Obviously quite a few people on GGP threads over the xmas break! You guys should have turned off your computers for atleast a week and enjoy some time out lol. I did, I went bush and loved it!
Oh well, back now getting ready for work tommorrow!
so, 1/7 cr and the SP keeps rising eh Brad? Depends on how you look at it i guess. looks to be range trading to me.
Is GGP due a re-rating? Looking at what they have said they will do and looking at what they are actually doing, it seems to me that all is going to schedule. That is the most important thing IMHO. Market likes certainty, but IMHO this may crack 3c before 4 wells are producing. My take on it all is that market will wait until 4 wells are up and running before a re-rating occurrs. (I dont think 3c per share after 4 wells are producing is a re-rating by the way).
CR is a non event - it is factored in IMHO. And if CR is 1.7c and if SP is 2.4c then that is .7c difference. Hmmm, I KNEW they had offerred the CR too cheaply. Should have done it at 2cents minimum!
Have a good day all
GGP Price at posting:
2.3¢ Sentiment: LT Buy Disclosure: Held
