GDN golden state resources limited

do dead ducks float???

  1. 974 Posts.
    Just posing that sometimes unanswered question:
    "Do dead ducks float?"
    The answer is no, so why is GDN still floating??
    The answer would be is that someones attached floaties.
    Bit cryptic for you still unbelievable believers.
    No Golden leases in Utah = no assets - everything already firesaled. Little or no money left in the bank but a remarkable $3.26mill on exploration last financial year on what?? Would love to see the invoice trail....
    Market for GDN in the last month has being balanced between boyant to pumped (2cents is very much a pump for GDN these days). Someone is holding the price up nicely with the buy line or jumping in to ensure it drops no further. Those sophisticated investors from the Big O need to get big value for their GDN 1cent purchase if they are going to invest in Messina. By my calcs they would have offloaded nearly 2/3 of their shares at 100% profit. I would anticipate there has been a little buy back pain to keep the market up, but hey, when your making 100% overall, a little pain is inconsequential.
    Many longtermers are free carried, or alternatively, see no real benefit in 1.7cents and still live the dream (just a little bit maybe, but with Mr D - still a lot).
    Rampers on the GDN thread - who as ever heard of such a thing?? Amazing that we still see new boys pop up on HC when a pump is occuring just to ramp this stock.
    So once this dead duck has fed the Big O sopisticated investors and Messina has its prospectus filled from the same host, who do you think is most likely to get the BLM nod, and which (or witch) hat has been worn in the negotiations?? GDN (dead duck) or Messina (soon to be cashed up!!) - which would be the better sell??
    Live the dream..........and watch the dead duck sink, or try and buy into Messina?? Sounds like a Messina ramp doesn't it - just sarcasm and definately only my opinion. But hey - GDN has never failed to not live up to expectations has it!! Failure, after failure, after failure, ditto ditto ditto!! Messina is the new Messiah surely......
 
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