I get that everyone's excited, and I hold stock too and I am not downramping..I am trying to give a dose of reality
there is nothing positive in this announcement, it's like sleight of hand..
IN THIS HAND "hey we got 1 mmcfd out of 2 wells, one of which we were reporting as 3mmcfd then 1.97mmcfd...it's taken us 4 years, tens of millions of dollars and huge dilutions"
...BUT over here
"we are going to be producers because we asked someone to give us a price to build a gas plant, also ...someone might lend us some money to do that"
100% owned gas field, but at the rate they produce gas and burn up costs...it's gonna be 100 years before we see a return
- Forums
- ASX - By Stock
- gdn is now a producer!!
I get that everyone's excited, and I hold stock too and I am not...
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