GGP 0.00% 0.6¢ golden gate petroleum ltd

end of the road

  1. 685 Posts.
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    Hello everyone,

    I bought in GGP a while ago and hoped that there was going to be a turn around in management and some luck with horizontal wells to be drilled. However much to my disgust the performance of management has proven to be pathetic.

    I guess i'm one of the lucky ones to have not bought a huge amount of the stock based on it's risk. However now I am at cross roads...

    Do I sell the stock and take my losses with a grain of salt?

    Do I wait, and see if the company is bought out by a better managed company with funds? Or hope that we will hit the mother load of oil and that management doesnt F$%#K that up too?

    If I wait- what are the chances of a share consolidation which will then mean risking the prices falling even lower?

    I'm sure many of you are in my position so your advice would be appreciated...
 
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Currently unlisted public company.

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