I'm generally not one for conspiracy theories, but consider this: The Directors knew the gig was up early in the year. They knew that they had to prove commerciality to get the leases extended that that they could not do this. Importantly, they knew that they had someone to blame if the leases were not renewed - UTAH O&G. You can probably formulate the announcement in your head - "despite promising results and a thorough forward work plan...UTAH O&G have not renewed". In other words, "If only UTAH O&G had of granted the extension we'd be in Para #4 right now".
Anyway, with that excuse locked in some time in January RdB packs his bags, Messina is esetablished, and the way is paved for GDN to be de-listed. Meanwhile Sciano makes hay at Messina with GDN's old gold assets.
Just a thought...
Either that or they'll try and russel up the cash to Reworking PB1 or deepen P2 into Leadville.
-Disco
GDN Price at posting:
2.2¢ Sentiment: Sell Disclosure: Not Held
