GDN 0.00% 1.7¢ golden state resources limited

wakeup to gdn valuation, page-5

  1. 498 Posts.
    What i don't understand is why keep applying to drill new wells (Hence just poke holes in the ground). When they should really be doing a proper 3D on the field to find the best spots and bang for the buck. Managements way of doing things seem a bit backwards to me, I know they want the options in the money. It will be a tough sell to get them money, but maybe they should start with some buying of their own.
 
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Currently unlisted public company.

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