GDN 0.00% 1.7¢ golden state resources limited

GDN options are NOT cheap relative to the shares. One would have...

  1. tcf
    6,862 Posts.
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    GDN options are NOT cheap relative to the shares. One would have to buy shares if buying anything.

    The issue to consider is "what if".

    What if there's commercial gas in Para 3. Answer a huge upside for shares and options and it is likely the options would not rise above 1 cent until the shares got to 8 cents. After that the options would multiply at a far higher % than the Shares. Options would then be preferred for multiple profit over shares.

    But if Para 3 come in a non commercial prospect then GDN will be slaughtered and the options will be .01 cent - thats if there is a buyer.

    The options are like backing a 100/1 winner at the races at this time. Good luck and only spend what you can afford to lose.
 
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