"Now this is a post that cuts through the bull and tells it the way it is. If that is a bit too real for some people, then you are either too emotionally attached to GDN like I was in PB1 or you have alterior motives."
So I have alterior motives? I don't think so Niban.
The upper zones from this well will most likely produce. Similar units as PB#1 in same zones. Independent experts have determined that.
Yes they haven't yet found a gas show in Alkali.
2 more targets in lower section to go.
But they have a muted 200 units in the lower section of Barker Creek (to be logged when well is at TD)
Yes, sp sold down and was always likely to be because of huge and I say huge overhang of cheap share issue at 11c and a huge amount of ST traders riding small % gains.
The well is not a dud mate, it has potential commercial pay zones, 3 off. Yes flow test is only way to prove that like any well.
Any trader who is in for ST expect extreme volatility in sp, this has always been the case. And investing in oppies, phew, if you can't afford it traders don't do it.
GDN Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held