GGE 25.0% 0.3¢ grand gulf energy limited

R15 etal, I think there was more than enough positive...

  1. 1,562 Posts.
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    R15 etal, I think there was more than enough positive information in the November presentation and previous announcements to support a higher share price and also that the company would be disappointed that the presentation given was not received more favourably. They gave the Louise well name "Templett #1" which was a good sign imo and we can all see that progressing slowly in Sonris.

    The elimination imo is as much about cleaning out Dead wood as anything else as those holders could have added at sub .009 anytime from June onwards and haven't. I am confident the quarterly will reinforce this view and we will have a lot more posters at that time.

    Meanwhile we wait and SP goes nowhere as those now wishing to purchase sub 0.009 hold firm. Personally I don't have a problem with this situation and good luck to everyone with their individual strategy. There are many short term opportunities elsewhere and the buy and hold approach in this market can be somewhat frustrating to say the least. GGE is not a traders stock and imo that is currently where the speckie mkt is found.

    Another point from the IP was "Targeting net recoverable reserves of 560,000 BOE in current portfolio and presently expanding its conventional portfolio of assets" we are almost there and more than achievable in March quarter.

    All opinion only, these all have risks so everyone should DYOR and benchmarking to protect your hard earnt money.
    BW to all







 
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