GGP 0.00% 0.6¢ golden gate petroleum ltd

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  1. 7,746 Posts.
    "What I was saying is if you google asx ggp you generate a link to HC GGP at the top of the page just under the asx link"

    But is their any relevance? Who cares where HC ranks in a google search. Investors will go to the source ASX announcements not an opinion driven site.

    "If the company in question had only 13.79MC and 100 mill shares then you would be very likely to see 25% rise and falls in one day.
    Put simply your response to this question is meaningless!"

    So you think their is never reason to consolidate?

    Do you have any example to back up your assumption. ie a few companies with MC around $14mil and sp about 14c that regularly loses 25% (3.5c - that's alot of line wiping) then gains it back the next day? Over and over?

    By nature 1tick is 0.5c which is only about 4%.

    With GGP 1tick is 0.1c which is about 25% movement.

    That kind of volatility turns people away. Although ST traders love it.

    The sooner we get to 5bil shares the better imo.

    But for the record im against a consolidation.
 
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