placement at .11 for 7mil shares, page-51

koro - and anyone else who is just spitting the dummy without knowing why these placements are occuring.. go read the last two cashflow reports for GDN

in summary they are burning $4m cash a quarter to drill para #2. So GDN have to raise $4m every 3 months until they can get some cash flow to fund their future wells

what they plan to do is after para #2, they will get some debt to fund their future wells as well as cash flow from their two paras to date

farm in is possible and will only lift GDN's SP

So do the research... understand before you criticise. At the end of the day - GDN need cash to run their company.. the fact they can get it in these market conditions should speak volumes about their future prospects

enough from me. happy holding every1 !