GDN golden state resources limited

little chat with ranko, page-21

  1. 974 Posts.
    Good to see Mods doing the right thing by the forum. Amazed that as soon as one discusses GDNs past exploits we get another newby suddenly on the aggression and ramp. Back to the forum - I have to disagree Datzy as the sale of WCU was just another bungle by management to find cash to supposed frit away on Golden and pay directors fees. It is part of GDNs abysmal history and there's plenty of other instances of blatant poor management. I am still waiting for someone to post something of relevance about GDN's assets. Other than a ever dwindling cash in the bank that will pay directors for the next two years, they currently have nothing and according to their latest report have nothing in the pipeline. If BLM took Golden off them, what makes anyone think they will ever give it back especially with so many experienced companies worldwide chasing potential tight gas field leases. They had their very expensive wasted bite at the cherry and I think you may find that it will be another comapny's lease in the near future. Only my opinion of course - but it seems to make far more sense than BLM "giving" them back the lease after they declined to renew GDNs offer. Anyone else have an opinion based on a little more than a blatant ramp??
 
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