GGP 0.00% 0.6¢ golden gate petroleum ltd

not long to go now, page-35

  1. 7,746 Posts.
    I personally disagree. I would say GGP has always been a very tight ship. Maybe too tight to the point we are blind. But communication has improved. It it were a leaky ship perhaps we wouldnt be in this position and the legals would be out in the open 12months ago.

    I know I've never recieved any information that was material or insider. Yes, the company (recently) respond well to shareholder inquiries. But surely that is a positive, being able to call and talk to someone and actually have things answered. I don't think they should be criticised for it.

    I've only every discussed legals, timelines, shareholdings, funding, etc with them. All of that information is/was available in prior announcements.

    The main difference is the legals were more comprehensively disclosed in the prospectus, and the timelines are finally being met after many promises on fraccing.

    I certainly don't believe it was "deliberate". Why would they gain by deliberately decieving?

    It's a spec stock and most announcements have a million disclaimers. As investors we take on risk. At this end of market the risk is high. Sometimes things work out, sometimes they dont. Nobody wins in a blame game.

    The biggest risk has always been funding risk imo. And that has only partially been addressed. Yes we've secured funding, but on it's own it is not a winner. Potentially very dilutive.
 
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