GGE 25.0% 0.3¢ grand gulf energy limited

Scott, that was a very good post. I'm a sticky beak also and...

  1. 1,562 Posts.
    lightbulb Created with Sketch. 6
    Scott, that was a very good post. I'm a sticky beak also and despite that have a couple gaps in my analysis which may explain my cautious approach. Those gaps have had hints and I can guess but until confirmed are still gaps.

    Personally I'd of updated frequently on the 2 production facilities progress over the last 6 mths with some pictures. Low hanging fruit and a free kick to reinforce we are now in production mode. Very few, if any of the peers are making money and those that do have large admin costs which wipe out the production. This point is lost to a market that is focused on drilling to pump Share Price to make a quick $.

    The market currently appears weary of all the O&G juniors and even though we were undervalued 2 years ago we have suffered the same fate as everyone else despite no CR's and reasonable results. Imo Neither our production or reserves are currently valued in the SP and if they are then it is impossible to understand the mkt cap's of most peers relative to GGE.

    GGE ann's this year have kept it a small target on the forum's and they have largely escaped the negativity some of the others have experienced.

    The Unconventional is another story. I wouldn't touch that Permian, we can do better without the baggage as seen in the stuff I posted the other day. For GGP I think their Napville interest is a lifeline and imo worth more than than other stuff. Louise is free carried for them so if successful will help a little and the production from the 3 valued at $90k will give a foundation to slowly rebuild.
    All opinion only and
    Happy new year to everyone,
    Bw

 
watchlist Created with Sketch. Add GGE (ASX) to my watchlist
(20min delay)
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 28928674 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 6066692 4
View Market Depth
Last trade - 10.36am 28/11/2024 (20 minute delay) ?
GGE (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.