I have done the same thing, I have sold just under 2 million shares today and have just kept my original holding of 170,000 shares that I purchased in 2007.
Its far to risky now for me, I had a feeling this would start to go pear shaped because of this oil blow out that has proven to be a major problem for GGE as well as Mantle.
Having to borrow more money than they can really afford and having to re jig the share offer is not good in the short to medium term. If the next wells are dusters, it might be all over red rover for GGE?????
This is frustrating for everyone, if you are a shareholder who is still holdinga large parcel of GGE, then be prepared to lose the lot, but good luck if the next wells are producers. If they are, then I might come back in and buy a larger parcel?
Good Luck
announcement coming, page-30
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Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $12.57M | |||
| Open | High | Low | Value | Volume |
| 0.6¢ | 0.6¢ | 0.6¢ | $1.843K | 307.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 1835723 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 1449825 | 7 |
View Market Depth
| Last trade - 12.25pm 12/07/2024 (20 minute delay) ? |
| GGE (ASX) Chart |