Initial income from production will not be very impressive so many more wells to be drilled to increase the field output.....All dependent on what flow rates they get if it is worthwhile spending the hug amounts of moolah needed and yet to be obtained by GDN..... "then potentialy a year, two or three before royalties would hopefully begin to kick in...." Hmm how many holders will be willing to hold a loss that long......So lots of selling pressure i would think on any SP improvement...... Now if the oppies get over the line and they have cash but still we will have lots more shares in the bucket!! The cash will not last long drilling well after well so we need really good income from production as well........ Very hard to tell what the future will be like for GDN.
GDN Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
