Why would GDN look to place more shares? Could it be they are in fact getting short of money or they expect the full revovery and on drilling costs to be more than expected? Couldnt they last to the options expire
ANSWER Yes they will use the money to finish the well and for production
Why would professional investors place an extra $5 million in their hands if they did not believe it had potential?
ANSWER They only received a discount to the market of 7% so it must have some upside.
Why would they need to get CK Locke involved?
ANSWER They couldnt place all the required shares with either CK Locke or ACDS. Expect a new positive report from CK locke in the next week.
Why havent they released the results of the bore log tests?
ANSWER NO RESPONSE, Did the new investors see them?
I hold and am still optimistic but they need to improve their on the ground management and reporting!
GDN Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
