I don't mind if the share price doesn't immediately shoot up as I am more interested in the gas show for this well. I think it is a no brainer that a positive outcome with BP3 injects a lot of value to GDN going forward and the potenital value from 6.7 cents is at least 300% for subsequent completion for PB1 and PB2 in due course. It just becomes a matter of patience. If market won't rerate, then co will be taken over on 3 wells in production connected to national gas pipeline at current price or lower.
So go for it downrampers, doubters, at the end of the day a gas sale is a sale, and it doesn't give a toss what you think of a company as all invoices for produced gas will be paid, CASH, from the national gas pipeline running past the well.
GDN Price at posting:
13.4¢ Sentiment: Buy Disclosure: Held