Ann: Placement of $2,500,000 to fund expanded drilling program, page-21

Yummy negative in the fact that about $1 million still needs to be paid for Cox’s find and further capital raisings will need to be made in the not to distant future just to stay afloat.
Another problem I see with GSN is that any substantial increase in the share price will be hampered with the conversion of options which will create further dilution.
To many fingers in to many different pies and no clear path or direction going forward.
Cox’s find has completely disappeared of the radar.
Mon Ami was meant to be shovel ready and bring in some cash flow but I suspect this was just a bit of background noice to suck in the punters.
Queensland well that’s still there but needs $’s which GSN has very little of and now the big new hope is Southern Star.
Like I said no clear path going forward and management chop and change their focus at the drop of a hat.