Member Info for SunkenSailor

And when the time is right (some might say now - Company was way oversold, Omar, Juno is already transformational news, without the farm in), bullish divergence built in over a long time keeps pushing the shares up.

Zak may have his targets wrong, he often does, people may well still not be selling if we get upto 0.45.

We are being told a farm in is close, which potentially has us drilling into a 2.3 billion barrel ($160 billion dollar) resource next year. to firm up (prove) our share of it That bullish divergence has been building for about 10 years, make your own mind up, is the timing right for it to play out into the SP?

I think that this is way oversold still and could go much higher quickly, I had a look at what caused the previous spike in the shares to 4.38.

It was an RNS to say the other Namibia licence GBP used to own technical work showed 3 billion barrel potential in that block - I think we still have options to take back that block. The company switched its interest to PEL 94 because it had a partial coverage 3D seismic data set already available - which has allowed us to develop "drill ready targets" - which is important (that's what operators want - "to be first movers").

So if that caused a spike to 4.38 then where are we going to with farm in and likely drilling news on 2.3 billion barrels.

So who is going to sell the share when we are being told a farm in and drilling is coming. Personally think that we could be building big green monthly candles for a long time yet, those growth metric potentials we talked about at the weekend, like the GGP of old chart, but better - but with both oil and gold.

Yes its difficult when you are underwater, always need to remember it is the company you are investing in, to make sure you are not holding a "pip" you didn't ask for at Xmas.

It is never the assets themselves you invest in, but the company. The Company can get into trouble and go bust, debts, loan sharks, low ball placings if their plans are not rock solid. The assets just get bought out of administration.

Always have to think, who else is going to buy into this stock? - I am hoping the GBP story will sell itself. I actually dropped those guys on MATD a note to wish them well, it looked like their SP had dropped below long term support.

Omar Ahmed is a super cool name - I could see our CEO taking us to a 250 mil Mcap in no time - 6.5p, Fill out some more of that big bowl in the monthly chart - in anticipation of drilling into those expected $160 billion dollars oil reservoir hopefully next year, along with our major company "commercial" partner when the farm in is announced

Good luck, wishing a pre christmas bounce for you, out of that bear trap zone, hopefully you are due one.

2 year cup and handle formation in weekly chart - 0.7 initial target above 0.37, current SP 0.29

Bullish CEO says he wants to turn GBP into a 1 Billion plus Mcap company (90 bags from here)

Huge prospective resources in oil and gold to be proven drive growth towards targets - news flow on oil and gold fronts

Namibia oil licence farm in talks ongoing in London with Oil Major operator

Global Petroleum GBP Risk vs Reward - Potential risks, the lows 6 bags down versus the potential rewards, longer tern target 818 bags up (based on GGP exploration and feasibility phase growth metrics

GBP exploration minor SP 0.29, Mcap 11 mil, c.55 billion unproven prospective resources (a guess pending on farm in terms and Juno results), a mcap to prospective resources ratio of c. 1:5000, currently sitting 6 bags above its SP low of 0.04, with an SP all time high of 33, so currently 120 bags below its SP high. Future target SP? If the same as happened during GGP explo phase happened here (ie prospective resources are proven), then maybe the mcap to reserves ratio (once proven) can increase from 1:5000 to 1:6 like it did at GGP, that would mean the GBP mcap would be 55 billion divided by 6, c.9 billion, which is a share price of 237, and is 818 bags up from the current SP of 0.29

Hopefully leaving the 0.2s behind here at GBP early next week - lets see

Appreciate my words here this weekend on your other investments, may not be to "everyone's taste". They could be viewed as a bit too "brutal", but they are my "honest" views.

Aimed at keeping the shirts on all our backs, and hopefully allowing us to buy some new ones for our kids.

MH I really don't know what to say to you, you have been a total pain here for months, maybe in some way thinking you are protecting your GGP investment by bashing Global Petroleum. l really don't want anyone to loose money anywhere, we all have things go the wrong way on aim stocks (gamblers) investments. GBP could easily go the other way, but to me it looks the "stronger" situation.

I think GGP came through an off axis head and shoulders running through an axis about 19p or just less beneath the high, but the axis could be higher around 20p beneath the high, and I could be wrong. If it took a H&S then they both predicts different lows for the share than the other - I could be wrong about the head and shoulders formation, the lines are subjective, but I am not invested there, so what do others here that are say, that read charts?

