GDN 0.00% 1.7¢ golden state resources limited

placement, page-76

  1. 1,514 Posts.
    Voka!,
    you still don't get it ?

    "6. This estimate assumes commercial flows from PB3."

    THey DONT HAVE COMMERCIAL FLOWS, only thing flowing is the water hence its been shutin for 6 months +, Heck they dont even have the money at this stage to extract the water let alone the pitiful gas they have found thus far in the 3 water wells.

    If your after or hoping for a 30c SP, then your definetly dreaming or just plain delusional, this isn't a downramp this is just me stating the facts.
    Ask yourself this... WHy HAVE they left pb#3 shut in since mid last year if its even a remote chance of being commercial!
 
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