GGE 12.5% 0.4¢ grand gulf energy limited

entitlement offer closed :), page-19

  1. 1,482 Posts.
    No one said that consolidation all by itself will make this dog healthy.

    Off to the DR to get your medicine. This company is making no money; it?s had negative returns for the last 5 years. It is all highly prospective as you know.

    Investors are not going to be jumping in any time soon to push this up to 1 or 2 cents.

    The amount of shares on issue will affect the SP's movement north off this low level. The trading history of this stock has proven this, and after any short term movement, the GGE SP repeatedly ends up back where we are today at around .4 or .5 cents

    This has happened for the last couple of years and it will continue to do so. "BECAUSE OF ALL THE SHARES ON ISSUE" IT WILL TAKE LONGER THAN NORMAL TO CHURN THEM OVER TO THE NEXT LEVEL, especially when there is only a minimal amount of interest in this company.

    It is unfortunate that you just cant seem to grasp that regardless of your market cap and perceived actual value calculations.
 
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Last
0.4¢
Change
-0.001(12.5%)
Mkt cap ! $8.576M
Open High Low Value Volume
0.4¢ 0.4¢ 0.4¢ $1.334K 381.2K

Buyers (Bids)

No. Vol. Price($)
18 14557144 0.3¢
 

Sellers (Offers)

Price($) Vol. No.
0.4¢ 1169793 2
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Last trade - 15.52pm 08/10/2024 (20 minute delay) ?
GGE (ASX) Chart
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