GDN golden state resources limited

if you were running the show, page-18

  1. 3,312 Posts.
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    This company is not done yet. They have 4 mill in the bank currently. That and their royalties alone would make them worth 2/3 of their current cap most likely. They also seem like they may have a flow.

    It is just that, if you believe it is over, WHY CONTINUE TO HOLD? You can get back 1/3 or 1/2 or 2/3 of your money. THAT IS A LOT OF MONEY. If you triple 1/3 of your initial investment you are back to where you started.

    You can quadruple or quintupple your '0' and it will still be a big fat '0'. If you dont believe in the technical or the fundamentals, sell!

    I personally belive the fundamentals are a 'chance' to get this off the ground, however I think management are terrible. If I have an important meeting at my work, I plan my holidays around it. I dont go to the tour de france and sip champagne while my company's AGM is on, even if only 20 people turn up.

    Someone on the other site was talking about how silly holders of the share are to not 'advertise' it, well how silly is management to not even turn up?

    AS I said before dont use this as a recommendation to buy or sell, because I have every intention to buy back in if this de-risks and stays at a low SP. As such i have no position nor a sentiment at this stage.
 
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Currently unlisted public company.

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