a shell. It's starting to look like the timing of this transfer / demerger of assetts was putting the cart before the horse and may have been designed to serve the interest outside of the loyal long termers - not happy with this at all right now.
Burton holds a truckload of shares in GGE would not surprise me at all that he pushed for all of this.
As per usual with GGE - hold your breath a while longer.
Noof
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Last
0.3¢ |
Change
0.001(25.0%) |
Mkt cap ! $9.380M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $300 | 119.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
28 | 28918674 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 6066692 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 27599472 | 0.004 |
11 | 4475392 | 0.003 |
11 | 11600000 | 0.002 |
8 | 42550054 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1150528 | 3 |
0.006 | 5120000 | 2 |
0.007 | 1285351 | 3 |
0.008 | 5480000 | 10 |
0.009 | 400000 | 1 |
Last trade - 10.36am 28/11/2024 (20 minute delay) ? |
GGE (ASX) Chart |