GDN 0.00% 1.7¢ golden state resources limited

puzzle time, page-3

  1. 1,585 Posts.
    true.. chit chat on HC and making assumptions won't change the result. or timing.

    but i think it fits very nicely. if we ignore the barker creek bit from wally's post. (or maybe a bluffing from the management?)

    my picture is...

    - have finished the testing on pinkerton. but very tight hole. may need fracturing or pumping to get the gas out.

    - currently testing the alkali. will be finished within next 10~20 hours.

    - and then will move up to the barker. perforation will start within 30 hours.

    - since pinkerton result's poor for whatever reason, management didn't want to make an announcement with pinkerton result alone.

    - management was gonna release the result of pinkerton and alkali together to make it look better.

    - market didn't like the delay and started dumping

    - shareholders made 100s of phone calls.

    - made an early announcement today with just a status report. not the flow test result.

    what do you think?
    could it be what has happened?
 
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