GGP
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0.00% 0.6¢ golden gate petroleum ltd

capital raising

  1. recko1
    414 Posts.
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    30/11/11
    21:23
    Post #: 9370764
    As per today's announcement GGP only have enough cash to pay for one more well. They intend to raise USD$9M via a rights issue or placement to fund subsequent wells along with a debt facility and some revenue from the early wells. Just interested to hear the forums thoughts as to when the capital raising may occur and at what price per share.
    GGP Price at posting: 2.0¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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