GGP 0.00% 0.6¢ golden gate petroleum ltd

JD,I am looking at it as a bridging loan of sorts.If the Permian...

  1. 4,481 Posts.
    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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