GGP 0.00% 0.6¢ golden gate petroleum ltd

just in your opinion, page-6

  1. 9,544 Posts.
    lightbulb Created with Sketch. 17
    I am personally bullish about the company but very bearish about sentiment toward it if that makes sense. Disappointments at FP#1 and D&L#1 have added salt to the wounds me thinks. I would think the market has already factored in these disappointments but now looking at 1.6c bid it seems not yet. If you look at the chart over the past five years it looks like a plane crash. I think it is in a parabolic downtrend just like how some stocks have been in a parabolic uptrend e.g. LYC, IGR, AUT, etc. Some stocks get overbought and oversold for long periods of time before they correct.

    I believe in this company but the market doesn't. I think the directors dipping into their pockets to buy a few shares on market would go down very well in terms of reassuring existing holders. Hard to believe this is almost half the SPP price.
 
watchlist Created with Sketch. Add GGP (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.