GDN 0.00% 1.7¢ golden state resources limited

chartists , page-15

  1. 5,003 Posts.
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    Meanwhile over OBL people are buying stock like it is hot cakes (no pun intended) when the company is just about broke, and if they are really lucky MIGHT get native approval and a permit to drill at some point with no guarantee their partner will find anything so they could get a percentage of any revenue who knows when.

    Compared to GDN, they have 3 wells all confirming gas, 2 wells with commercial levels of flow rates requiring a rework prior to production and 1 new well with significant gas specifically designed to already contain the work the other two wells need, awaiting testing.

    True, OBL is a lot less diluted than GDN, but GDN have millions of dollars and 3 prospective wells in a 100% owned project.

    .055 cents is ridiculous IMO...

    Soon some junior oil/gas companies options will be worth more than GDN heads and they have nothing, nudda, nip.
 
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Currently unlisted public company.

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