Thursday, March 23, 2023 1:59:33 PM
Also, the seeming strength in the share price indicates that remaining shareholders may be growing immune to the various invitations to sell their shares at a discount.
Images in the crystal ball are again both fuzzy and intermittent, but indeed, a majority of the shareholders appear quite willing to wait it out.
To me, the overall impression is that, until the value of the stock rises to the point that sales do not result in discouraging losses, many shareholders might choose to move forward with GSPE stock and hopes of getting a drilling or production deal together. My perspective exactly.
To them this is a more desirable outcome than making a trade for a meaningless pittance and accepting the loss of principal.
How high will the share price need to rise to turn this around? I cannot in good conscience make a prediction. There is just no way to know with any credible level of certainty.
In my own estimation, based on the value of the proprietary software, the GOM lease, etc., I will say the current share price is still undervalued with room to roam.
I have no clues as to where many shareholders are willing to start trading. Some, such as myself, may even intend to hold out for prices much higher than this. I am trying to come to grips with the presumption that what we are experiencing now may become the new normal until then.
Partner news will easily get GSPE shares over the ‘increased prices’ threshold. Traders really should rally behind this outcome.
Which, as far as I can tell, returns us to the idea of ‘patience and perseverance’. And thoughts of the barrels of black gold at the end.
It has also occurred to me that, with the majority of remaining shareholders on the sidelines, current trades could be trader vs trader….
I find this interesting and look forward to witnessing how that interaction works out. My best guess is these groups are tougher targets than an uninformed investor. So, probably not helping out on either volumes or prices.
No one ever said it would be easy. Or quick.
Mrs. Smith
Recent GSPE News
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