GDN 0.00% 1.7¢ golden state resources limited

proactive investor presentation - report, page-57

  1. 16 Posts.
    Tcf,

    It is great to see you provide some unpartial comments - not those negatives you did before. I believe the sudden share price jump/drop was purely because of the short term traders and could not see SP jump from 20 to 25 or 30. But they did not think if the company had continued to drill, where could they have the cash for that? --- Only one way - capital raising - that would be even worse than their commercial decision I believe!

    If you calculate the shares traded since the SP suddenly came off teh cliff, the total numbers would be minor - almost before the takeoff. Therefore, most anxious people are small share traders who bought at 20 and worried.

    My personal guess - I could see the gap to be filled few weeks and short term traders would jump in again. Once the test positive, all the possibilities would come....
 
watchlist Created with Sketch. Add GDN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.