The Speculator

We take up an entitlement for Golden Gate shares, and Minemakers launches a takeover.

PORTFOLIO POINT: We take up our one for seven entitlement in Golden Gate Petroleum’s share issue '¦ and Minemakers launches a takeover for affiliate UCL Resources.

Our West Texas oil developer Golden Gate Petroleum (GGP) has confirmed a fully-underwritten one-for-seven entitlement issue at 1.7¢ a share, to raise $4.5 million.


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