GGP 0.00% 0.6¢ golden gate petroleum ltd

Not wishing to panic holders here but it does seem that major...

  1. 52 Posts.
    Not wishing to panic holders here but it does seem that major shareholder Eastern Advisors is dumping GGP stock at will.

    I have no idea why they would be ditching (at a record low price) but how does this situation effect the statement that the company (GGP) are dependant on their major shareholders support to assist their perilous funding position? It surely cannot be positive ahead of the forthcoming meeting.

    That said this is probably why the shares are at new lows as the market could be worried over the company's future. If GGP can clear up the funding issue and EA stop dumping then there could be a significant rally in the stock.

    GGP need that reserve number urgently to put a valuation on Miogyp IMO.
 
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.