GGE 25.0% 0.5¢ grand gulf energy limited

somethings up, page-18

  1. 1,593 Posts.
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    R, I'll bite cause like you it hasn't made much sense to me either, particularly the 2 big days. I put it down to very clever accts. My theory is the bulk of the 336m was sold/bought back at avg .0036 (ie 3's & 4's) they could have been bought around same time last year (8th & 4th April) at average price of 0.0082 (ie 9's & 7's) result would be about $1.2m book loss.

    I don't know whether this makes any sense and am not a tax acct. so could be rubbish. The thing I noticed though was the .005 selling just kept coming when it could well have kept going up, so at the moment 5 is the magic number.

    This is just ramble though, IMO Alls good, fundamentals are strong, cash in bank, increasing income and several prospects on the go. At least the volume widened the audience and the presentation was seen by a lot more people than otherwise. Can't wait to see what Leduc Reef turns up!
    Cheers
 
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