Sunnyskies, if the price can move up really well on decent gas anns, they have $30million coming in by the end of June.
152,288,664 Listed Options exercisable at 20 cents each on or before 30 June 2009.
There might not need to be placements prior to that - but I don't know what there immediate expenses are and whether the last placement would have covered drilling costs until the oppies conversion money starts to come in.
GDN Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held