GDN management is now hoping for
* upgrade reserves report
* some advice on cost of pilot plant
* some advice on pipeline approval
* some advice on where they will get funding from.
The first point is the only good news opportunity for the company.
The second and third points are costly and they don't have money.
The fourth point probably will see a debt finance arrangement secured by the Golden Eagle title. Good way to lose the title if no gas and income production.
Just a hint. The previous Reserves Report took around 1 month to complete. It appears RPS Energy was engaged around 10 August 2010 so it may be that the new report will be out in around 12 days.
GDN management is now hoping for * upgrade reserves report* some...
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)