GGP 0.00% 0.6¢ golden gate petroleum ltd

steve graves resigns, page-34

  1. 7,746 Posts.
    Maybe I wasn't clear. The resignation makes me feel slightly more upbeat. All the issues are still there. But maybe some changes can occur. Maybe Page will talk with new people.

    And the bit about Frank and Steve, well, it just wouldn't surprise me. We know GGP are struggling. We also know they are shopping the lease around. It would be a kick in the gut but would it honestly surprise you?

    Not sure about all these lease expiries. I would have thought/hoped/expected that they would be announced to asx. So we can only hope they have been extending them on a month-by-month arrangement.

    If they are lost, then the legals all but vanish. But GGP are left with virtually nothing. But funding requirements would drop. Basically a shell and start all over.

    If they still have the leases then still need to solve everything.

    The turning point for me was being told they were keeping money aside for another hori. When clearly the financials say otherwise. I knew it was time to walk.

    Does anyone know how many applicant applied for the consultancy position?
 
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