It's weird. Results are terible. But Petro still want their 25%. And GGP are going down fighting to retain that 25% and more so to retain CDP acreage. So everything points to it being valuable other than past results.
But right now we are struggling to survive, let alone expand. Even the cash extension option looks difficult with current cash balance. And drilling looks virtually impossible. So retaining leases must be a serious concern.
I really beleive the heavy volume of selling at 0.2c is just shuffling the deck chairs and hoping to sucker a few real buyer so that Lind can offload. Their is an infinite supply for sale and no change in sub holder. So no big buyer, and presumeably no big seller.
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