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Chart Forum » Stocks - ASX: short term (strictly TA) » GRV_GREENVALE ENERGY LIMITED

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Username: tryhay

Post Number: 1700
Registered: 09-2005

Rating: N/A
Votes: 0

Tuesday, January 17, 2017 - 09:29 pm:Copy highlighted text to 'New Message' boxEdit Post Delete Post Print Post    View Post/Check IP (Moderator/Admin only) Ban Poster IP (Moderator/Admin only) Move Post (Moderator/Admin Only)

Scan shows GRV_GREENVALE ENERGY LIMITED is a likely Stan prospect.

Greenvale is an energy company focused on the discovery and exploitation of oil shale deposits (Not an activity that I believe has much merit but gas seems to be where our energy demand is at). Following the sale of two projects with former joint venture partner Queensland Energy Resources Limited, the Company has cash resources and is seeking out potential acquisition opportunities, both within Australia and abroad. The Company currently has one oil shale deposit being a 99.995% interest in Alpha located in Queensland, Australia.

Weekly chart: It is difficult to argue with the chart & some fundamental matters as well; taken from Quarterly Activities Report, ASX Release 16 January 2017
See chapter 19 for defined terms.
01/05/2010 Appendix 5B Page 2
Strategic direction and acquisitions
During the quarter, the Board continued to actively
assessed potential acquisition
opportunities in the exploration sector. An option
fee of $50,000 was paid for the right to
exclusivity of a certain asset and GRV is currently
seeking the necessary regulatory
approvals. The Company will make a further announc
ement as soon as information
comes to hand.


Happy trading DYOR

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