GFS 0.00% 0.2¢ gasfields limited

Ann: Trading Halt, page-46

  1. 658 Posts.
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    I'm of the opinion that there will be a "preliminary financing announcement" for the next 2 drills, and maybe an announcement regarding the preliminary agreements ( and financing arrangements) for the pipeline construction, from site to the main arterial pending the flow results.
    There could be a strategic consolidation , but more likely I feel it will be around the initiatives planned for sourcing funding from the pending off-take agreements for the gas and implementation of the proceeds of sales of other asset interests.(i.e. Botswana)
    This is my speculation and just like the countdown clock that went around twice, it may be a non event.
    However if it materially affects the company's working capital and thereby its income valuation it would warrant the TH. I sure hope it is not an increase in share-issue.
    At least the TH has accomplished 1 thing it has given me a small respite from the .001 to .002 ping-ponging .
    Hooray stable at .002 for a change even if it is forced
 
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