GGE 25.0% 0.3¢ grand gulf energy limited

R15 and all, I refer to those earlier announcements regularly...

  1. 1,562 Posts.
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    R15 and all, I refer to those earlier announcements regularly and more often now than ever. It is my view they provide the best insight into the company and puts perspective on our current position and potential value.

    Market says today the company is worth $6.73m. Company has around $2m cash and is generating roughly $400k per month free cash. If they do nothing new they could have around $4.4m in bank in June 14.

    Notwithstanding the above I do agree with the sentiment of your post. I'm giving a benefit of doubt as I believe they have told us what they can but have good reasons that a more detailed update has not been forthcoming. That is my opinion only and if the numbers were not good I would be more concerned.

    It is good to question all views and I am encouraged that we may disagree at times. SP is crap, can't argue with that and someone is wrong imo. ( ps: Contrarian view taken by me)

    The GGP f/n prodn report says D&L3 coming back on line this week, not sure if someone posted this previously but this link gives info on Jetpumps which may be of interest:

    http://www.youtube.com/watch?v=Ss6cAFP1qPU

    Cheers & GLTA



 
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