the asx needs to investigate gdn management, page-3

In response to Bullion2 - I think a lot of us are frustrated but just to respond to your points:
- There is new management.
- Presence of gas and some initial flow rates are confirmed.
- Paradox 3 is confirmed and awaiting permitting.

The main short-term risk is whether they have enough money in the bank to re-drill Paradox 1/3 without another dilutionary capital raising. The company is trying to debt fund the next well. If they can convince some financiers to debt fund project it will be a big tick for the viability of the entire field (i.e. they will only get it if the available information and reserves provide enough certainty and collateral). Who knows what will happen on this front.
Things are not great, but then this thing is trading at $16million market cap for a large potential resource estimated before lastest drilling by RPS at 78.9 bscf of 2P reserves and huge potential reserves. By the way, did they ever release the upgrade reserves estimates?

Anyone want to discuss what GDN's next move will be? Please no one-liners like 'bankruptcy', 'prison' etc.