I really don't know, GGP might go up, but I am not investing to find out. Just a thought, but you could hedge your bets, accept you don't know which is best, and put half of what you have into each? Maybe it means you have to accept a paper loss initially, but at least then you have 2 chances.

This has been a dog of a board for weeks, with random people spouting and affecting our investments here, trying to tell us that GGP was a safer, better investment than GBP, and spewing reams of bull about our investment here at GBP being a "risky dog" . So I think it is important to try and make some comparisons, and look at the risk and opportunity in each, and there are good metrics to go by from GGP exploration and feasibility stages.

Greatland gold, GGP RVR - Potenital risk, the lows 120 bags down (you decide) versus the potential rewards, 5 bags up ? (the highs)

Global Petroleum GBP RVR - Potential risks, the lows 6 bags down versus the potential rewards, 818 bags up (based on GGP exploration and feasibility phase growth metrics)

Thats my perspective, but who knows what will happen to either, so make your own minds up if you see the risks and rewards different, in your decisions as to how much money you want where. For info, it does look like there are three hammer candles in GGP monthly chart, so maybe due decent rise, on the back of the new deal.

GGP explo minor with (major) mining aspirations, SP 7.2, Mcap 750 mil, 23 bil proven reserves, Mcap to reserves ratio of c. 1:30, sitting 5 bags below its SP high of 37, and 120 bags above its SP low of 0.06. Target? - to retest the highs 5 bags up. During GGPs explo and feasibility phase the GGP SP hit a high of 37 a circa 3.75 billion Mcap, giving a Mcap to reserves ratio 1:6, a share price at that time that was 616 bags above its low - way overbought at that point !

GBP explo minor SP 0.29, Mcap 11 mil, c.55 billion unproven prospective resources (a guess pending on farm in terms and Juno results), a mcap to prospective resources ratio of c. 1:5000, currently sitting 6 bags above its SP low of 0.04, with an SP all time high of 33, so currently 120 bags below its SP high. Future target SP? If the same as happened during GGP explo phase happened here (ie prospective resources are proven), then maybe the mcap to reserves ratio (once proven) can increase from 1:5000 to 1:6 like it did at GGP, that would mean the GBP mcap would be 55 billion divided by 6, c.9 billion, which is a share price of 237, and is 818 bags up from the current SP of 0.29

GGP transition to miner is proving hard. Haveron is a dog of o mine to build - way more cost before you can get at hat gold

So they have bought Telfer to help -

Q Is it a good idea to buy a non producing dog of a mine, which needs loads of work to get prodcution, to help you with another massive construction project?

A, on a postcard

Q Are GGP talking on a lot, without much coming in ? Does that bring risk ?

A on a postcard

https://www.share-talk.com/newmont-has-ceased-gold-production-at-telfer-mine/

https://en.wikipedia.org/wiki/Telfer_mine

Yeah ridiculous targets! I don't see anything ridiculous about $10 mil market cap for an aim stock, like this one has at the moment or at GGP being on at 0.08 which would be about $10 mil mcap. Many aim stocks would be proud of a 10 mil Mcap, If more shares are issued you could be at 0.08 with a higher mcap even.

I could easy how GGP could get to 0.08, as they try to transition to a miner. Say get into debt issues like so many miners do, or need more placing, after finding out you need more money to build the Haveron mine. Typical mine development risks.

I could easily see the mcap of each company could reverse next year, if things go to plan, and the farm and drilling come off, but it could not happen or there be a placing here too to send it down. Maybe even more if Juno came in like Haveron, did Haveron alone not drive GGP market cap upto $2,5 billion whilst it was being proven in the exploration phase.

But you say GGP is safer and a better investment - why? what is your target upside, and do you not see the above as risks?

There is upside and downside risk here too. Leew, I am not saying GGP should be 0.08, I am saying I see risk in the chart it could get there, and I have not been given an explanation as to why it will not go lower. If GGP is a miner now then I expect it is mining revenue that will support the mcap?

There is a reserves to mcap of 20:1 at GGP. Which is supposed to now be going to be a producer, but no one seems to be able to tell me of how much / what value it will be producing? Also is there a debt that GGP will need to service when the deal is done? and is it revenue from production that is required to service the debt?

The markets are not a bank, I would not recommend putting your money in any "bank of aim" stock, if there is no drivers for growth, do you not think it will drift or go down? as people sell looking for something that might go up,

There are risks for exploration and for development companies. Why put your money into an aim stock like GGP if like you say you don't expect your investment to go up - Leew you advised that you see your investment in GGP as safe - I am still struggling to understand why?

