prawn_86
Mod: Call me Dendrobranchiata
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Why? What specifically makes this stock so attractive? Some analysis is needed, be it TA or FA.
thanks
Prawn
GGP - Golden Gate Petroleum
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Why? What specifically makes this stock so attractive? Some analysis is needed, be it TA or FA.
thanks
Prawn
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Sorry I missed your posting.
You have raised the same point which I did . But Eureka report is becoming no difference than Rikvin Report now a days. On the same edition of ER one writer recommends a direction and on another article another writer contradicts it. Either way the investor loses if they are wrong and the ER claims victory because they have the pen (and not Pain).
I noticed Speculator recommends or says something and market reacts very quickly. But some of the shares he recommended are not moving at all.
So bottom line I can not say why David H wrote that article - sorry as I was only extracting information. DNH hold GGP.
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I have extracted David H note here:
Dave bought Golden Gate Petroleum GGP bought 40,000 on 25th August 09 at 4.4 cents
As per Company record the ex date was 9th Sept 09. Please refer http://asx.com.au/asxpdf/20090908/pdf/31km555pmc6kw3.pdf from ASX webiste
So technically David was right to get entitlement.
I should have read thoroughly his artcile and bought GGP at that time too
Any hope I have explained
Disclaimer DNH
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Hi All
Is there any news about GGP. Is it going to improve or furter price down fall. I have been holding since a long time. I am little bit worried as its chart is not improving while the others have made significant movement in sp.
Is there any news about GGP. Is it going to improve or furter price down fall. I have been holding since a long time. I am little bit worried as its chart is not improving while the others have made significant movement in sp.
hi albi, i dont know whats going to happen but they have issued a lot of new stock at 3.5c recently, including an announcement yesterday. i imagine some of these are being sold down and that is keeping the price down. i havent heard any negative news...
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G'day all.
I have been looking around for a potential BESBS (Buy Early Sell Before Spud) Play and think that GGP might be offering value since the recent delay in drilling. I have bought in over the last week.
* Golden Gate (GGP) had recently looked like an unloved dog (not dissimilar to LKO before its July action). Production is now up again from the Company’s Bullseye prospect. GGP now produces an average of 241 bopd (barrels per day) and 764 mcf (million cubic feet) of gas a day.
* The latest report showed revenues in the September quarter over $2m. This is going in a positive direction.
*GGP has recently raised funds at $0.035 so the chance of another capital raising in the immediate future before upcoming drilling is lower than before. This lessens the risk of a potential SP stopper. This is sometimes a barrier for many traders and in GGP, this shouldn't eventuate making it more appealing.
*GGP was to drill a well on a new prospect at Fausse Point onshore Louisiana (aiming for 24 Bcf and 7.4mmbl) by mid November. GGP has a 20% interest in the drilling. Drilling has been delayed until late Nov- early Dec (this is only a few weeks away) and many traders dumped out on the delay.
* Currently the SP is close to its annual low (within 20% range). The recent capital raising at 3.5c puts a platform under the SP so it should not dip much (at worst probably between 3.8c and 4.1c) assuming no further delays.
Given the SP has risen way beyond 4 c before and is at historically lower levels now, the scope for a SP rise is high.
* Given OEX and MMR to name a couple, there appears to be still good support for some BESBS plays.
* Drilling is linked to VIL. After watching VIL spike over 3c a couple of times before the delay, this type of momentum can also help GGP as a partner as it is likely that many punters will return when the drilling starts.
As usual, it is simply my opinion and may well prove to be totally wrong. DYOR.
Holding GGP at 4c
I have been looking around for a potential BESBS (Buy Early Sell Before Spud) Play and think that GGP might be offering value since the recent delay in drilling. I have bought in over the last week.
* Golden Gate (GGP) had recently looked like an unloved dog (not dissimilar to LKO before its July action). Production is now up again from the Company’s Bullseye prospect. GGP now produces an average of 241 bopd (barrels per day) and 764 mcf (million cubic feet) of gas a day.
* The latest report showed revenues in the September quarter over $2m. This is going in a positive direction.
*GGP has recently raised funds at $0.035 so the chance of another capital raising in the immediate future before upcoming drilling is lower than before. This lessens the risk of a potential SP stopper. This is sometimes a barrier for many traders and in GGP, this shouldn't eventuate making it more appealing.
*GGP was to drill a well on a new prospect at Fausse Point onshore Louisiana (aiming for 24 Bcf and 7.4mmbl) by mid November. GGP has a 20% interest in the drilling. Drilling has been delayed until late Nov- early Dec (this is only a few weeks away) and many traders dumped out on the delay.
* Currently the SP is close to its annual low (within 20% range). The recent capital raising at 3.5c puts a platform under the SP so it should not dip much (at worst probably between 3.8c and 4.1c) assuming no further delays.
