Australian (ASX) Stock Market Forum

GDN - Golden State Resources

Last ann' smells like interface to me, I'd spew to trip that string again without good reason................................ scuse me while I go and clean my rose coloured glasses
 
SevenFX said:
Hi MD.

Apart from your thoughts above, which always seem spot on (IMO), what weighting do you put on the XJO down 80pts along with the XSO, as most of my screen was RED.

IF the mining, small caps & all ords were bullish, I think the outcome would have been completely different, with buyers climbing over each other to get a slice of the pie.
It could have been - who knows? However, right at the moment all that is evident from the chart is big volumes pushing the price down whenever the price shows a bit of strength and then smaller volumes pushing the price back up.

I still read this as sellers overwhelming buyers at any time the price looks strong. If/when the sellers wanting to get out at breakeven dry up, then the short term situation may change, but then we move up to the next price level where the same scenario will play out again.
 
jtb said:
Last ann' smells like interface to me, I'd spew to trip that string again without good reason................................ scuse me while I go and clean my rose coloured glasses
I don't even know what you are saying.
 
Sorry mate, 'interface' is the transition from zones, geology can be messy at these points and that can be a sign. I wonder if a corresponding pressure spike didn't accompany some chips (that indicate they may be into target). Just personal bias but if'd just put a new bit down that hole I'd be dark on tripping out again without a good reason (ie: Excited geologists can be a hindrance). Superstitious, drillers can be and don't like mucking around on deep holes that are being good to you.
The boys pulling these levers seem to know what their doing, so I suspect they know something that wasn't in the announcement.

As I say, these glasses - they sometimes colour my perspective
 
jtb said:
Sorry mate, 'interface' is the transition from zones, geology can be messy at these points and that can be a sign. I wonder if a corresponding pressure spike didn't accompany some chips (that indicate they may be into target). Just personal bias but if'd just put a new bit down that hole I'd be dark on tripping out again without a good reason (ie: Excited geologists can be a hindrance). Superstitious, drillers can be and don't like mucking around on deep holes that are being good to you.
The boys pulling these levers seem to know what their doing, so I suspect they know something that wasn't in the announcement.

As I say, these glasses - they sometimes colour my perspective
Hi jtb, i get the jist of what your saying, but what do you mean by chips ....prefer bbq flavour myself!
 
constable said:
Hi jtb, i get the jist of what your saying, but what do you mean by chips ....prefer bbq flavour myself!

G'day mate, I'm an 'original' man myself but I was alluding to small pieces of leadville limestone appearing amongst the shales (present in the rock sample coming out of the hole).
 
This is a 1 min chart of the last few days of trading for GDN

If it trades below 79c then there will be resistance from these buyers at that level. If it trades above then support.
 

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If we don't get any ann today it is going to be a nail biting weekend, because
by Monday they will know alot more about what they have got and it will
either be too late to get in or out.
 
trader said:
If we don't get any ann today it is going to be a nail biting weekend, because
by Monday they will know alot more about what they have got and it will
either be too late to get in or out.
funny i'm sure i was thinking the same thing last weekend! :)
 
This is still a traders delight..but management have made it a bit harder for traders to guess when the message will be out. It was almost mechanical for them before...a drilling status report was released every 3 days right before trading begins. Traders would then buy in during the previous afternoon before the message was announced the following morning or buy directly after the message was announced pushing the sp up. They would then sell out soon after. Then 3 days later the same process would begin again.

The past couple of messages havnt followed this routine..so maybe management have realised their stock is heavily traded and are trying to get some of these traders out of their stock. I think we should get an update on how things are going..maybe within the next hour or two? I would like to know how its all progressing..but we may have to wait till monday. I'm sure its good though..you have to remain optimistic :)
 
tech/a said:
This is a 1 min chart of the last few days of trading for GDN

If it trades below 79c then there will be resistance from these buyers at that level. If it trades above then support.
Been trading above for the last 2 hours, as high as 85 cents, I think we have
support now.
 


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