GDN (we shareholders) already have a debt facility so no compelling anything required to access funds already in place.
As I suggested months ago the sale of the WCU asset was the logical source of additional finance. But to again sell this company's assets for "knock down" prices is not surprising and explains now why WCU stock has performed so poorly for a uranium producer. Management says 5 cents for WCU shares is fantastic. What do they think the WCU shares are worth? 1 cent?
WCU appears to be the buy because without GDN management influence they should fly.
Overall the result of posibly 1mmcf/d from P1 and P3 is surprisingly poor.
But poor outcomes are what we expect from these talk up directors.
And just take a look at the share price support for this great news if you object to what I'm saying.
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this is huge, page-7
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