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0.00% 1.7¢ golden state resources limited

crying :~( loosing alot of money with gdn, page-32

  1. Panda7
    10,412 Posts.
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    15/11/10
    14:48
    Post #: 7476436
    The well costs for a production well are probably about $5.5m. I'm thinking they'll annouce soon debt funding to the tune of about $15m which will be combined with the $2.5m cash to build pipe and plant and drill two more wells and fracs etc.

    They'll use the royalties as security.
    GDN Price at posting: 5.8¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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