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Global (GBP) is by far the cheapest on the ASX. Its under cash,...

  1. 310 Posts.
    Global (GBP) is by far the cheapest on the ASX. Its under cash, and has 2 off shores in Namibia and one in Madagascar. Directors are well seasoned.

    PVD farming into Madagascar is also a little unusual. Juniors don't generally farm in, they farm out.
    The $20m PVD have on the BS will disappear on that Madagascar seismic, and they will again go back to market by year end ( pending **on farm out ). So based on that we should see a few more research reports on the horizon. They are tracking about 1 a month which is a world record. Not sure how long they can continue to say the capital structure is 'tight' though - its getting 'looser' by the quarter.
 
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