GGE 0.00% 0.7¢ grand gulf energy limited

oppies, page-12

  1. 3,469 Posts.
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    Hap,

    Agree that Ops are stuffed. No point trying to deny it .
    and the .002 dumping makes sure they won't get out ATS.

    With a Sp base of .002/.003 it's going to take a
    decent strike or two to lift heads to .015 for starters.
    On the way up Ops holders are going to sell.

    Probably @ .002 / .003 ( If they can find a buyer
    keen to trade Ops)

    Who is going to shell out $15K per Million to Exercise ops when you can get heads now @ a fifth of that?
    What would heads have to be to make Ex a proposition ?

    How many punters that are holding now , would be left on board post a .015 Sp ?

    With eight months to go and the present market and the lack of activity, it looks very unlikely IMHO.

    Sorry if I sound negative and wish to be corrected if wrong, as I hold a bundle of ops .

    R15

 
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