a few nibbles this morning. i'd expect a few to start buying back in gdn with news pending on fraccing result.
a few things going in gdn's favour of late. bear in mind im presuming that para3 will be a producer in time.
1. no resource rent tax sky is falling effect on gdn. 2. aussie dollar fall against us good for a company about to produce gas in utah 3. offshore oil and gas under duress in us at the moment due to gulf spill. advanced onshore developments will do well in this period. 4. gas price climbing and futures suggest $5+ by years end. 5. placement away has taken any debt worries off the table 6. the large gas field across many square kms that appears to lie under gdn's land is still there. 7. next round of climate change talks underway soon. gas has to be a big part of the us response, given this time there has to be firmer results on forcing the cost of coal higher
GDN Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held
