GDN - Golden State Resources

[sharemadder]

People we have a Paradox Basin 2 well application in the system So this proves they are reading our emails HAHA. Bring it on.

 43-019-31556-00-00
 GOLDEN EAGLE EXPLORATION, LLC
 PARADOX BASIN 2
 Oil Well
 New Permit (Not yet approved or drilled)

 

[DAZT49]

sharemadder,
Good snooping, cant see any dates, is there anyway of checking out when they made the application?
I think the permits only last for a year dont they?
daz

 

[sharemadder]

Hi Datz49

13th of September permit applied for. For GDN to state October for spudding Para#2 (ann earlier on) I believe that any conditions (right of ways etc) that had to be met must of be done already. Probably statutory obligations now (i.e. public notices in newspapers) before approval given.

Given there confidence also in securing rig it is probable late October for spudding (dependent on permit approval of course).

Once firmer dates are announced I think SP will break out on the usual predrill hype (I hope so).

I emailed them back and thanked them for the permit application :casanova: and said "now what about U prospectus update" LOL.

I'm very happy now the permit has been applied for.

Cheers

 

[DAZT49]

Sharemadder,
I am a bit shocked that the application was only made 2 days ago
Cant imagine that the permit will take less than 30 days for approval, so IMO they wont spud till ealy Nov.

 

[sharemadder]

Datz49

All I can think off is that any predrill conditions have been met. Also as pecora on HC said the well is only 1.6km from Para#1 and hence right of ways, water usages etc have already been dealt with under Para#1. In other words only new obstacles would of had to been attended to.

Cheers

 

[DAZT49]

Agree about pre drill information. They wouldnt have to reapply for other permits again.
Taking a while for final results from shut in of Para 1, it's got to be that if we stop expecting an ann, we won't be let down lol
ONE DAY all will be revealed (results para 1/Para 2/U spinoff/iron are/gold/oil/is there a god etc,etc,etc)
cheers
have a good weekend all.
daz

 

[shanty]

Would just like to add that I also received an informative response BUT would like to express my thanks to you chaps for your efforts on "our" behalf. "You good people you!" As a well known character once said.
Do have a great weekend

 

[sharemadder]

Hi guys, found this on the BLM web.

Daneros Mine Project environmental scoping started 12th of September. Looks like they are serious about getting the mine up and running.

ENVIRONMENTAL NOTIFICATION BULLETIN BOARD
Project Name: Daneros Mine Project
NEPA Log Number: UT-090-07-43
Field Office/Code: Monticello Field Office-UT090
Contact: Ted McDougall
Phone Number: 435-587-1512
File/Serial Number: UTU-74631
Document Type: Environmental Assessment

White Canyon Exploration, LLC (Operator) is proposing to reopen an old mine for the purpose of producing uranium ore. The operation would disturb less than five acres of surface, the majority of which has been disturbed by previous operations.

Status and Date of Action: Plan of Operations Completeness Review and EA Scoping started 9/12/2007

 

[DAZT49]

seems ,now that Para 1 is "finished" that they have got moving on permits etc.
I suppose Para 1 has been a bit all encompassing for them for the last year.
I would have thought that the u thing could have been started earlier, unless its a manpower issue.
Good snooping again maddy!! With good news too, I reckon they will have to get an ann out soon

 

[sting]

Datz is it good news when a director sells over 6 mill shares..is it the start of rats deserting the sinking ship???? I hope not

SEMPER UBI SUB UBI

 

[DAZT49]

sting,
I dont think its the start of armageddon lol
Maybe he needed the dough for a new Ferrari.
Seriously, I sent a "angry of Melbourne" email, so I am SURE he will answer.
He can, of course, do whatever he wants with his shares.
Maybe there is a change in directorship in the air, and he is selling now, before a good ann when the SP will rise.
That way he cant be in trouble with ASIC for insider trading.
Now there is a theory.

