slow steady rise from here you would think ... some bigger buyers are soaking the heads ... next time the dow pops, so does gdn ...
what do we have in our favour now
1. gas price rising .. defensive play with revenue 2. 100% owned field; wells in place paid for. no substantial debt. 3. likely para 3 well producing minimum 3mmcd 4. potential for upside from other zones in para3 5. para1 likely to add to that figure immediately 6. pipeline runs past front door 7. obama inquiry into offshore o&g to ensure bias towards onshore gas 8. obama greenhouse targets set to result in boas to gas 9 aussie dollar stablises around .83 means more dollars to pay costs back home 10. gdn a takeover target 11. floor price under gdn's marketcap now 12. options may yet offer cash to ensure 10+ well production 13. para2 could yet offer sidetrack option and cheap test of leadville limestone -- bluesky 14. allegra clients almost out - 15million to go by my reckoning. 15. roadshows etc yet to sell the story. 16. no super profits tax
GDN Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held