GDN 0.00% 1.7¢ golden state resources limited

THis is what I think :Todays ann states " These are issues to...

  1. 1,182 Posts.
    THis is what I think :

    Todays ann states " These are issues to resolve regarding the levels
    of confidence and method of presentation for the resource estimate
    data prepared within the USA "

    My view :
    1. If the "levels of confidence and method of presentation for the
    resource estimate" were poor within the original ann ( which ASX
    holds and not released yet) then it would have been fairly easy
    for ASX to dictate as to how to word the ann so as to give the
    picture.
    2. If the "levels of confidence and method of presentation for the
    resource estimate" - which I believe is the case - then this would
    mean the company go back and re check / re word and come back to
    ASX.

    Frankly speaking if the ann was poor, then ASX wont give a cr @p as
    GDN wud get smashed regardless if the ann was to be adjusted and made
    further poor.

    HOWEVER, with good news ASX want conformation. This is compounded/ may
    be compounded by the fact that GDN previously has has bad ann / words
    used.

    So, in the interest of the investors, ASX is ensuring that news is
    properly worded and backed up by proper calculations.

    I think this is Chockers - and in the mean time GDN is getting time to
    drill on ( if they have any money left that is )

    All this doesnt hold true if the company is insolvent tho.

    SO basically I feel ASX wants re re re re conformation of fantastic
    resource estimates from GDN.

 
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