This latest announcement could be interpreted many different ways depending on whos looking at it. The fracture has been completed and they are preparing to test the well...management keeping the market informed....good news. Interpreting it in a bad way....management have announced an unecessary anouncemnt to make it clear that they are close to some reults and "they COULD be good" in an attempt to ramp up the sp by giving those who are not sure about entry a kick in the backside saying "now or never" hurry up and buy before you miss the boat. Thats my take on it. I dont like it personally, it costs money to put out announcements and they have cost me plenty. Also past announcements have usually resulted in a dump unless it was an excellent one so why bother.
GDN Price at posting:
8.3¢ Sentiment: None Disclosure: Not Held