re: why are the oppies going down? They were over priced.When...

re: why are the oppies going down? They were over priced.

When GDN last time ran to 6 cents gdno managed to get to 2 cents.

This time GDN reaches 5 and the oppies traded at 1.7 to 1.8. At that price traders were/are a little over zealous. Gdn will need to breach 5 cents for the oppies to make another move up.

Expect GDNO to lag GDN for some time. Once GDN make public what GAS project they are looking at and at what price they will have to pay to be involved, then GDN will move upwards if the deal is accepted by the market as a good deal or downward if they pay a hefty price.

If they pay a hefty price then expect the oppies to get trashed below 1 cent.

GDN I have traded several times. GDNO i have accumulated under .007 at different times and sell em out at the 1.5 to 1.6 area.

I will relook at GDN GDNO once the detail of this deal are made known. If before then GDN retreats to low 4's then a buy back in maybe.