GGE 0.00% 0.4¢ grand gulf energy limited

Ann: WBE: Wizard Lake Development Begins with Funding Boost, page-17

  1. 1,018 Posts.
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    Given that there is crossover of directors,it seems to me that they are using GGE and it's cash as an easy funding vehicle for WBE,with it being dressed up as a capital return for the benefit of shareholders.I would be happy to have a capital return,IN CASH,which I guarantee wouldn't be used to buy WBE.If I wanted that stock I would buy on market and likely cheaper than GGE are paying.Sold the last of my GGE @ .005 for the moment,but I'll still trade it,maybe. If the directors really wanted to benefit shareholders,I would suggest more effort to farm out yellowfin,rather than give away all the cash to a director related entity.
 
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