Seriously people - have a good hard look at some of the things...

Seriously people - have a good hard look at some of the things you are saying.

On Monday the shares slid from Friday's close of 6.9 down to 6.3 on 10,998,100 shares

On Tuesday only 5,816,000 shares were traded within the range of 5.9-6.4

On Wednesday after finding out that nothing had happened in the previous two days (hence the low volume sell off) and with no clarity on when things would start again - the shares traded a whopping 3,067,000 between 6.2-6.4

In summary the last 3 days have been a continuation of the a very illiquid period in the drilling campaign following the share price spike to 8 cents some 7 trading days ago.

The share price decline was as much to do with the lack of volume as it was to do with the lack of drilling activity.

When the activity is confirmed and the anticipation level resurected, the share price will move with the injection of volume.

GDN is a stock that gets traded and traded heavily. When the liquidity is not there, traders leave and concentrate on other stocks. Consequently when interest does return, and I am confident it will within the next couple of days, the stock usualy enjoys a stellar run.

The next phase of the drilling should involve multiple strikes and a constant anticipation of discovery and news flow.

Until we receive news that it has commenced, we wait and watch as small parcels change hands.

IMO
DYOR