GDN 0.00% 1.7¢ golden state resources limited

dropped because...., page-5

  1. 1,417 Posts.
    lightbulb Created with Sketch. 35
    beijing101

    It doesn't have to be massive, just profitable.

    IF this well flows substantial gas with no water problems and the heads SP rises comfortably above 12 cents then $45 million in funding will come through the exercise of the options.

    I know there are a number of IF's and the knockers will talk about options just being for trading but I have been in companies before where all the options were exercised. It just depends whether this turns out to be just another speccy stock or a genuine gas producer.

    Only time will tell I guess but IMO funding is one of the least of the issues.
 
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.