re: Ann: DEBT FUNDING AGREEMENT SECURED AND D...
Well said Moto !!
You wouldn't think that someone would lend $5 Million to someone else if he hadn't some faith and trust in this project.
Even after the last Friday's ann, here were people saying that they wouldn't buy because they would need to know more details about the funding...
Today we know :
1) That they are drilling PB#3 right now 2) That they will fund it without further Capital raising 3) That they are drilling in a field that they know much better now and where Gas has already been discovered. 4) That they have designed the well accordingly 5) That once the well produces, the Gas will be very quickly connected and income will start.
This is not poor ramping and I hope that people go throught the last annoucements in details instead of reading nonsense down ramping and try to analyse the facts. This is all quick and easy reading and the facts are all crystal clear to me.
philduc
GDN Price at posting:
12.0¢ Sentiment: ST Buy Disclosure: Held