watchout they are coming back, page-13

Fishing and beer,
The raising of debt has raised the risk but also raised the return. If they get good flow rates, the debt won't be a problem and there is less dilution than there otherwise would have been. If cash flows come on line, more debt may be available for non-dilutionary expansion. Of course the downside is that if they don't hit pay dirt, GDN will be in a spot of bother. Nevertheless, this hole is make or break for GDN (but like TSV hey???). I am still quite confident of success given the reasons outlined by colquhoun. I have exposure through fully paids and have added recently through options (which do mean some degree of dilution is inevitable however).