GBP global petroleum limited
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cash backing about 14 cents?

  1. Conrad4
    655 Posts.
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    25/02/10
    09:31
    Post #: 6374382
    Any-one knows if GBP still has about 25 mln cash? Because with 175 mln shares on issue this means 14 cents per share.

    A drop in share price equal to the London drop (-32%) would mean the GBP is going to trade below cash backing.

    This should mean further downside risk is Limited.

    Any ideas?

    Cheers
    GBP Price at posting: 19.0¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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