GDN
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0.00% 1.7¢ golden state resources limited

uranium float, page-15

  1. Neil_WA
    2,988 Posts.
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    05/01/08
    18:51
    Post #: 3213289
    I doubt the IPO will be successful. If it is undersubscribed then the underwriter is going to be dumping bigtime into any rally and I expect 10c to come along very soon. They don't have anywhere enough U to justify an investment. They need at least about 5 million pounds of high-grade resource just to break even and 15 million pounds to make any real money.
    GDN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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