UK 02:45 Tuesday, 3 November 2026
Breaking news and expert analysis on fast-moving AIM and LSE listed shares
Whilst it is great to see Gulfsands (GPX) rising on the back of recent news about a possible peace deal in Syria, I am far from convinced that such a large rise in share price is in any way justified at this point in time.
The free float in Gulfsands Petroleum (GPX) is tiny but - for a second time in recent weeks - it has today had to state that it knows of no reason for its share price roofing it. I should cocoa - the maths are insane.
Quelle surprise, the open offer of shares at 4p from Gulfsands Petroleum (GPX) is going to bomb. As someone who called the shares out as a sell at 111.75p to much derision from the Bulletin Board Morons who - of course knew far more about oil and shares than did a dumb alcoholic pizza boy - it is somewhat gratifying to see the shares now trading at 3.5p to 3.75p.
Last night, Gulfsands Petroleum (GPX) announced details of its long awaited $22million open offer. For long-term shareholders there wasn’t much to cheer about. At 4p, the best they can now hope for is to average down by taking up their 3.01 open offer shares and pray for a turnaround. But what chance is there of this?
As a long term bear from more than 100p down I note with grim satisfaction that following its latest admissions Gulfsands Petroleum (GPX) sees its shares at just 25p. I warned you. This is a tale of disgraceful boardroom antics as well as a cash crisis. I name the guilty men and have kind advice for both the new board and those investors who ignored me and listened to others and stayed on the shareholder list.
