GGP 0.00% 0.6¢ golden gate petroleum ltd

Hi Nigyrob,Well put. Would like to add that there are some quite...

  1. 509 Posts.
    Hi Nigyrob,


    Well put. Would like to add that there are some quite big sell orders in the que like 7,828,572 at 1.2c thats $94,000.
    Given that there aren`t many shareholders with that parcel size I expect its a major shareholder or SI with Novus and the money may end up going back into the company as a capital note purchase. The order appears keen to cash up.

    So while the market depth may look like it has plenty of supply I believe the story is not one of taking money out of the company but reinvesting it in another form.

    Going by the EGM doc and current noteholders it appears there is some recent action there also.

    Just my opinion
 
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