sensible discussion mon morning, page-2

This sounds good - a sensible discussion

News will be pre open Tuesday morning as that ties in with 2nd July US time. Will be big pre-open tomorrow as punters try and take a position.

Uranium results will see the share price pushed up to around 60 cents, with conversion of all the options - then throw the gas in and bingo we will be sitting 80 - 1.20 end of this week.

Depending on the entitlement date for U will see a surge in share price and then a decrease once entitlement date has passed.

Announcement of second well mid July will further assist.

My opinion re the gas will be 30k cashflow per day - (maybe even lower 20K) however this will more than pay for the pipeline and subsequently GDN will have substantial cash to apply to second well. Let us hope for no 21m cost.

Uranium will be in production first quarter 2008 (calendar) and this will further strengthen GDN position. Arguments against this date however more than willing to debate why this can occur.

Wally