As foretold here some time ago the much awaited placing has occurred at 75p.
After many emails from nervous GKP private investors i shall try to convey the sentiment re’ this stock. (As a holder of 50,000 myself).
When you have a find such as Shaikan with many billions in OIP waiting to be sucked up (with much more to come) the market sets out a strategy based on what the market knows and suspects what is going on behind the closed doors of the boardroom. Over many decades these market/brokerage plays are based on past historic results within the companies sector. There is a two-track play being mooted here takeover then production or production then takeover there are only two outcomes. If/when GKP get into production then they will be taken over but make NO mistake here TAKEOVER TALKS HAVE been ongoing on an ad hoc basis since the shaikan find the stumbling blocks are myriad;Price,the region,global recession. Could any multi-national afford to pay $20 per share bearing in mind the regional difficulties and the Global downturn how would it look if the region descended into anarchy and civil war after just splashing out many billions in dollars? Any multi-national board would be crucified and ejected at an EGM that is the reason why takeover plays of GKP have been conducted in fits and starts with rumours galore abounding.
We here have seen many,many different plays re’ this stock some investors have made fortunes others are holding for the big spike that WILL come. Yet others have run away with small losses as their nerve buckles. If these go any where near 60p my advice is to re-mortgage your houses and buy buy buy.
I have an order in-house here for a further 100,000 if they drop below 64p.
Any private investor in my opinion who sticks with GKP will be hugely rewarded. Set against a global recession, with a British parliament about to make 20% across the board cuts and based in a region that has been historically riven by war is it any wonder that we are stuck at the 70pish mark?
Fill your boots! When it comes you’ll all be moaning and whining about how you have missed the biggest price spike of the year!
PS Nautical and Encore watch them closely.