Holders of this stock have been oh so patient over the course of the last few months. Over the coming couple of weeks I think they will fall into 2 categories:
1. Those who did not do much research or do not necessary understand what they have researched, who will take the opportunity to finally exit their positions at breakeven or slight profit.
OR
2. Those that have researched the project/company and are comfortable to hold for the big rewards which MAY flow through. I think that the maturity of the average GDN holder is such that the majority are now not the nervous nelly types which saw the SP saw-tooth between the peak of $1.26 and the low of 42c only about 1 week later. These traders will no doubt return to giuve some volatility but a large number of shares are now in safe hands, and the traders and more importantly new investors (big ones) will have to pay up to build up a decent stake.
As with everything, time will tell, but a fully charged leadville (that is CHOCKERS per T4P) will certainly see these share price levels well and truly left behind. 440bcf to 3 Tcf - you do the maths.... even 50bcf would support the current price..
I wonder how much is already in the bag from the first 5 levels of gas shows???
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
