GDN 0.00% 1.7¢ golden state resources limited

"Bonus stream" - that caught my eye too.It just goes to show how...

  1. 331 Posts.
    lightbulb Created with Sketch. 16
    "Bonus stream" - that caught my eye too.

    It just goes to show how low people's expectations are that to acutally getting some money from the $50-60m of exploration costs somehow constitutes a 'bonus'.

    So we can now add this to the list of announcements that have had zero impact on the SP. In that regard we now have:
    - Drilling results (no flow rates)
    - Reserves upgrade
    - IO royalties
    - ROW Approval

    So if the director's were thinking that these things, either individually or combined, would get the SP cranking then they are clearly misreading the market.

    Hope is not a strategy, but I see little evidence of the latter.

    -Disco


 
watchlist Created with Sketch. Add GDN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.