GDN 0.00% 1.7¢ golden state resources limited

investigation, page-38

  1. 4,723 Posts.
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    Mopped up a heap of shares today - first trade in GDN ever. Don't really like the company from any fundamental perspective, and I really feel for shareholders (especially managements lack of transparency), but reading the h/copper antics and watching the sp fall it looks like a classic case of despair selling today.

    I believe they will remain liquid (some cash, WCU shares and possible??? I/O royalites) and will use the 2.2c low for the year as a tight sop loss point.

    Time will tell, but this mob have a habit of being able to resurrect themselves. Let see what the new year brings.

    Yonny
 
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