GGE 0.00% 0.4¢ grand gulf energy limited

is today the day?, page-34

  1. 1,482 Posts.
    When and if the directors start buying again, because they know the well is going to be economical, then maybe that will be an indicator - green light that will kick off the SP to new highs.

    When Charles Morgan purchased, I think around last December from memory at around 0.7 cents, I purchased when I saw this news at 0.7 cents, and the SP rocketed up to around 1.8 - 2 cents not long after that.

    I have since traded out of that position but still hold a parcel purchased in 2007 at around 8.5 cents of which I am well down on and will just have to hold on to them.

    If the Directors started buying again, then that's when I would maybe consider taking another short term position in GGE. But I would do so with great caution.

 
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