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Gulf Keystone - monies received but the cash is disappearing fast - its toast!

By Tom Winnifrith | Tuesday 8 March 2016


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Gulf Keystone (GKP) has announced that the $15 million gross it announced it was getting on 19 February has arrived which is good news. The bad news, and boy it really is bad news, is that cash post payment is just $56 million.


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