GGE grand gulf energy limited
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The next Qtrly report will be out in a few weeks. Production or...

  1. monark
    7,877 Posts.
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    04/10/17
    22:39
    Post #: 27666948
    The next Qtrly report will be out in a few weeks. Production or revenue has been very stable for some time and around the $800k mark. POO has risen though adopting a more conservative revenue figure of $800k, my expectation for operating surplus for the Qtr is:

    Revenue: $800k
    Less:
    Exploration & Evaluation: $50k
    Development: $25k
    Production: $250k
    Staff Costs: $90k
    Admin: $60k
    Subtotal: $475k
    Net Profit from Operations: $325k

    Cost figures are form the last 5B . If we add anything near $300k to cash balance i think its a very good quarter and cash will be very close to current market cap.

    Thoughts ?
    GGE Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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0.000(0.00%) 		Mkt cap ! $5.640M
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0.3¢ 16033064 28
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