You know that's not true, there are many Oil companies out there that are way valued much less then their asset value because that's all it is. GBP's board are just sitting on their butt. GBP are many years away from anything happening. Just take a look at the 5 years chart tells you the story.
TRP and GBP are so close, they practically share the same prospects.
We saw how HRT and CHAR dusters still had an effect on GBPs price all the way down from the Orange basin. Conversely if any nearby actively is positive, then one would expect a rocket under the share price when GBP is now valued less than cash.
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