GDN 0.00% 1.7¢ golden state resources limited

re: tenement sale cash - for artemis I suspect your later theory...

  1. 749 Posts.
    re: tenement sale cash - for artemis I suspect your later theory may be closer to the money, Artemis. Why would they sell an excellent prospect (Leonora) to provide cash to find another one? It makes more sense to look for a production option - or maybe Happy Jack is looking promising enough to warrant full-scale development to mining phase. Time will tell.

    Both theories offer postives IMO. I don't believe management would have sold simply for the pleasure of coins jingling in their pockets. Some strategy is afoot and it should emerge more clearly on the next announcement. Development of Happy Jack is my bet.

    I hold.

    R/Gupper
 
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