"they certainly have not shown any undue haste at fraccing and...

"they certainly have not shown any undue haste at fraccing and cleaning up the wells. you;d have to ask why not given the oppies could ensure the future of this company."
Blokes it all takes money and they have to wait until it is in the bank so they can spend it on the likes of fraccing etc.
Even if the oppies were in the momey now they will not get this money until excise date unless there was a huge margin and holders excised early to take advantage of the quick profit.
Does not hapen this way very often.
Remembermost oppies expire worthless......
Most holders leave it until the dying days to part with their cash to excise oppies!!!
So until then they have to raise cash and sell WCU stake, sell the iron project and then wait to get paid to have the cash to pay the bills to keep GDN alive.
Thus no huge rush to do anything as their hands are tied due to cash flow.
If they had the cash i'm sure they would have fracced the other zones by now.........