GGP 0.00% 0.6¢ golden gate petroleum ltd

not long to go now, page-137

  1. 7,746 Posts.
    lol. Everyones opinion is equal. Nosy and Acreage in particular have been very factual over a long period. Now that they see more negatives than positives that deserves credit/respect imo.

    It's a pity that the thread in general has a bit of an us against them mentality. Seeing a positive doesn't make someone pro-management or anti-IG. And even if it did, that kind of politics shouldn't come into it.

    Things can definately turn around. IG is a non issue regarding sp. GGP have insurance cover. Page is still an issue but as GGP have stated will be tied up in courts for awhile.

    Operationally things are hopefully on the up. They are communicating more frequently. They are keeping timelines. They are making promises and following up. Like Cutlass. They announced they would sell and then deduct expenses. Then the update followed up and confirmed it. Same for the retaining of leases and the expected loss of some less productive acreage.

    It becomes a balance of increasing production versus increased dilution and which force is stronger.

    Certainly some large holding by Frank and Tom indicates they think it might turnaround.

    Their should be some sort of turn around. But sentiment is terrible and will hurt sp. History isn't favourable. Many holders looking to exit at first chance. Lind looking for a quick buck.

    I think we just need to wait for flow rates and re-evaluate. Decent flow rates should get us back to 0.5c imo. Only a small consolation. Their would be plenty of rights issue selling at that point and news flow would be needed to clear it imo.
 
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