GGP 0.00% 0.6¢ golden gate petroleum ltd

secures funding for $7.5mil , page-9

  1. 111 Posts.
    Hi NB.
    "This is definately dilutionary. That much is obvious. But we need funds. It will, like it always has, come down to production. If oil flows, the sp will rise."

    I said the same thing to myself 14 months ago.
    Cash burn / continued dilution/ halted wells / pending legal issues killed that hope..... In particular the pending legal issue may actually start costing us real money shortly.
    It seemed so logical back then that once we started drilling, we wouldnt stop,but the logical didnt happen. Whats 'really' any different this time round ? If anything we have less working $$ to apply to the planned schedule....
 
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