GGE 8.33% 0.6¢ grand gulf energy limited

Ann: Jesse-2 Successfully Reaches Primary Target, page-40

  1. 117 Posts.
    lightbulb Created with Sketch. 35
    This should be at a significantly higher price at the moment with where everything sits:

    Known Resource
    Drill stage
    Experienced Drill supervisor
    Experience from Jesse 1a
    Offtake agreement
    Nearby Pipeline
    Nearby Unutilised Processing Plant
    Permit for third well
    Short time to significant monetisation

    Unfortunately due to the market not wishing to take any risk and the capital raise we are where we are, as utterly ridiculous as it is.
    Surely a company with a market cap of around $40 million with the potential to make 10 times that in 1 year in the near term has to be rerated but logic has gone out of the market currently.
    An improving market and a successful well with more wells to follow then this has to be at least 50 cents by the end of this calendar year.

    GLTAH
    DYOR

 
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