WKTS WKTS ...if the options come on it's 550 mil shares on issue for GDN ...
lets not split hairs about the short term value of WCU to GDN...
the only point i wish to make is that GDN's holding in WCU is worth $30 mil if WCU hits $.66 ... same value as the current GDNO @ 30/06/09.
Two chances of receiving working capital puts them in a good position really.
wouldn't it be wonderful if they could bank both avenues !!
before these lines of revenue are exhausted i'd expect to see some guidence on the weatherfords settlement.
From what i can see niether company has a debt issue ??
For a long term view i'd like to point to the year high on GDN ...13/05/09... seems such a long time ago !!
wcu - mine approval given yesterday, page-12
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