GDN 0.00% 1.7¢ golden state resources limited

"It'd be nice to have holders that look forward rather than just...

  1. 331 Posts.
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    "It'd be nice to have holders that look forward rather than just remember the past".

    Past performance is the best predictor of future performance, and the performance over the last couple of years has hardly been sparkling.

    The reserves upgrade was NEVER going to give the SP a rocket. News on the pipline might have some effect, but doubts will linger about their ability extract the gas. So it won't have a huge effect either.

    News on a trip to Leadville and/or a big and near-term royaly stream from iron ore are the only things that might get the SP moving, I reckon. It sure won't be flow rates that gets things started as they don't have the cash to re-frac PB3.

    -Disco
 
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Currently unlisted public company.

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