GGP 0.00% 0.6¢ golden gate petroleum ltd

in the week's ahead.........., page-13

  1. 13,525 Posts.
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    Hi Sanity

    You make a very good point not quite so sure of the home loan part.

    The biggest gains in shareprice are often the early ones. That has already applied to GGP as it was below 1c not that long ago.

    With the same money you could have purchased 1mil shares at 1c you can now only buy 434,782 and that has large implications as the price rises.
    But the good news is IMO this shareprice is very undervalued.

    You dont want to be looking back when the shareprice is 4c saying %$#@ I could have got 434,782 at 2.3c now I can only get 250,000.

    If you believe this company has a good few years ahead of it as I certainly do then one should be leveraging off this shareprice and holding on.

    If the shareprice was only 3c by this time next year that would be a gain of around 30% about 5 x what you are like to get from a bank.

    I like many others here think 3c by next year may be a tad conservative.

    If your young now is the time to be taking opportunitys like this as if on the unlikely event that it turns to custard you have time to sort it out.

    Please dont take this as investment advice just a little hint to the adventurous. Now wheres that Whisky.

    Cheers Whisky

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