why gtp is only under 20c, page-3

I reckon, from the cash-flow point of view, GTP may still well be in trouble.

GTP said it can now sell its cattle farms worth ~$290m. The problem is that they (including cattle) are all mortgaged to banks at a top price years ago. Now the commodity prices has fallen badly (just have a look at the sp of AAC, which sold a cattle farm to GTP), so the sale of the properties would hardly cover the mortgage...

On the other hand, GTP still desperately needs at least $200m p.a. pure cash to maintain the company running. Where can that money be from?

So the continuation of GTP business is still a "going concern".