GGP 0.00% 0.6¢ golden gate petroleum ltd

management won't listen, page-17

  1. 1,132 Posts.
    Sirjohnny,

    I have mentioned this a couple of times now, but if the company happens to do a CR it wont be a SPP at $15,000.
    It will be a rights issue, therefore the more you hold the more you are entitled to at the discount.

    Just on a side note this is from the Marcus Today newsletter
    "Looking at the Options market – the oil price is expected to hit $150. The number of outstanding calls to buy oil at $150 next December has increased 29% since a November 8 UN inspectors’ report on Iran’s nuclear program. The price of the $150 calls has risen 9.2% to $1.30 since the day before the UN report was published, outpacing the 5.2% gain in oil futures."
 
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