GDN golden state resources limited

great support, page-4

  1. 498 Posts.
    They may have turned the corner, but just hope it isn't a bus around the corner that runs them over. I would not say they have turned the corner, only the drill bit will tell you that and if the assets they aquired were worth it in the end. If they drill this well and come up with nothing were will they be, sub 1c and if they do hit how much gas do they need to push this higher even to 5c with the shares on issue? Go back and look when they drilled the last well in Golden Eagle not even that hype could save them in fact the price went backwards during drilling. Time will tell, but just be careful and I wouldn't say they have proved anything or turned a corner until that drill bit is done.
 
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