There hasn't been a big response to my thread titled "disclosure of material event/events" and the reason for the thread was the very unusual 3B ann last week. I firmly believe the Steve Graves was telling/warning the market that this TH was coming and yes I agree it is probably about the Paul Page "option agreement" and or indemnity from Arturus Capital.
The company gave the market a warning to todays Trading Halt only 8 days ago with the 3B ann, containing these words,
3. the date of this notice, Golden Gate is in discussion with several parties regarding funding options for the company, which may include: equity and debt financings; farmouts; full or partial divestment of the Company's projects, including the Permian Project; and mergers, there is no other excluded information (as defined in paragraph (7) of Section 708A of the Act) which is required to be disclosed by the Company.
I also think it has something to do with the Petro Raider case ! This indemnity has been a hot potato even when Arturus ( Caledonia LLC ) held the leases. Arturus only held them for a total of 4 month's or not quite 4 months, and it really does smell of something foul.
Why did they see the need to dump the leases so quick ? Has the "hot potato" been too hot for GGP ?
So is it that Paul Page has won an early decision/agreement out of court ?? If so, it explains the need for a Trading Halt, in my honest opinion.
regards
GGP Price at posting:
2.5¢ Sentiment: None Disclosure: Not Held
