They main risk here is what is the result of PB#1. No announcement this morning. Has water got in? If GDN had any credibility they wouldn't have let any trading this morning if it had.
They are testing with the old exploration well. I think if nothing has changed why wouldn't water get in. If it doesn't, it's a huge positive for GDN.
I would have spent the million or two on a deviation with a production well and kept it a lot simpler.
Anyhow good luck for everyone. I haven't taken the risk to date. I want to hear what has happened before re-entering after selling Friday afternooon
Cheers
GDN Price at posting:
5.1¢ Sentiment: None Disclosure: Not Held