GGE 16.7% 0.7¢ grand gulf energy limited

other stuff, page-23

  1. 1,593 Posts.
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    Watching the share price atm is similar to driving with a cracked windsceen, i doubt the $34 today is anything but someone with a sense of humour.

    I have options at .002 & .001 but not worried cause the heads now are .002 not .015 and personally have been pleased mgt did not sugar coat news over the past 6 mths to grab the cash. Many bag these guys but look at some of the other coys with their false hopes over the past year.

    Expecting more of the same sp wise for a while, it will take patience to sort out the napville and that delay is understandable when you look at the pictures. GGE had nothing to do with the Sinkh and some context to delays will assist any sh decisions.

    Looking at the presentation my guess is we are hoping for about 200-300bopd total from Desiree, GGE's share at that rate would be about 120boed and that plus the others gets us around the $450k/mth.

    It is equally possible post cons the sp will stabilise not fall dramatically, some support may be anticipated but obviously atm the money is staying in the pocket and that is perfectly understandable.

    Anyone's guess really, each to their own
    Cheers



 
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