GDN 0.00% 1.7¢ golden state resources limited

ahh, the classic hc stock gdn, page-82

  1. 23,992 Posts.
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    Absolutely no emotion whatsoever. I wouldn't make this post, but need to clarify my thoughts.

    Watching the trading and selling patterns, sell keeps getting loaded at 19.5 every time it keeps diminishing and I'm suspecting some biggies unloading.

    Hedging my bet with some hold still in options AND heads, but reduced hold to a level where I'm prepared to take the loss on the chin.

    Also had a conversation with someone re the ann.......
    Would like poachUs's opinion on the below.
    This is what I heard that encouraged me to think back to doubts on management tactics in the past and the 'leopard never changes its spots' scenario - plus emails with queries go unanswered, as do phone calls to the company from many holders:

    I would be VERY careful, this last report is crap, you NEVER drill out the float collar and the casing shoe with a PDC bit, so the story about the extra bit trip is all BS, what your mud man said is true, if we wanted to ramp up the SP we would POOH(pull out of the hole) real fast, this works like a big plunger in the hole the bit gets muck on top of it and as you come up the bit will create a vacuum below the bit, this will suck in any gas in the hole, then when you go back to drilling you will have heaps of trip gas.
    I'm not saying they're doing this, but it's possible




 
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