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13/01/12
10:05
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JD,
I am looking at it as a bridging loan of sorts.
If the Permian is as valuable as suggested then a loan of 2.1 mill now will seem a drop in the bucket and will assist with a bigger kickoff.
Now it was suggested earlier that GGP could be worth north of 15c/share.
Has this been sold to the SI's as - buy now or in 12 months at 5c and the share price is likely to be 3x that amount.
SI stumps up 1 million now and has a choice 15% profit in a few months or 200% profit in 12 months.
Heads or tails - as the 15% profit is basically on the table forever but they have to wait at least 12 months to see the bigger reward.
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