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GDN - Golden State Resources

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This stock is looking more and more bearish. Sometimes you gotta know when to hold em and when to fold em. Looks like it might trend into the 20's in the next couple of days. Still can't work out why there was such a high conversion rate on the options, anywhos.
 
Isn't it still worth holding on for the time being given the priority for

shareholders on the forthcoming U float?
 
redandgreen said:
Isn't it still worth holding on for the time being given the priority for

shareholders on the forthcoming U float?
Click to expand...

I would be careful with this. A lot of shine has come off the u market and adding the word uranium doesn't mean an automatic 200 or 300 percent return. A lot of these companies are now trading around there intial ipo price and uranoz listed the other day below its issue price. I wont be taking up the entitlement, as i have sold out as i think the share price is heading south. Can't see anything in the short term which is going to break that trend.
 
...slept in!!... still trying to assess the results - really shocked as the previous pressure data looked really good - but the result is a low flow rate - pretty disappointing. Would they get a better result from a horizontal well? and what is the Bcf's???? Wish they would provide more details in the ann's
 
The difference with the u thing is that WILL be producing in 12-18 months, a lot of u companies wont be for years.
I am going to pick up the entitlements.
 
DAZT49 said:
The difference with the u thing is that WILL be producing in 12-18 months, a lot of u companies wont be for years.
I am going to pick up the entitlements.
Click to expand...

what is expected production and mine life for this Uranium spin off? I wonder how this will be priced before the float, they don't want to be too greedy and U is losing its lustre at the highly speculative end of the market. If they produce soon maybe that will improve their prospects. Thanks in advance.
 

because there was still 10c profit in the conversion of the oppies at 30c, and management was vague enough to leave doubt as to whether this could be a success. They postponed things long enough to leave option holders in the awful position of having to make a call without all the facts.
 
Not sure when the AGM is, but if it soonish this management is gunna get blasted.
I suppose, because they havent released any revision of the reserves, they still think the 440BCF-3TCF is still attainable.
My emotions are going up and down like a honeymooners prick.
 
DAZT49 said:
Not sure when the AGM is, but if it soonish this management is gunna get blasted.
Click to expand...

they're ex property developers, I am sure any criticism they receive from irate shareholders will be like water off a duck's back.
 
Broady..you shock me. I thought all PD's, Estate agents, used car salesmen and snake oil salesmen were as honest as the day is long ..lol
 
It could have been worse, they might have been lawyers!

It will be interesting to see the details of the U float.
 
Prospectus expected to be lodged at the end of July. Dont know if that will change now that there is an extra 14 days to pick entitlements.
Would think that it would be on time, given that they have the results.
 
..oh well... gents, I'm out... just seems there's too many downward pressures going forward in the short term... e.g. post entitlement due date reckon there'll probably be a rush for the door.. plus the well is only going to bring in at best $1m a year ... then the wait for the second well...

... will check in from time to time...and may get back in down the road... but in the mean time, dazza, broady, sandy,bigdog... all the best going forward...

CF
 
Chance......but what about those cigars??
Good luck for your future trading, thanks for your input and humour.
Dazza
P.S. I will give you one of MY cigars when GDN go thru $5..lol
 
So what the hell to we do now? Do not seem that they might have any good news for us any more in the near future! Tell you what this company have been doing that all the time back in 2001, there was the same story... it seems that no good will come out of them! Shizer back to 9-5 I suposse!
 
Am I last man standing.? Has everybody jumped ship? Have you slit your wrists/pulled the trigger/jumped???
I am amazed the u thing didnt do much to hold up the SP today.
At least after the intitial thump, it held around 32..33c for the rest of today.
hopefully the remaing layers to be fracced in Para1 can boost the commerciality of the well.
What about the oil?
 

Would you explain why you do hold on? Why do you think there still a chance after all historically the company's board proved us wrong all along.

Please explain!!!!!!
 
helpme...glad there is somebody still out there.
I spose we can make a million excuses to make us feel better.
Piss pour flow rate really crunched it I reckon, really needed to be up around 2.5-3mmcfsd and everyone would have been at least content..maybe.
 
Bit of an optimist Helpme, tho I did get my shares for cents not 10's50's $1.
If I had bought in at $1 I would be a screaming mess lol
Still think there is upside, market maybe overeacted,If the SP pulls back tomorrow it could be a sign that the selling has stopped.
I also think there will be world peace one day.
 

Lets hope that GDN good news aill come before the world peace!!!!! I'm still in till the bitter end!
 
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