ggp set for take-off

I read yesterday a post here stating that when GGP have two producing wells under their belt they will be able to go to the large banks and secure a loan for future funding.

I also read this earlier today in the asx ann's for AUT -
Aurora Signs Credit Agreement US$300 Million Debt Facility
http://www.asx.com.au/asxpdf/20111108/pdf/422cxd9bnr55kb.pdf
This is a good read as hopefuly one day we'll be in a similar position :-)



Now I know we're not in the same league as AUT (yet) but even they had to start somewhere and probably we're a 2 cent stock years ago just like us.

The point I'm making here is that if the poster (sorry I can't remember who it was) is correct and we can go to the big banks after the first two wells are producing then this to me would explain a lot as in why SG only wanted $3m.
IMO this would be just about enough for GGP to finish the first 2 wells and get them on production and perthaps pay for some of the initial costs they're going to incurr from the other prospects about to be drilled.

If this is the case and they do ann a funding deal possibly later this year this would mean the end to CR's - then just watch this baby take off.

I think SG would be feeling very excited about his dilemma right now.

Discussion ?

Nige