no brainer- going much higher?, page-19

CIBirdman, you need to understand dilution. If the sp is firmly above 12c, say 15c on 21 Nov, then 380m option holders will cough up 12c to the company and convert their oppoes into shares, doubling the number of shares on issue, halving the value of the 420m shares already out there. PB3 would have to be stupendous, it'd have to blow like the BP rig, to make the sp go over 12c by Nov 21st.

zmans, 4 months is newbie status for GDN. They've had PB1 "finished" for three years now and they still haven't done a proper flow test. But in GDN's time scales, that's not unusual. You are not yet sufficiently versed in GDNspeak to interpret the announcement if you think today's was good news.