Any thoughts on GGX?. Totally out of favour with market and just...

Any thoughts on GGX?. Totally out of favour with market and just about out of cash, now among smallest market caps on asx. Stuffed up drilling of philipines well after what looked like initial good results. Has application for european acreage (gas), result of which due late 2006. philipines acreage still looks promising, could farmout(think they have 100%) or do capital raising. I like to be a bit of a contarian so got in yesterday for small holding. Taking punt that most sellers now out and hoping for future news to turn around market sentiment over next 12 months.