If GDN is in having there resources assessed by RPS and this is what this trading halt is about, the question I have is
How accurate a reflection will this report be since it will be based on the information that they have gathered from only 3 wells. If there were more wells then this appraisal would have a larger sample of data to base the calculations off. can we assume on Tuesday when this report is released and the appraisal is some what 'significant' could there actually be more resources down there then what is actually stated and reported?
having the resources is one thing this may be good for the balance sheets and recorded as assets but will they have enough money and a feasable plan to get the resources out of the ground and convert them into cash?
thoughts welcome.
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