uranium float, page-21

My feelings exactly JHird.

GDN bled dry by incompetent or dishonest delta drillers.

Now short of funds and unable to advance projects.

Will approach bankruptcy and only way of avoiding insolvency (and hence inability to pay Richard and John's inflated salaries) is to sell tenements to Delta.

Yes I do think there is gas there - but flow rates on paradox 1 ring alarm bells re: porosity. Given the high costs of drilling they should really be getting 5mmcf/d plus to justify it - lots of other drillers are getting that or better around the US.

I still have a small holding and hopefully it will get into the 40s with some mis-placed investor sentiment so I can get out at break-even.


Of course my posts aren't helping to bolster sentiment, though I'm quite happy for Richard and John's much bigger holdings to be down in the dumps as well.