Yup...on or before 22nd May 2009 - 15,400,000 Unlisted Directors Options expire.
These Options (before anyone asks) are exerciseable at 20 cents.
Thats why I believe that a more indepth logging is being done prior drilling on.
As has been mentioned...gas encounters have been close to double the Gas pay in feet in comparison to Para #1.
With a more detailed logging with porosity...etc...this could drive the SP much higher.
The SP being held around 14cents for so long is not natural, if it was a concerted sell....this puppy would tank under the weight. In my opinion, someone is shaking the tree.
GDN Price at posting:
13.5¢ Sentiment: ST Buy Disclosure: Held
