GGP 0.00% 0.6¢ golden gate petroleum ltd

so hows it all going?, page-8

  1. 4,600 Posts.
    Lani,

    My comment on EGO was in reference for investors, I wasn't comparing EGO to GGP but if you want to bring that up place both on a 5 year weekly chart and tell me how they would of increased investors wealth. For EGO unless said investor actually traded that 4c-5c spike they would most likely still be sitting on a paper loss.

    Also..

    Stating that GGP is debt free and a good thing. Obviously only reason they are debt free is because no financial institution will currently lend them any cash with the over hanging legal issues.

    Hydra, "GGP has far more diversity, much better leadership and potentially much better resources, and a leader that shows a little transparency when asked to."

    Then why is the IG trying to replace 2 of the 3 directors? Have you read yesterdays EGM statement released by the company? You might want to retract the "better leadership" as leadership of the company is more than just SG on his own.

    Sure it's good to talk about potential of the company and good luck to them for the investors sake. But the charts speak of the history to date and for investors it's an awful long time to have money tied up, sitting on a paper loss.

    Anyway imho I've never considered sub $2 stocks as investments purely for quick swing trades making sure to sell on any hype like a drill result.



    Kat..
 
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