Somehow I don't think these blokes will move on funding until the U float is over. I imagine the float has the pot. to lift the price back over 20 cents. The issue is is the commercial gas is there its still there and only drilling will resolve this question.
I don't think they will take a farm in. They have resisted before and remember after well 2 another player has the right to get involved. This may be too much for the management which wants it all - if its there.
At $us93/pound and preducted to go much higher over the next few months, the uranium may just be the savier if there is one.
The directors should have been kicking down the ASX doors re the IPO. It appears that they have had the IPO since May. I can't believe that can be the case.
GDN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
