GDN 0.00% 1.7¢ golden state resources limited

what?, page-22

  1. 10,429 Posts.
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    To be honest although the sp and general sentiment is depressing I'm very pleased with where the company is at. They haven't been in a better position imo. To give you an indication of the extremes the market can go to during Para#1 the market cap hit $170m without any flow testing or nothing just one wild cat well. Now they have $3m in cash 2 good wells (one in the crest) that are flowing gas (supposedly commercial) on minimal fraccing and the market is pricing the company at about $16.5m...for the people who say the market is always right I think GDN wouldn't count on that one.
 
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Currently unlisted public company.

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