GGP 0.00% 0.6¢ golden gate petroleum ltd

basic reason, page-11

  1. 241 Posts.
    Hey guys,

    This is another part of my email with CR. His response to me questioning whether he believes the current shareprice reflects the fundamentals of GGP.

    Quote "I am unable to legally answer that question given it would be construed as giving financial advice. In general terms however I think that the market rarely gets the share price wrong for very lengthy periods. The GGP share price is hampered by a significant ownership by day traders and the fact that investors are looking for stable production rates to be established." Unquote

    The exact production numbers is what everyone is waiting upon. The company is in a fragile balance working on agreements that will secure long term profitability versus giving too much away and being vulnerable to takeover.
 
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