GGP 0.00% 0.6¢ golden gate petroleum ltd

Ann: Notice of Annual General Meeting/Proxy Form , page-8

  1. 1,901 Posts.
    lightbulb Created with Sketch. 2
    re: Ann: Notice of Annual General Meeting/Pro... From memory MST exhausted all funding options & ASOF was its last financier before it went into admin. ASOF is now trying to restructure & will emerge with a very large majority of issued capital.

    ASOF in MST's case was part of Lind Partners, I assume its the same company involved here.

    I would give GGP a higher chance of staying out of admin than MST had. MST also had a squillion shares on issue & had about $20mil of debt & basically no product sales.

    If GGP can produce commercial oil then it should stay alive, just not sure how much of the company will be left in shareholders hands.
 
watchlist Created with Sketch. Add GGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.