GDN 0.00% 1.7¢ golden state resources limited

uranium drilling staus for thompson, page-37

  1. 15,276 Posts.
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    Who really knows wanty...

    The results from Leadville are far from bad...but clearly not definative enough for many holders to keep doing so.

    Sadly, the hit in Pinkerton Trail...a formation bounded by the same closure footprint as the Leadville target...has been completely unrecognised for it's significance.

    It is, in effect, as good as a Leadville hit...and if it were a Lisbon well, would equate to an upper percentile result for their Leadville targets.

    For some reason however, the market is either so transfixed on Leadville that it has completely missed this relevance...or, there is much more going on here than natural market forces.

    Certainly the selling does not equate to the facts...regardless of what the dweeb heads on here might suggest.

    Duster?

    lol...give me a break...these are the comments of uninformed, self appointed "experts"...this is already one of the most significant wells drilled in the region in years.

    Not one person who understands the nature of finds in this region, would suggest this well is anything but a significant result...but you don't have to believe me, just ask the guys on site with decades of industry experience, over 120 odd years between them, near 1000 holes to their names...

    "One of the most significant wells drilled in the US this year..."

    Or words to that effect!

    Anyway...in spite of all of this, the shares have been falling from recent highs, so something is clearly not quite right? But...as I have said...it would not be the first time a speculative stock traded with complete lack of relevance to inherent value.

    I have said several times since the sell-down...the best thing for all shareholders right now (those still holding of course...lol), would be for a news-induced significant gap-up scenario to lock out many of those "playing" this thing, along with the many temporaries who would have bailed on the sell-down intending to buy back in cheaper.

    Musical chairs here...but when the music starts up again, there may be far less chairs available than may have otherwise been the case...and they will likely be a lot higher up the hill.

    Interestingly also...I wonder how many are currently short this right now, either illegally or perhaps via "borrowed" stock...lol...would not like to be in their shoes! If so, watch the market crucify these people when it re-opens, pushing the stock unnaturally high until the shorters have to cover themselves and start buying back in again...at which point the market will sell back into them.

    May not be that many shorts about, so may not eventuate...and if they hold enough stock, they may well be able to knock on the head again...but do to so, they will have to sell even more stock, effectively putting themselves deeper in the poo should a rise ensue?

    Finally...I gather at this stage the company would be well aware of who has been "playing" with their stock...and who has not been?

    This could result in an interesting approach from the company in itself?

    Cheers!
 
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