GDN 0.00% 1.7¢ golden state resources limited

The company's broker believes the current action is in complete...

  1. 1,714 Posts.
    lightbulb Created with Sketch. 117
    The company's broker believes the current action is in complete control of the daytraders who want the quick buck not the big buck.

    The company's program is to:
    1. go for cashflow - similar statement to that made by Walliska (not rocket science though).
    2. at 20-50 bcf in THIS well, the company has the acreage to sink 30-40 wells, which would take the prospect to 2.5tcf or so. This would result in a massive upside to ANY price paid by any holders to date.
    3. the company is targeting a find of company making proportions with a capital "M". They are taking their time and have hit a few hurdles, but rome wasn't built in a day.
    4. Institutional investors that are in are in for what they already have, and of course are hoping for a little cream. They are experienced in oil-gas exploration and have run the ruler over the company. They do not expect a 20 bagger in a matter of days!

    All in all, still positive, the announcements although sloppy are not negative, I hold for better days!
 
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.