GFS 0.00% 0.2¢ gasfields limited

We all need to be a little realistic come Tuesday Coming up with...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 409 Posts.
    lightbulb Created with Sketch. 23
    We all need to be a little realistic come Tuesday Coming up with $500b market caps is pie in the sky stuff at this stage To earn 20% we must drill 3 wells to start with. At the moment all they probably know is the prospect is gas charged and the thickness.....flow rates per day won't happen for a few weeks at least Even when they are able to come up with a resource Calc and that's some time away yet you will need to apply a NPV of say 20% to establish a current value I'm in this thing in a big way but it will take time to unlock As I've previously mentioned these junior partners will need to have every release cleared by CRC before they release to market(and that's a good thing) Majors don't like getting involved with hyper pumps by junior penny partners. I'd be thrilled with stacks on a .005 bid all day and let it build from there Another point to keep in mind is a lot of those cheap oppies will get converted as well.....a consolation will come and that's good as well to tighten it right up
 
watchlist Created with Sketch. Add GFS (ASX) to my watchlist

Currently unlisted public company.

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