It's not enough to do anything with really, other than to tie them over until jv is finalized. I'd say the potential partner/s were playing hardball, knowing that ggp were financially squeezed. This money is simply needed to show the potential partners that if the terms aren't satisfactory ggp will return to the original plan of existing wells funding future wells. Which would be great for the long term holders, however a jv partner would really get the ball moving a lot quicker...
Either way (fundamentally) this is a buy for me...
Just my thoughts
GGP Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held
