U boy
i have never stated that GDN is a failure.
I disputed T4P's valuatiion of $2.65 on the U spin off.
My opinion on GDN however is that unless they have a massive find then it is probably over valued.
i dont know this for sure because we havent got any reserve figures yet.
I am unsure that one commercial well of a moderate size can justify an ongoing market cap of $120 million. But we cant know that for sure,
regards andrew
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