GDN 0.00% 1.7¢ golden state resources limited

new 14000000 dollar investor, page-9

  1. 2,988 Posts.
    Even if it were true - there is no way that GDN would drill another hole for 14 million, I would say with increased drilling costs and a kean desire to break their world record for most expensive on-shore well they would be looking at about $30mil minimum, perhaps $60 mil - of course by that time the SP would be about 1c and they would have issued another 2 billion shares to raise money to pay for the drilling blow-outs.
 
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