 

[bigdog]

Details of director selling in ASX ann who sold almost ALL of his ordinary shares in range of Sept 11 25 to 29 cents or minimum of $1.6 million

Richard this will not look VG if GDN has a bad announcement shortly with SP dropping!!!
-- Does GDN have governance rules for directors to follow when buying and selling shares??

17/09/2007 Change of Director`s Interest Notice
http://www.asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00759801

CHANGE OF DIRECTOR’S INTEREST NOTICE – APPENDIX 3Y
We attach an Appendix 3Y relating to a change in director’s interests for Mr Richard Sciano. In order to exercise options in the company and having regard to the taxation implications on the sale, Mr Sciano has sold 6,545,500 ordinary shares in the company at market prices. The trades were mostly achieved off - market.

Date of change - 11 September 2007

No. of securities held prior to change
Richard Sciano:
16,300 Ordinary Shares

By 4 Australia Pty Ltd:
1,170,000 Ordinary Shares

By Auctor Group Pty Ltd:

5,375,500 Ordinary Shares
2,300,000 Director Options Class C
2,300,000 Director Options Class D
2,300,000 Director Options Class E

 

[sharemadder]

Bigdog

One crucial thing in the ann you mentioned.

That was "In order to exercise options in the company and having regard to the taxation implications on the sale"

So what options is he talking about. The ones he still holds, does he intend to convert them or some other options maybe converted prior?

If its money into GDN's account, well whats wrong with that.

Regards capital raising I have always said this could be on the cards depending on how much money is left in the bank.

Cheers all.

 

[sharemadder]

Another great start to the day helped by a good close on the Dow.

This is obvious that there is support at about 25c which is good.

Now where's that capital raising, should be here soon

 

[DAZT49]

SM,
Pretty tight range of support /resistance. On my charts resistance at 26c is a real sticking point tho this doesn't reflect on buy/sell depth atm.
It is certainly being bought!!
I have sent off quite a few emails to GDN over the last few days,re anns of results/para 2 /u thing etc,unusual for me to take such action, as I appreciate that these things take time.
Cant get on to HC this morning, aer you having probs?
daz

 

[sharemadder]

Yeah cant get onto HC and now Comsec won't let me log on

I still believe GDN have bright future even though I would like some more changes such as a experienced Oil and Gas Engineer appointed to the board.

GDN have some excellent assets just the management style is not very good.

Still no ann yet on anything, damn

 

[DAZT49]

Heres another one of those triangle thingys I am so fond of lol
Solid resistance (26c) higher lows and dropping volume = breakout of resistance equal to the height of the triangle.
Its only minor, but in this case it would be a breakout of the 23c-25c bind we have been in for the last few days.
As usual IMO and DYOR.

 

[sharemadder]

Datz49

In regards to Paradox Basin #2 well application their is a comment made by BLM in comment section which says;

NEEDS EX LOC INFO & DESIGNATION OF OP FR WELLBORN SULLIVAN B&T:

You any good at interepting that?

 

[DAZT49]

sharemadder,
Why dont you email them (BLM) and ask?
You have had answers from them before havent you?

NEEDS EX LOC INFO & DESIGNATION OF OP FR WELLBORN SULLIVAN B&T:

Needs extra location information & designation of operation from Wellborn Sullivan Beer & Tchips???

 

[sharemadder]

Datz49

Comments regard Wellborn Sullivan are corporate lawyers who looking after the legal requirements / issues for the well.

Corporate Underwriter. Wellborn Sullivan

Located in the heart of Denver's financial district, Welborn Sullivan Meck & Tooley is a prominent Rocky Mountain law firm combining global experience with personal attention to provide comprehensive legal services related to business transactions, corporate law and finance, natural resources, and litigation.

821 Seventeenth Street, Suite 500
Denver, Colorado 80202
Tel: (303) 830-2500
Fax: (303) 832-2366
123 W. 1st Street, Suite 710
Casper, Wyoming 82601