GGP - Golden Gate Petroleum
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as you typed, i read my report
thanks usually has a bit of an impact, im sure some of those punters would like to get some money back from when is was last advised, at around 4.2c from memory...
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My thoughts on this company is that it has huge potential, especially in the Permium Basin which is the reason I bought in.
Everything else GGP is currently involved with, you could take it or leave it but the presentation on the PB sold me.
Once drilling commences, look out.
Everything else GGP is currently involved with, you could take it or leave it but the presentation on the PB sold me.
Once drilling commences, look out.
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For a 1c share, this must really be rated with huge upside.
Drilling program announced with good income already coming in. 2 great announcements today.Dilution is a problem but at 1c, I doubt there are better for a short term win.
Any thoughts?
Drilling program announced with good income already coming in. 2 great announcements today.Dilution is a problem but at 1c, I doubt there are better for a short term win.
Any thoughts?
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I think this is primed for a great short term trading period. Previous mismanagement means that dillution will hold it back from full potential so will never be another AUT however results from well 1 in the Permian Basin look extremely exciting.
Would love to get someone with some technicals opinion on this. Techa?? anyone ??
Would love to get someone with some technicals opinion on this. Techa?? anyone ??
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Now up to 2c and looks like it will keep going with impending news on the first 2 successful wells.
Positive announcements regarding next wells to drill will further push this up.
Very positive short term future.
Positive announcements regarding next wells to drill will further push this up.
Very positive short term future.
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I expect a very positive announcement tomorrow morning regarding first 2 wells numbers.
Also coming shortly should be news on the next 2 drills.
Dillution is a massive problem with this company, but surely there's a nice bonus for christmas for all investors. Has more than doubled it's sp in the last 8weeks with a long way to go imo.
Anyone out there??
Also coming shortly should be news on the next 2 drills.
Dillution is a massive problem with this company, but surely there's a nice bonus for christmas for all investors. Has more than doubled it's sp in the last 8weeks with a long way to go imo.
Anyone out there??
I expect a very positive announcement tomorrow morning regarding first 2 wells numbers.
Also coming shortly should be news on the next 2 drills.
Dillution is a massive problem with this company, but surely there's a nice bonus for christmas for all investors. Has more than doubled it's sp in the last 8weeks with a long way to go imo.
Anyone out there??
I'm here mate, watching, waiting.
Supposed to have an announcement out by now. This price can only hold so long without any news.
But i also suspect it will be very good news and we will see a surge in price. How much, who knows. But if its anything like last time it could be a doubling again?
Sitting, waiting, wishing.
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Us small-mid cap oil hopefuls are around
Nice new 1yr high today on that imminent announcement.
Alex, are you me? I swear we must hold very similar portfolios because I see you in a lot of the share threads I hold:
Assasin, do you think there's any chance of some sought of share repurchasing or some other reduction of dilution?
Nice new 1yr high today on that imminent announcement.
Alex, are you me? I swear we must hold very similar portfolios because I see you in a lot of the share threads I hold
:Assasin, do you think there's any chance of some sought of share repurchasing or some other reduction of dilution?
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Us small-mid cap oil hopefuls are around
Nice new 1yr high today on that imminent announcement.
Alex, are you me? I swear we must hold very similar portfolios because I see you in a lot of the share threads I hold
Assasin, do you think there's any chance of some sought of share repurchasing or some other reduction of dilution?
That's a very good question. If they sold some of their massive Permian Basin acreage it should go towards a buy-back but without sounding negative, this management is very good at dishing out shares like candy.
IMO this is a very good short term stock.
Us small-mid cap oil hopefuls are around
Nice new 1yr high today on that imminent announcement.
Alex, are you me? I swear we must hold very similar portfolios because I see you in a lot of the share threads I hold
Assasin, do you think there's any chance of some sought of share repurchasing or some other reduction of dilution?
Yeah 9% increase on an imminent announcement, can't wait till it's actually announced!
Haha, maybe I am you, when i first started trading I read thread after thread on here to get ideas of what stocks to look at. Perhaps we just like the same stocks
.Although, ggp and gcn are the only ones keeping my portfolio alive atm.
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I wonder if this announcement will come tomorrow?
Buy-stop entry at 0.024? or will it gap up?
Not sure where to put my protective stop!
Buy-stop entry at 0.024? or will it gap up?
Not sure where to put my protective stop!
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Announcements are out! Permian as well as other projects.
Announcements are out! Permian as well as other projects.
yet we are down 8%??
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13% by end of trade, looks like some profit taking after almost getting into the mid 2c range. GGP is also not completely de-risked, but the AGM seems to paint a pretty picture of some nice production starting in early 2012.
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Smart money selling off on good news.
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Well it's a bit early yet to say that smart money is selling but today's sp result is certainly dissapointing. I don't know what more a 2c company has to report to hold it's sp position. To drop that much astounds me.
Maybe the past mis-management and amount of shares (1.7b) is coming home to bite.
I still believe it will shoot very shortly when flow rates are reported.
I only have a couple of mill bought at 1.4 and .009 and plan to be out by Christmas and estimating 3c.
Do not have any faith in management or their ability to control dilution. Not saying that the SP won't go any higher and this may be a great trading stock in 2012 but it sure aint no AUT.
Happy to here what others think.
Maybe the past mis-management and amount of shares (1.7b) is coming home to bite.
I still believe it will shoot very shortly when flow rates are reported.
I only have a couple of mill bought at 1.4 and .009 and plan to be out by Christmas and estimating 3c.
Do not have any faith in management or their ability to control dilution. Not saying that the SP won't go any higher and this may be a great trading stock in 2012 but it sure aint no AUT.
Happy to here what others think.
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Yep, looks like more dilution in the near future... holding 2c though so good flow rates should hopefully push it back up to the mid 2c range.
I'm also short term as well having bought in at 0.016/7 but so far GGP has nicely paid for some HECS.
I'm also short term as well having bought in at 0.016/7 but so far GGP has nicely paid for some HECS.
