I struggle to see how you can come up with GDN not having much cash.
GDN have 1.2 million doallrs cash at hand. Plenty of money to go and prove up a resource.
Their last announcement stated they were in talks about JV some of their projectas to speed up development.
If your going to give a company a wrap atleast get the info right.
GDN are a nice looking spec gold stock. They have a tight share register with good prospects and cash to get them through their exploration programmes.
If a major comes on board then great but if they dont then no problem.
Cash and assets give them a backing of about 2 cents per share.
I have been buying GDN and more recently gdno for the past 8 weeks.
It has the potential to go to 10 cents plus quickly and from their who knows. But will need further drilling and good results.
Pattersons cleaned out a million in 1 hit last week from 3.8 to 4.4. Thye are fairly keen on the stock.
cheers Chooch...
GDN Price at posting:
0.0¢ Sentiment: None Disclosure: Held