GDN 0.00% 1.7¢ golden state resources limited

hope of announcement today, page-16

  1. 1,364 Posts.
    tcf,

    GDN went down, not because of the project status, but because there was no incentive for people to be buying (hence buyers for daytraders - T+3'rs).

    Changing drill bits and doing maintenance is all part of a drilling campaign, so surely the fickle nature of the stock is more to do with the amount of M&D punters waiting for a quick turn around rather than a technical or fundamental values associated with it.

    When the sellers dry up, the tide should start to turn. That should happen today as the expectation rises that drilling is preceding and those exciting levels are within hours of being reached.

    IMO
    DYOR
 
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