would expect some news very soon (perhaps after xmas....)
should get updated results on PB#1 workover... depth guages have been put into place, some of the very encouraging zones have been reperforated. Information received from the guages will assist Rick in determining the extent of the reservoir.. These zones are at approx 9,000 to 10,000 feet...
Also anticipate some development on funding.. should be getting close to setting a date for Extraordinary General Meeting so that shareholders can vote to approve the proposed funding facility.
And lastly we are due some news on the deep drill rig contract for PB # 2...ie maybe confirmation that contract signed and timeframe for mobilisation of rig. (PB#2 is still the main game- this is where we will get another chance to test the primary Leadville Formation target)
GDN Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held