GDN 0.00% 1.7¢ golden state resources limited

def strange... my feeling is that this is part of the marketing...

  1. 205 Posts.
    def strange... my feeling is that this is part of the marketing plan (so somewhat gutted that it isn't more tangible), like gas or weatherfords.

    Post broker roadshow, I think this is just a flag to give the market time to get set.

    I doubt that this hype is to deem para 1 and the project not commercial. However, if it's positive it may give the type of appraisal that'll support a re-rating of the SP based on "what if" scenarios using market cap, field size and gas readings from para 1.

    If it says $1+ based on successful para 2 finds, piping plans and ability to get revenues by later this year - it may be enough to shake nervousness and get this over the .001 increments at least.

    If nothing else it could set the scene to sell this as a takeover potential?

    Dunno, just thinking out loud.
 
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