GLL 0.00% 2.3¢ galilee energy limited

Gadgetman one dollar bonanza, page-10

  1. 1,118 Posts.
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    I think the MC is just way to high for the moment - this is years away from being anything of value. I sincerely hope they hit gas and big but - what about cost out of the ground, licences, pipelines with a toll charge - doing number on $1.8 is setting yourself up for disappointment. This isn't the 'gas rush' days of Sunshine, Queensland Gas and Pure. Too many of those buyers got burnt badly and I can't see them racing in to potentially do it again. It's not a sprint it's a marathon. I still wish holder all good luck. I guess you never know. I just can't see it - the market cap should be cash in hand and a few cents for the tenement as it stands.
 
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