gdn is now a producer!!, page-26

Hi Baliboy, thanks, and I've got to go out, but the main thing is that, so far, it is panning out as I thought it would. So I'm still not buying. As Beans said, I reckoned a maximum of 1mmcfd from P3, with 0.66mmcfd most probable based on a similar outcome to the way P1 developed, which finished at 0.34mmcfd. So if the total expected is 1, and P1 is 0.34, the P3 is 0.66!
Secondly, they are out of cash. I also said that they would probably have to sell WCU for $3m. Got that one wrong. BUT, if they'd sold WCU when the shares came out of escrow, they'd have got at least three times as much for them. And they were short of cash then, too, as they'd just raised the loan and had a couple of CR's since then.
There is heaps more wrong with what they say in that report, but enough for now.