kate 2:3:4:5, page-2

Ras – where did you get that information from ?

IMHO I think the chances of anything being up and running with Kate in the next 6-12 months are like the proverbial dog with no legs… going nowhere fast.

Greengate ran this thing well, offloaded a huge amount of risk to GGX plus he (Stacey Radford – GG) reorganized his share structure more times than he had hot dinners. If there is to be another drill it’ll no doubt be using his rig again, huge wait, re-negotiated terms, GGX may not even be at the party.

It wasn’t until I read that the rig was greengates that I realised why it had taken so long for the dam thing to be drilled.

Going forward the action for GGX is with some interesting permits with some “closeology”, some cash, only 100 million shares and some interesting people taking holdings. It’s low market cap is making it the proverbial “shell company” yet again. Wouldn’t be surprised to see more assets vended in.