I see two options for GPG. Both are positive for current...

I see two options for GPG. Both are positive for current holders.

Plan A
- medium / long term work through
- aquire with low ball offer
- restructure finances
- improve management
- optimise asset performance
- divest assets as conditions become more favourable (GFC + energy industry itself)

Plan B
- low ball offer (from Plan A) is trumped by another party
- sell out share holding for immediate profit
- move onto another target

If they are aquiring at 10cents, I would imagine they would at least be making a TO offer in the high teens.

Dis. Holding but would buy more if finances permitted. Buy based on M&A activity.