The facts that remain for this stock time and time again are; Size of gas field being reported, the gas flow rates; and most importantly the volume of shares traded on any one given day. Would suggest there needs to be a very strong share volume to rise above those who just don?t see this going anywhere and day traders. If there are substantial field and flow figures released, we will see a dramatic initial increase, and this would likely be on volume we have never experienced on this stock before. If the volume hits anywhere near 50million on Tuesday we could easily see 7 - 8c breached. Have a feeling volume will be higher than that, with many people who were waiting on the sidelines watching, staking claim. Obviously on good news day traders will be en mass, with probably three massive positive days, before correction to find its feet again.
Once field value is factored into price, and analysis of how much money can be gained per well/flow rate, then this would be added to SP.
Obviously would help to see 2011 plan of attack - if they get the options money over the line, plus backed, receiving the full sum of money; then how many new holes will they drill? in what timeframe? Testing of Leadville from #PB2? This is the exciting stuff, that?s when we could experience 50c plus. Having had skin in the GDN game for quite a few years now, this announcement truly could be ?Make or break? for GDN.
The doubters of GDNOA will truly be tested this week. Based on past figures we could see the following happen;
GDN <3.5c GDNOA 0.001 to 0.002
GDN 3.5c to 4c GDNOA 0.002 to 0.003
GDN 4c to 5c GDNOA 0.003 to 0.006
GDN 5c to 6c GDNOA 0.006 to 0.008
GDN 6c to 7c GDNOA 0.008 to 0.01
GDN 7c to 8c GDNOA 0.01 to 0.012
GDN 8c to 9c GDNOA 0.012 to 0.015
GDN 9c to 10c GDNOA 0.015 to 0.02
GDN 10c to 11c GDNOA 0.02 to 0.03
GDN 11c to 12c GDNOA 0.03 to 0.04
GDN 12c to 13c GDNOA 0.035 to 0.045
GDN 13c to 14c GDNOA 0.045 to 0.055
GDN 14c to 15c GDNOA 0.055 to 0.065
GDN 15c to 20c GDNOA 0.065 to 10c
Lets see where we get to?.
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