Just a few observations when looking tin the mirror to Paradox 2.
1 April 2009 - Top of Paradox reached 10cents no mention of back ground gas
6 April 2009 - Gas kick to 621 at 10300 feet 11cents - background gase 20-80 units
7 April 2009 - Gas kicks of 398-787 units at 10,340 fee 16cents
7 April 2009 - Placement at 11 cents...................................................................
Now for those that are interested in where we are in the sequence - well we have just popped through the level encountered last year on the first of April.
This drill program mentions a gas kick already and increased back ground gas. At the same stage last year, there was no mention of background gas.
So once that drill bit starts punching on through the next 500 ft I guess its fair to say that the share price might also become. How do we say?..... ELEVATED
Importantly to note, the volumes traded preceding this point were below 10million per day. This is the point where volume and price started to go silly.
IMO DYOR
GDN Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held