GGE 0.00% 0.6¢ grand gulf energy limited

The focus seems to bring home the "strong financial" position...

  1. 68 Posts.
    The focus seems to bring home the "strong financial" position and points to very good end of year result.

    "
    Strong Financial Position
    o 2014 Revenue up to ~A$7 million (2013 A$3.5 million)
    o 2014 Net profit before tax, impairment and amortisation ~A$3.5 million
    o Presently A$3 million working capital; no debt."

    I'm no account but achieving a profit of A$3.5M (before tax etc) from ~A$7M revenue would seem to be a great result.  I don't mind waiting for more drilling if the numbers keep building.

    The statement "New Opportunities and Exploration Upside at Napoleonville Salt Dome" will need more information to quantify but supports the previous reporting around multiple exploration opportunities in NV. I guess we will need to wait and see where and when GGE progress the "Numerous high grade opportunities being worked up" but have the knowledge that we are cashed up for these.(Ref summary: "Fully Self funded for 2014/2015 exploration and development.").

    Bring on July...

    Leba
 
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