GDN golden state resources limited

entitlements, page-11

  1. 2,988 Posts.
    White canyon is a dud.

    If you were serious about a U investment in that neck of the woods BLR is a much, much better deal. 80 million pound JORC just released with 22 million pounds at high grades.

    This shows the potential of the region - but why buy into a company with no significant proven reserve (only $180m value NON-JORC = low level of confidence) at the same market cap as a company with a $7 billion PROVEN JORC resource (and likely further upgrades as drilling continues - potential maybe anything from 100 million to 200 million pounds), nearby mill and near-term production.

    I sold most of my remaining GDN yesterday and am not interested in the IPO - particularly given the directorship!

    GDN are now really really really stuffed, upgraded from just really really stuffed prior to the prospectus.

    With the money sitting idle on GDN you could invest in a SEA, PYM, or BUR - all US gas producers, that have done it correctly with farm-ins to many wells and regular accurate and realistic news flow - those three are all likely to be real 10-baggers and have real experienced oil and gas experts on their board or in senior management, not like the GDN sham.

    Sue - though your claims were often somewhat creative or wrong - you certainly saw these charlatans for what they truly are long before most did.
 
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