GDN 0.00% 1.7¢ golden state resources limited

notice recieved, page-34

  1. 205 Posts.
    def strange... my feeling is that this is part of the marketing plan (so somewhat gutted that it isn't more tangible), like gas or weatherfords.

    Post broker roadshow, I think this is just a flag to give the market time to get set.

    I doubt that this hype is to deem para 1 and the project not commercial. However, if it's positive it may give the type of appraisal that'll support a re-rating of the SP based on "what if" scenarios using market cap, field size and gas readings from para 1.

    If it says $1+ based on successful para 2 finds, piping plans and ability to get revenues by later this year - it may be enough to shake nervousness and get this over the .001 increments at least.

    If nothing else it could set the scene to sell this as a takeover potential?

    Dunno, just thinking out loud.
 
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