With the recent movments in SP i was thinking about the options at $2. These are no doubt important to the company as a way of gaining captial for future drilling and for Rigs. So what need to happen for them to get exercised? Well the SP need to get itself moving big time right? How to do this? Easy answer is the Closed Loop Test getting done. How much will the company be pushing to get this done? they need a new pump from germany which will take time to bulid and ship and install. What im concerned about is that GDY will be so under the pump to get the SP up for the options that a corner may be cut somewhere. So many threads talk about how much it will cost to get the electricity going and the power lines, if they dont get these millions from the options thigns are not so easy. What other milestones have to chance to influence the SP like the closed loop before Feb 09? Thoughts please?
RNE Price at posting:
97.5¢ Sentiment: Buy Disclosure: Held
