The management changed from mineral exploration to oil/gas exploration like it was easy. This is not the case. They added uranium prospects, which look interesting at best.
Personally I feel let down as GDN announced commercial intervals when Para 1 was being drilled, when afterwards this was not the case. Other listed companies are a lot more careful in assessing drill hole intersections before the final testing which will assess whether a discovery is commercial.
The problem with the drilling contractors may indicate lack of experience in oil/gas exploration.
GDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
