Spending cash on any exploration is all wishful thinking until you prove a resource.
Very few exploration projects become commercial developments. Maybe 1 in 100. Billions are spent for no result.
GDN has already spent about $40 million on P1 and P2. A lot of that is Directors fees too.
Listed companies are exploring with other peoples money - not their own private cash.
Losing money doesn't matter. Companies go back to the investor well for more cash.
That's what the games all about.
- Forums
- ASX - By Stock
- GDN
- still full steam ahead
still full steam ahead, page-38
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GDN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
RCE
RECCE PHARMACEUTICALS LTD
James Graham / Dr Alan Dunton, MD & CEO / Non-Executive Director
James Graham / Dr Alan Dunton
MD & CEO / Non-Executive Director
SPONSORED BY The Market Online