GDN 0.00% 1.7¢ golden state resources limited

quarterly report due, page-10

  1. 2,988 Posts.
    This explains why your posts have suddenly taken a very negative spin 234 - you've done a "12" on us!

    Who knows what the SP will do. For me, the fact that they are milling is positive news as progress is likely to be more predictable, given that the fish is made of the same stuff all the way down and should drill at a similar rate.

    Yeah there are things that can go wrong, if not this would be a $3 stock at the moment. IMO the risks of this operation are more than factored into the current SP.

    Remember a 10% chance of a SP of $10 justifies a current SP of $1, and that is assuming a 90% chance of a SP of zero. Given that failure in this well will not leave a SP of zero due to other irons in the fire and that they are likely to be successful on a next drill, where they may elect to DST on higher levels and produce from those at significantly less cost.
 
watchlist Created with Sketch. Add GDN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.