GDN 0.00% 1.7¢ golden state resources limited

IMO I simply can't understand why the SP has fallen on such...

  1. 37 Posts.
    IMO I simply can't understand why the SP has fallen on such positive news. Sure a hard decision was made to stop drilling at this point when they already have good gas to sell - why poor more money into drilling for getting more of what you already have in the bag. They can do this later but have decided to cash in on what they already have. How can this be a negative - I still think the options have some life since we already know they don't need to do much to connect to the delivery infrastructure based on previous comments and announcments. Looks like the holders on this are all short term traders with no vission for the future. Perhaps I am not seeing the problems that everybody else sees or think they see for GDN. Put simply, they have plenty of GAS, they have a well that works, and they have someone that is going to put a pipe to the well so they can start delivery. Why then is the SP falling ?

    Any rational comments welcome ?
 
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