GGP 0.00% 0.6¢ golden gate petroleum ltd

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  1. 8,028 Posts.
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    Of course it has printed a shed loads of shares, so at 17.5 cents it would be a $250m dollar company (which is what it is worth fundamentally according to management), at its peak in late 2008 it was a $100m company, so it would be a huge company if it went to 17.5 cents.

    For me the weekly break of 1.5/1.6 cents has opened up a major trend reversal. A weekly close at 1.8 cents or better would be the final trigger.

 
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Currently unlisted public company.

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