IMO you only need to go so far as looking at the tone of today's announcement to work out that a placement is imminent.
The new gas zone which just so happened to be the highest reading to-date was played down for my liking.
Immediately after the highlights in today's announcement came this:
"The directors of Golden State Resources are very pleased to report that the 8½" section..........bla, bla, bla..."
Who gives a rat's you know what about the diameter of the hole. What about admitting that the new gas show is 42% stronger and over 100% wider than the previous best intersection.
Sure Richard, I bet the ones taking the next placement will also be very pleased!!!
GDN Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
