GDN golden state resources limited

announcement, page-4

  1. 1,364 Posts.
    Hooray

    Someone with some brains

    Whippa you are onto it man

    This is the classic churn stock. This latest churn gives them a couple of ticks on their options.

    No Cash
    No Tangible Assets
    High Market Cap
    Heaps of paper
    Captial raising must be imenent

    However these guys did get $17.5million for one of the worst U floats of the last two years (Which GDN helped fund to get it up)

    So what if they get approval to drill another water well.

    The people who positioned themselves in the last placement have probably churned the lot out by now, so the options are either another quick cash up or a bottom draw long shot.

    IMO only

    DYOR
 
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Currently unlisted public company.

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