It just goes to show how low people's expectations are that to acutally getting some money from the $50-60m of exploration costs somehow constitutes a 'bonus'.
So we can now add this to the list of announcements that have had zero impact on the SP. In that regard we now have: - Drilling results (no flow rates) - Reserves upgrade - IO royalties - ROW Approval
So if the director's were thinking that these things, either individually or combined, would get the SP cranking then they are clearly misreading the market.
Hope is not a strategy, but I see little evidence of the latter.
-Disco
GDN Price at posting:
7.0¢ Sentiment: None Disclosure: Held