You may or may not remember about 12-18 months ago Chris from Port Phillip Publishing did an article on then Eastern Corp saying that its true value is closer to $2.92 after he did his calculations on Eastern which he said going by what other companies around Eastern have hit at the basin there's no reason not to expect anything less than around 200 TCF of gas. The stock quickly ran to 90 cents and then he was forced to retract from his comments either by the ASX or Eastern themselves.
I still beleive that the company is about a month or so away from confriming that they have hit pay dirt. I can also assure you the first announcemnet re the TCF will be a moderate one only to be confirmed after a few more drills that it is considerably more than first reported. The company dosent like blowing its own horn nor does it like having a share register with a ship load of day traders. GLL is going to be a classic case of THE WORLD IS SLOW BUY THE OX IS PAIENT.
Good luck to all GLL shareholders.
Im no broker so believe what you want.
GLL Price at posting:
28.5¢ Sentiment: ST Buy Disclosure: Held
