re: market psychology and transparency(for emma /g If GDN sp keeps on drifting lower,GDN has only got themselves to blame.
Surely GDN must understand that they must keep the market informed even if it is a little spin doctoring.
From Emma's phone conversation they mentioned results of HJ and not releasing them until the next report!!!.Now either Emma misunderstood whoever she(he???) was speaking with which I dont believe is the case.I had a similar experience when I rang some 10 days or so ago and questioned them on whether due diligence by Easton had been completed.
What puzzles me is that GDN is quite happy to talk on the phone but when it comes to keeping the market informed they are like a blushing bride,keeping us in the dark and will not reveal their vital numbers!!!!.
Either GDN are like wildeyed innocent virgins walking through Alice in Wonderland or they brutally ignore us.Either way is simply not acceptable.
Gupper,I agree even if GDN gets a knock back from Easton they still have the leases on Leonora which of course raises an interesting question.
Will the lease still be worth 6 million dollars?.Perhaps the value was agreed between GDN and Easton without getting an independant party or parties to verify this.The announcement in Nov is strangely silent on this matter.I would have thought it would be a no-brainer and in the company's interest to employ a valuer to show the market that the company was diligent in getting a third independant opinion.
The final point is will the tenements in question still be worth 6 million if GDN needs to hawk it around next year if the Easton deal doesnot get consummated?.
Make your own decisions.
Cheers.
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