GGP 0.00% 0.6¢ golden gate petroleum ltd

stale mate, page-2

  1. 4,481 Posts.
    Alecaya, I have noticed that a lot of the regular posters over the last few months are no longer posting.

    This could say a few things, dumped out or sitting waiting, watching, Hoping.......

    I get the feeling that market is the same, waiting news, looking for a reason to sell/buy.

    There does appear to be a stalemate, obviously the traders are staying away.......that's good news. GGP seems to have found a level at present and nothing is rocking the boat.

    I must admit I have picked up a few oppies over the past week with frustrated people getting out when the share price appears to be on pause.

    Things to watch for -

    Another duster at Napoleonville will wipe out GGE (IMO) and cause a small dip on GGP. Alternatively producer - small rise for GGP.

    Any hints of JV for Permian.

    A second hole at Silverwood, unlikely unless VIL finds some cash.

    I cant see any other possibilities presently, I think its just like a game of chess, quietly awaiting the next move.
 
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