GGE 0.00% 0.6¢ grand gulf energy limited

still believe gge=ssn, page-5

  1. 6,591 Posts.
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    chil020, contrary to SSN 6 months ago, GGE doesn't have large land assets that it can sell off for a large sum of money. I think the point in focus here is that GGE could revelate to be a cheap up and comer in the industry. I'm sure a few on the sidelines were wary of investing in a company (GGE) with no production and in desperate need of cash. Once D&L2 officially begins production in 5 weeks time, and we tie up $7M-$10M in cash through the R.I, I'm sure there will be a hoard of new investors looking to get on for the ride. GGE could rally in a similar pattern to SSN, but obviously it would be for a different reason, that being having some wells in produciton, and some pretty profitable wells at that. What SSN managed to do is very hard to emulate, their board put in an extraordinary effort to get the company to where it is today. Whether the GGE directors are up for the same game? Well we will soon find out.
 
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