GDN 0.00% 1.7¢ golden state resources limited

could this go sub 10c today?, page-26

  1. 10,411 Posts.
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    imo the drill hole has corkscrewed offline through the cemented fault and into the upthrown block. Given we are seeing no gas on this side it is unlikey that Leadville and Pinkerton will have gas either. This doesn't mean that the gas isn't there they've just missed the target !! probably by about 50 - 100m and more as we go deeper. They need to back up and wedge off imo. Still a chance though below the salt though if fault is not as cemented...
 
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