GGE 12.5% 0.4¢ grand gulf energy limited

could there be a worse day for this ann?, page-28

  1. 1,568 Posts.
    Couple of things from today.
    1. There is no leak out of GGE what so ever.
    2. Forget VR, she is a goner.
    3. I first thought it dumb to release this Ann today given the expected bloodshed and the fact it's a public holiday in WA would have been an easy excuse not to. Seems a more mature approach from the company and although exposed to additional drilling costs, the market responded with bugger all volume and someone that sold heads early and went across and bought a similar amount of oppies. My guess only.
    4. From memory we still have enough cash on hand and income for another buy in to another well. Again, my guess only but aside from maybe a last ann re VR and hopefully one or two from our expected 'may' drills, our next one will be another farm in or similar.
    Sentiment remains for me but spewing on VR as it would have given us a good kick prior to the big ones.
    P.S. - its all jnash's fault. Just kidding pal, kudos to you, you had the balls to call it earlier than all of us.
 
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