GGP
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0.00% 0.6¢ golden gate petroleum ltd

napoleonville, page-9

  1. 5hareholder
    6,591 Posts.
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    08/11/10
    13:40
    Post #: 7443540
    Just curious, if GGP currently has cumulative flows of 30BOPD, then why is it's market cap only $2M?

    Does the company have lots of debt or something?

    I would've thought a fair value was more around $3.5M-$4M to be honest (share price of about 4cents).
    GGP Price at posting: 1.8¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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