great support, page-2

lol, that is funny. Well the capital raising was at 1.8c, so I would assume it will have support at those levels since the sophs will want to see their money back +10% min. The question is when the actual SPP comes out will it stay above 1.8c so that the average shareholder can make their money back. Also the Sophs were given a free option per share at a meager 2c (exercisable) expiring in Jan 2015, however the shareholders once again were given nothing attached and capped at $1M, so more dilution even if you take up your full amount. Will be interesting to see how much the well cost will be in the Ukraine as GDN have averaged about $18M per well on the Golden Eagle and haven't come up trumps. They will now be pushing about $70M+ spent after this well and need a big discovery to even begin making money.