undervalued., page-25

Rob,
Keep doing the research, it keeps the mind active.

The strong support at 0.011 shows that there is still interest in GGE just that the value has a range based on Revenue, cashflows, and reserves ++.

Given the coastal permit and the last ann stating (Half Yearly - 25/3/14) that "A unit owner not presently within the joint operating agreement is required to finalise its participation position this coming week which will clear the way for well preparations to commence." - news can't be too far away.

Since this ann was 4 weeks ago - one assumes that there is a delay in the "Unit holder finalising" their participation in the well.

Obvious questions are why the delay? What does it mean if they don't participate?

Any views?

Leba