O-S-B, this stock according to many has the rightful label of mongrel dog attached to it. Why? because it has'nt got gas out of the ground after many promises.
On that basis, if I was a Instow or Broker I would NOT invest my clients' cash in GDN - not on promises, particularly if I think they duped me last time!
NOW, if they do get gas out of the ground, in any COMMERCIAL quantity - the stock of GDN is transformed into a low risk, low debt, high potential investment which will be one of the most attractive on the market for these two groups, to fill clients' requirements. Presto! many millions of shares required - not many available and sp will hit actual value and beyond - sp easily past oppy strike rate and we together with GDN are home.
Where sp is right now has no relationship to how much gas we will get - charts cannot reveal it and hysterics cannot reduce it - only good old independently confirmed PRODUCTION FLOW RATES.
Where #pb3 is right now - returning frac fluids, unless you have serious experience in the gas game you cannot judge within 2 or 3mmcfd where this puppy wil finish. You can make judgements of minimums from gas shows and prelim flow rates, but very difficult to guess top end - same chance as lottery - so you pick a reasonable figure above worst case - for me 2.5 - 3.5mmcfd
Hang on to your hat - IMHO - WE WILL GET COMMERCIAL GAS!!!
GDN Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
