ive been analysing asx listed u shares from every possible angle for a long time... and in that time, i have tracked their sp's against all types of anns and news eminating from the companies
in more recent times, i have also spent the last four days gathering all of the info i can about the utah area ; and the last three hours running some numbers on this gdn u ann.
my calcs almost mirrored yours... (were slightly more favourable)
posters please understand that early mine production potential from drilling-defined ore bodies is highly significant. that is the key.
imo, if this ann was released by any other co, i would imagine the sp to open around 90c tomorrow, and slowly rise from there in anticipation of confirming jorc numbers and expanding finds
however, if +ve gas testing results were released in the next week - and confirm the thoughts of many posters in this forum that the well is in fact commercial irrespective of it not meeting the upside 3tcf target, the sudden rise in sp would be significant
i currently hold some gdn shares
GDN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
