GDN
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0.00% 1.7¢ golden state resources limited

value of the 2 percent royalty , page-11

  1. jantimot
    30,924 Posts.
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    12/09/10
    07:28
    Post #: 7186755
    I think it more likely that the payment is non-refundable because, at the time of signing, there was little indication that GDN would be in a position to ever repay it. The money was required in part to settle debt, in part to fund well development. With no guarantee of any income, why would it be refundable?
    GDN Price at posting: 6.4¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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