"I tried to alert GDN holders earlier about GDN's extremely poor cash position, but again I note with much dismay that despite all their capital raising and selling off of WCU etc, GDN only holds $202,247 cash in the kitty."
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av, your dismay at the cash position amuses me - we are not talking Woodside here lol.
Show me another few species which have proved up a gas resource such as Golden Eagle without serious debt with cash positive in the bank.
If you have a house perhaps you have a daily cry about your debt, that your cash in the bank is less than the amount you owe - your conclusion, I must be going bankrupt lol!
GDN have done outstanding with regard to the financial position up to this point. AND it won't be a crime to have to get funds from somewhere before further development.
Perhaps you could be appointed as financial advisor and advise to sell off the farm for a pittance or invite future insolvency with acquisition of major debt at high interest rates
DYOR MOHO.
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