If they have almost completed piping recovery and in the course of repairing the casing, then this move will buy them almost another week to put out the next report eta next tues given that monday is labour day except WA.
then they can say, recovery complete, casing to be repaired 1 - 2 weeks until drilling commences
better than bringing out a report tmrw saying recovery almost complete casing to be repaired, unknown how long to repair, we need time to assess
Option 1 is the most likely and given that they have a history to put out reports that mixes positive and negative sentiment it would be in thier best interest not to scare off the share holders from here, unless its really bad
we are treading on the support line.
Also I have noticed not much volume. usually everyones ramping it before the expected recovery. this happened around the 13th -17th feb. then she crashes. A SP support tactic I suppose.
I suspect it will be positive opening after the halt at 75c - 90c in the next 2 weeks to come
any thoughts?
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
