GDN 0.00% 1.7¢ golden state resources limited

ahh, the classic hc stock gdn, page-22

  1. 186 Posts.
    why serial ?

    if i inject a bit of reality to this sub thread of hotcopper i'm shouted down. call me an idiot, a downramper, a fool, call me anything, why ? are you afraid of a bit of constructive criticism. am i ruining the ultimate game plan to pump this stock up.

    just lay the facts on the table and realise this is a spec stock. do you know what spec aka speculative means ?

    they have 1 hole, uncommercial super expensive.

    theyre drilling a 2nd hole with no evidence of it being commercial.

    compare this stock to CVN which struck oil in hole after hole after hole and had $71 million or so in the bank after 1 year of exploring with suprisingly uncomplicated drilling practices.

    also go look up the average gas/oil output from all wells in the USA. they have 100s of 1000s of wells putting out minimal oil and gas, thats how they produce so much, through shear volume of holes in the ground, not through spectacular reservoirs that are highly fractured and permiable with high oil/gas content. thats why the big boys are not playing where GDN are playing.

    sorry im downramping again
 
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Currently unlisted public company.

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