GDN 0.00% 1.7¢ golden state resources limited

gdn is now a producer!!, page-25

  1. 557 Posts.
    From a cash flow basis, even by using the most generous parameters, at 1.5mmcf and by using a PE of 8 to factor in the field.....you get a fraction under 2c per share value. The .5c per share for WCU is now being sunk as well.

    Not sure that Williams will fund the line either for this flow rate. It's definately not a buy at this stage.....hope it holds for all your sakes though.....but I've got a feeling there will be a lot of holders who will exit on this.
 
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Currently unlisted public company.

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