Though long and hard about the GDN action of late. My summary and all IMHO:
- Gas shows are not in the range of 000's - Past successful finds ended in water issues with both #1 and #2 to even if they hit 10'000 units of gas (100%) I think the market WONT be happy until we see successful production testing without water issues. - I think conspiracy theories are not warranted and that business is business. If some instos are offloading it is purely a risk adverse move to lock in some gains whilst the buying is there. There is no emotion, pure tactic so I dont believe for a minute someone is selling based on revenge. - Current bull run takes money from species into blue chips that are performing very very well. I think there will be a switch very soon to work the profits from the blueys. GDN is not alone with decreasing share value on positive news. I find an occasional down DOW day (less that 80 points) is a good thing for AU species. - The share register is getting very evenly distributed and that the wall of sells will dry up soon enough. - Last but not least, when all doubt is removed from GDNs relationship with Mr H2O nothing will be able to stop this share from taking off in a major way ...other than global nuclear warfare :)
GDN Price at posting:
12.8¢ Sentiment: Buy Disclosure: Held