Given the SP has risen way beyond 4 c before and is at historically lower levels now, the scope for a SP rise is high.
* Given OEX and MMR to name a couple, there appears to be still good support for some BESBS plays.
* Drilling is linked to VIL. After watching VIL spike over 3c a couple of times before the delay, this type of momentum can also help GGP as a partner as it is likely that many punters will return when the drilling starts.
As usual, it is simply my opinion and may well prove to be totally wrong. DYOR.
Holding GGP at 4c
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Hi Bigt,
Agree. Also interesting that VIL Has moved yet GGP has not really moved as yet. I realise that they are separate companies and have differing circumstances but you would expect GGP to make some BESBS gains soon given VIL's movement.
Holding both VIL and GGP
Agree. Also interesting that VIL Has moved yet GGP has not really moved as yet. I realise that they are separate companies and have differing circumstances but you would expect GGP to make some BESBS gains soon given VIL's movement.
Holding both VIL and GGP
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GGP is going well so far.
The late buying at 4.5c also sends a strong signal that someone is not willing to risk a further SP march forward tomorrow. Given the recent run of VIL, BCC and BKP to mention a few, I suspect (no proof) that some funds might have been transferred here as a cheaper new entry point to drilling action.
Enjoying the ride
The late buying at 4.5c also sends a strong signal that someone is not willing to risk a further SP march forward tomorrow. Given the recent run of VIL, BCC and BKP to mention a few, I suspect (no proof) that some funds might have been transferred here as a cheaper new entry point to drilling action.
Enjoying the ride
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Ouch...what a week.
Looks like GGP is experiencing some big selling from one or more institutions/substantial holders (IMHO). If this backlog can clear, $$$ still can be made as drilling approaches. The market is a little gittery so that complicates things but the same happened with LKO in July when Pattersons flogged off shares for nearly 10 days and kept price to .008c. After this, the SP lifted. Hopefully the timing of the drill will allow this to happen.
Rightly or wrongly, I sold out to lock in profits in VIL as a safeguard.
Looks like GGP is experiencing some big selling from one or more institutions/substantial holders (IMHO). If this backlog can clear, $$$ still can be made as drilling approaches. The market is a little gittery so that complicates things but the same happened with LKO in July when Pattersons flogged off shares for nearly 10 days and kept price to .008c. After this, the SP lifted. Hopefully the timing of the drill will allow this to happen.
Rightly or wrongly, I sold out to lock in profits in VIL as a safeguard.
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that would be TIG sell i'd suggest since they were issued 40mil shares (at 3.5c) at the last AGM to extinguish some of the debts GGP were carrying
once they finish trying to get their quick few % points this will start to move more appropriately IMO
once they finish trying to get their quick few % points this will start to move more appropriately IMO
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BESBS et al
GGP got the notice today that Tiedemann have sold down about 40mil of their shares and cease to be a substantial holder.... caused the SP to fall to 3.5c and a lucky LUCKY few picked it up for that price
BIG volumes today... plus an update on FP... should be ineteresting tomorrow!!!
GGP got the notice today that Tiedemann have sold down about 40mil of their shares and cease to be a substantial holder.... caused the SP to fall to 3.5c and a lucky LUCKY few picked it up for that price
BIG volumes today... plus an update on FP... should be ineteresting tomorrow!!!
Ta for the heads up...should be an interesting ride for a while....
Im also in AOK which bounced 17% today, finally starting to move.....both these have huge upside, but market is presently over looking GGP....perhaps now volumes will stabilise and supply demand back in balance.....
Grab some popcorn and lets see...
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Yes, by my calculations most of the big institutional selling should be cleared.
Suspect that we saw the impact of that, timed nicely with the announcement of upcoming spudding.
Hopefully we will see GGP push further northward without the burden of the big sell-off...
Holding at 4c.
Suspect that we saw the impact of that, timed nicely with the announcement of upcoming spudding
. Hopefully we will see GGP push further northward without the burden of the big sell-off...
Holding at 4c.
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Also managed to get some cheapies to lower my entry and have now sold off the lot over the last few days. Given the way it got hammered by the institutional selling, I can't feel certain that GGP will rise significantly (probably famous last words as it will rocket now!) in this market. Didn't make a cracker on this one - lost $200 - but won overall through exposure to VIL. Unless I feel confident on a stock at present, I'm focusing on preserving capital.
Good luck to all holders.
Good luck to all holders.
Anybody out there have any thoughts on why GGP keeps getting hammered? Ive picked up some more at these prices...but..im still curious why the sell side is so large. Or is it just that pre Christmas sell off for small caps?
Regardless, i still like GGP. Steady revenue stream and ongoing drilling. Just my thoughts.
Regardless, i still like GGP. Steady revenue stream and ongoing drilling. Just my thoughts.
