GDN 0.00% 1.7¢ golden state resources limited

rick knows, page-2

  1. 19,875 Posts.
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    i have no doubt the rps upgrade will talk some huge numbers ... they may say the whole shebang is worth $500m dollars, but then again, unless they have a buyer to crystalise that or the market reacts then woopeydoo. at this stage there's no indication that the market places any value on gdn's assets at all. hoping they can break the shackles soon, but really they are leaving it a bit late. future of the company should have been assured by those oppies, instead its now a a millstone with another bunch of burned holders. not sure why they have ruled out selling the thing now. i think they should be getting fair value placed on a 50% stake. they could then get ops in the door, be cashed up and grow and expand the business in partnership. the 100% ownership thing is fine in theory, but while it bleeds like this the reality is a lowball offer could succeed.

 
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Currently unlisted public company.

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