Can anyone explain why GGP is a "safe" place for your money? or why we should invest - what is the upside target and why?

Sorry Gunster, just realised there is a typo on your name in m post there.

H Dunster,

$23 billion proven resources to be mined, is that in Haveron or Telfer or both sites combined, any more resources to add in? Circa $1 bil mcap - a proven reserves to company mcap ratio of 20:1

What is the current gold production at Telfer, or what was the last known gold production at Telfer, how much revenue will the mine generate? how quickly do you expect to be able to get decent production? Understand Haveron is still a long way from production. Does GGP have debt to service?

I am expecting this exercise will help all, everyone invested here and there at GGP, as there are obvious similarities between Jono and Haveron and both stocks history & people involved, albeit GBP is also a Nambian oil play.

GBP unproven (prospective) resources $120 billion oil and say also $23 billion gold (unproven), $0.013 Billion mcap. An unproven (prospective) resources to mcap ratio of 11000:1

Hi oilworker,

If you click on my posting history you can read some of my past posts here on potential, farm in partners.

Totally agree with you Azure (BP / ENI) joint venture would also be a strong candidate as the farm in partner here.

One of the other reasons, I was thinking maybe Exxon is that they have a drillship on hire, just over the border in Angola. Also, they are super competetive with Chevron, who have already farmed into this basin once this year.

Leew,

Can you answer those questions in my previous post, to explain the basis for the current mcap of GGP.

From reading your post. I think your post saying you think you are safe in the GGP valuation, in that the SP will not go down - you see it as safe, can you explain why?

And that you think GBP will go up from here, and then stop, So what SP are you expecting iGBP to go to in the short term then stop, do you have a target price up? But at the moment you have more money in GGP because it is safe, although you are not expecting it to go up?

Just looked at the GGP chart, formations and features mainly, and the high mcap and number of shares and saw risk, and came to a GGP TP of 0.08

Hi Fraser,

We don't know which operator for sure, but oil and gas majors are the main player, buying into Namibia - the new oil and gas hot spot (due to the size of the finds),

The main guesses are Chevron, as they already own a lot of accerage, but also Exxon as they have accerage they have just drilled on north of the border in Angola.

The main attraction for operators here is the technical work is complete on 3d seismic for some of the block. So we have drill ready targets, meaning the operator can move fast to drill. I have some TRP shares buy less than here, as their technical work is less progressed.

Not sure if there is anything in this, but someone mentioned here that the CEO here had put a like against Exxon on twitter or something like that

There is risk and potential in both, but amongst risks and the high Mcap, the chart formation in the GGP chart from higher up would worry me, I have a target price of 0.08 at GGP.

What is the basis for the GGP valuation? If it is gold, what is the value of the gold in stockpile at Telfer, does GGP have debt to service? How much revenue does Telfer produce daily? I understand Haveron is a half built money pit of a mine a long way from production?

Any aim stock has risk - so what is the upside you are expecting at GGP, and when are you expecting it to come? - Can you explain what are the reasons for taking the risk and putting money into GGP?

I don't get why people think it is safe to be in an aim stock like GGP at £780 mil market cap, miners especially seem to go up to the top and then back to the bottom.

Hoping we safer here with a CEO telling us we are on our way to above £780 mil market cap, whilst we are here at £11 mil.

With the assets an oil and gas major operator (Shell, Exon, Azure, Galp) want - happier with my investment here, but that's just my view, I could be wrong - what do you think?

Lets see, we may get some selling out of overvalued GGP and buying here late today into this undervalued situation.

We look ready to push higher here, after the inital rise we had, and now breaking out from the consolidation, it just looks like start of a second phase of the initial rise.

But don't come moaning if it is sitting at the highs or above by the end of the day.

We are being told that a major oil company believes there is a good chance we are sitting on a 2 billion barrels of oil, that they want ownership of - they want a good chunk of our 78%..

All those previous spikes in the monthly chart (highest 4.38), were caused by people believing in a gigantic reservoir, and a farm in leading to a chance to drill.

So to be being told, there is a good chance it is happening soon, with major operator talks ongoing, is massive news for a tiny exploration company - try to trade it if you like, personally I am just holding, expecting that the market will buy the potential first, then react further on the reality - the current mcap is peanuts for the news we are being given