GGP 0.00% 0.6¢ golden gate petroleum ltd

look at the big picture

  1. 3,351 Posts.
    Investors,
    i have been taking the time to read all the posts laid out by many knowledgeable posters and alike and as such am afraid to opinion that many have lost the big picture.

    Agreed that there is a dilutionary effect that will happen due to the merger but one needs to evaluate the circumstances surrounding the proposed transaction as well as the intel that the 2 firms might have in their cards. It is plainly obvious that though both firms, being pass and GGP, have been operating independently, that they are one of the same. This means that GGP and Pass are well aware of the projects' upside. They have now increased FP and Silverwood, among others in their unified portfolio, to majority holdings and many in here are still unsatisfied.

    One needs to understand the mechanics of the merger. Granted it is frustrating to have a bit of dilution BUT what is more important to investors should be the savings in communication costs and the impending cashflow from FP 1. They are in the midst of a massive drilling campaign consisting of 6 drills and 2 production tests..this should start in the next couple of weeks.

    The upside here is quite high...my opinion is that FP is the company maker for GGP that will set the dominoe effect with all the other projects. Many investors might not like the dilution BUT it is time to get over your high horse and look forward to cashflow from the projects. Ultimately, these are the triggers that push the share price up regardless of the dilution. I would bet that most investors never did care about that effect when the first flow rates of FP were released a while ago that surged GGP's share price northwards.

    Comments; The options, in my opinion, are an incredible bargain.
 
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