GDN golden state resources limited

closest to opening price tuesday comp, page-39

  1. 124 Posts.
    What is the point of a reserve upgrade if it's taken circa 4 years and zero production. Please go through all the previous company announcements. Why do u think management are so buddy with shareholders now. They realize they need the feel good factor and mug punters to save the shareprice. 1Mmcgpd from 2 wells just ain't going to cut it. Look at share price of following companies vs reserves. JPR, VIL, BCC, ROG etc. This is what am thinking.
    How long has it taken to get to this point and at what cost.
    Cash in hand.
    Previous successes (lack thereof)
    Experience of board compared to other oppertunities out there.
 
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