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GDN - Golden State Resources

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Basically casing for another 5 to 7 days, then drilling for about another 7 days to TD, we should know what we have a few days after, so all up we'll hopefully have good results, if all goes right, about two weeks before christmas. This is what I have been told was said at the AGM.
 
Duly noted.

Any stock I see you trading I wont bother commenting on.
Over exhuberant noobs can learn their own lessons.
I'm certainly glad I replied to your private mail in the manner I did.

There are some very experienced people who take the time and effort to help out those who may not be in the same boat.
They dont have to do it.

If you want ASF to become a site full of theorists and would be's just continue to piss the real traders off.
 
tech/a said:
Duly noted.

Any stock I see you trading I wont bother commenting on.
Over exhuberant noobs can learn their own lessons.
I'm certainly glad I replied to your private mail in the manner I did.

There are some very experienced people who take the time and effort to help out those who may not be in the same boat.
They dont have to do it.

If you want ASF to become a site full of theorists and would be's just continue to piss the real traders off.
Click to expand...

Exactly.
Seriously, come on, respect guys.
 
constable said:
hook line and sinker! Hope your having a nice day tech! :)
Click to expand...
Tech/a this was said with "tongue in cheek" and with absolutely no disrespect intended. I was simply replying to your jibe that i was still playing with gdn ( and your point was taken ) Im sorry you have chosen to take offence instead of being a little lighthearted. I know i sit at this desk all day and i dont mind having a joke with people to break the monotony.
However i am dissapointed that a joke reguarding the esteem i hold u in (very high by the way) has been viewed out of context by yourself. I hope you can rethink your response in light of this! Sorry!
 
constable said:
Buggerising around with this Tech almighty, just put another k in my pocket! :)
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wrong move constable. You will never be able to day trade this share any more to close to the end result unless you sold of because you were not sure.
 
Mr Right said:
wrong move constable. You will never be able to day trade this share any more to close to the end result unless you sold of because you were not sure.
Click to expand...
Im still holding a small parcel have been for last two weeks!
 
tech/a said:
You guys still buggerising around with this?

There are other stocks going nuts out there!!!
Click to expand...


Dont see the word Constable in the above.
Ive answered your private mail--I'm done with this.
 
I Invested i this 18 months ago as a long term spec, and dumped early november at $1.05 before the $1.20 peak and the slide down to $45c.

Then day traded the stock for the next few weeks for some nice profits with all that movement.

I have now bought in again for the long term as this is gunna go !

I went to the AGM yesterday and geologist interpretation of the well so far seem to represent a feild very similar to Lisbon, and the extra unexpected gas shows in the Pinkerton were also very encouraging and will ensure even if the Leadville is dead, the well will most likely be commercial, and the next well will is located more central in the Pinkerton which has shown more potential than initially outlined in the Jan prospectus.

I like Mr Rights calculations based on a lower side of 1TCF.

Presentation at AGM yesterday quoted figures of "most likely" 550bcf, and "upside potential" 3tcf.

Many questions were asked on the production costs and timelines, re: access / pipes / work over rig etc. all answers confirmed ease of each of these.

Timeframe will depend on the success of the casing which is being hung from the bottom of the existing casing, quite difficult at 5km deep so the 5 to 7 day period before re drilling could push out, and also the change to a smaller drill bit will slow things down. so I reckon 20 days before drilling of the leadville is complete.

just in time for xmas. ;)


(no mention of wire line log results at the AGM - not sure why? any thoughts?)
 
Mr Right said:
This is what i think of GDN:

They will complete the drilling in the next week or so. So far they have aprox 100 million mcf which equates to $2.50 per share after capital and operating cost and taxes. They are preparing the well for production it will take up to four mounts to get it on line. Then they will start drilling the rest of the wells with 3 mounts for each well.

So the price of the share will be above $ 2.50 BY the completion of the well they have minimum 100 million already. some people are predicting 400 million mcf. which will probably get it above $7.00 a share.

I am thinking of selling after the completion of the well as it will drop nothing will be happening for 3 mounts at least.
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mr right - what is the timetable for the completion of the well? you also mentioned somewhere else that people close to the company are buying stock. How do you know? are you close to the co? thanks

thanks
 
patience..rewards will come...we hope. haha :)

They are actually looking quite good atm..just hanging around..people just holding waiting for the results and for drilling to recommence.
 
toc_bat said:
mr right - what is the timetable for the completion of the well? you also mentioned somewhere else that people close to the company are buying stock. How do you know? are you close to the co? thanks
thanks
Click to expand...
I think petty cash timetable looks good to me before Christmas?

No i am not close to the company but this is what i am hearing!
 
We should get new drilling status report tomorrow (Dec 4)

Reports have been weekly on Mondays lately

I am sure that there are many looking forward to ASX ANN about 10:00 AM AEST

I hold GDN
 
constable said:
Gdn has had a 50% retracement and a double bottom with a higher low id be interested in anyone elses analysis!
Click to expand...

Cons, again to me this looks allot like AUZ in that its forming a triangle after that stellar rise. But as Tech pointed out on AUZ, its drifting a bit.

A bit confused atm i must say. :confused:
 

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