Now the hype of the possible bonanza down deep has gone hopefully the share can settle down. I viewed last Friday as a hurdle (director options exercise date). We are now over that.
PB2 hype almost got the sp in a position to get the options over the line but the hype then undermined the reality of a co. in this sector.
Imo going forward in the next month the following will be key to move the sp
- settlement with Weatherfords - WCU getting their permit and subsequent sp - Estimates of Reserves
From their if they can get cashflow positive obviously PB3 will be looked at
GDN Price at posting:
8.0¢ Sentiment: None Disclosure: Held
