GDN - Golden State Resources

[DAZT49]

sharemadder,
I just can't believe they wouldn't have the application in
I have defended management in the past, but they are starting to get on my goat:

 

[DAZT49]

I recieved this email, in answer to my email to GDN this am..
Dear........
I'm not sure what your motives are, but Marie McGann IS assessing our permit application. Unlike Australia, the BLM is able to be sued by the public. Any undue interest by members of the public might encourage excessive diligence by the BLM and the possibility that the permit may go to a public hearing, adding time to the permiting process.

If this is your objective then you will already know this, so I apologise for teaching you to suck eggs.

regards,

John Hasleby
Vice President - Exploration

Its great to see the attitude that the VP has to his shareholders, the ones paying for the project, and his renumeration.

 

[sharemadder]

ouch, JH is angry LOL.

If JH and RS did their job properly they wouldnt have shareholders chasing information for themselves.

Hell, the shareholders knew the APD for Para#2 was approved by the State Division a week before the company even announced it.

A tip for JH and RS in case they are reading this - more information and make that detailed!

JH grow up.

Datz49, I guess your not on the Xmas list now.

 

[DAZT49]

Maddy,
My blood has been boiling all day.
I did reply to his email, and managed, just, to keep my temper.
Dont think I will recieve a reply to that one.

 

[DAZT49]

He said
"Marie McGann IS assessing our permit application"
Well..
Her reply to me landed in my inbox at 7.44am this morning, why would she lie.
If the information was confidential, surely she would have said that.

 

[sharemadder]

Datz49

I would say that Marie has been in contact with JH and discussed why she is getting so many emails lately from GDN shareholders. Hence why JH has emailed you with a nasty reply and probably regurgitating what Marie said about "...public hearing...". Sounds like Marie may of said, "stop these annoying f$ckers contacting me or there will be serious delays..."

Anyway no stress its in hand.

GDN need to keep us regularly updated even if its just Permit progressing etc. Not make us wait a month without telling anyone what the progress is so we then have to start to do our own searching for information.

If shareholders are pissing JH off well he should start to share a little more regularly.

Cheers

 

[DAZT49]

I dont know whether to post my reply to him, it was quite reasonable as I didnt want to be too negative.
At the end I said..
I do, constructively, suggest that the announcements to the shareholders be more frequent and contain more information than currently occurs.
Yours faithfully
..
P.S. I choose to ignore your "suck eggs" comment.

 

[Jight]

Hi,
First time post so be easy on me
My question is that is it worth waiting?
I jumped in at 0.220 and it has been for at least 2 weeks, nothing but decline.
I know most of people here is waiting for the permit and some positive ann to come out.
Even if it does, how much revenue are we expecting does anyone know?
I made some profit on TLM last couple of days, but getting drag down by GDN as well
anyone really positive about the stock?
cheers
J'

 

[DAZT49]

jight,
You must have done some research before you bought in.
If you go back read a few months worth of posts on ASF I think you will get a feel for where we are at.
Am I positive about the stock? Yes.

 

[sharemadder]

Datz49

Heard anymore from JH regards your response to his email?

GDN SP now plunges until we get either Paradox well #2 is a goer or the U JV ann. Maybe 10c bottom before bounces. Good level to put a buy in.

Waiting again

Cheers

 

[new_trader1984]

Hi, has anyone looked at the top 20 holders for gdn between 2006 and 2007?

I was looking at the 3 different top 20 lists which has been released since march 2006. The latest top 20 which was in the annual report released last month there is 12 new holders including the top share holder which is comsec nominees who hold 5,882,720 shares.

ANZ nominees which were listed in a 2006 top 20 is in 3rd on the top 20 and have added another 2,899,141 shares to their holding to have a total of 3,841,239 shares. Silverstone investments were shareholders last year they had 936,667 shares and 666,667 options which if converted all options they would have 1603334 shares but by the 2007 top 20 they have 1,345,334 shares which means they sold 258000 shares or options but is still an increase in holdings of 408667 shares. They also currently still hold 2,000,000 more unlisted options too.

Having 12 new top 20 holders and 2 that increased their share holdings has to offer some confidence in the projects since all of those new top 20 holders have bought in between august 2006 and august 2007.

It would be good to know when some of these top 20 shareholders did buy the shares since it wasnt until may that the share price was under 50 cents in 2007 and a few days from october 2006 to January 2007 that it also went below 50 cents for a couple of days.

If any of those 12 new large holders bought between october and may they would have had to pay atleast twice the current share price.

Im not sure if any of those new holders have a good track record of investments, i have been told that they do seem to know what they are doing with their investments but then everyone can make a wrong choice too every so often.

Just thought to share my thoughts on the new top 20.

Dazt49, You seem to get replies from john, he hasnt responded to my emails over the last 12 months have you had any luck finding out if they plan to do any testing of the oil column?

Thanks.

 

[sharemadder]

NT1984 yeah checked that out when the annual report came out. Top 20 looks mighty strong. We need Para#2 to spud soon to give the SP a rally.

 

[DAZT49]

Sharmadder, nt,
No havent heard from JH since he told me to suck eggs.
IMO (lol) we SHOULD get some kind of an ann this week.
Marie Mcgann said 30 days minimum, which passed on the 15th Oct, also
we are lead to believe that there were no objections to the the application.
Cant see that the SP will slip to 10c if they get out an ann out, even if the ann only tells us that the aplicationj has been fully approved, it should get back to the low 20's and maybe higher if they can give a specific spud date
...........of course this is just a recurring dream I have.
Good luck this week, DJI down 360 pts...Aussie market will hopefully put up a battle, but I can see it having a big drop today.

 

[sharemadder]

Datz49

The GDN threads getting very quiet.

What can I say but :swear:

We await the BLM final authority for well approval. At least they said they didnt have any objections during the State process of approval.

Just waiting some more...

Cheers

 

[edorion]

long time reader... no time poster.
nice little move up now.
seller thinning out? or is something on the way?

also, is there any way of finding out the mean value of stocks ie: how many were purchased and still hold when the value was still 20+? I only ask as with GDN's drop bellow 20 you would think that people are taking losses... and a fairly large one considering the volumes.

 

[sharemadder]

Hi edorion

I think BLM have given final approvals in support of their letter to the State Utah Oil and Gas Division regards Para#2 well approval.

In GDN fashion though probably wont hear anything about it for ages LOL

Here's hoping anyway we get news soon.

Cheers

 

[nahman]

Hi edorion

I think BLM have given final approvals in support of their letter to the State Utah Oil and Gas Division regards Para#2 well approval.

In GDN fashion though probably wont hear anything about it for ages LOL

Here's hoping anyway we get news soon.

Cheers

Seems like something is definitely up large volume higher price than as of the late few weeks

 

[diddy]

Hey guys curious to what u guys think of this rally

Is this someone manipulating the share hold and by buying in big volume trades and creating a buying rally, then selling off the shares in smaller quantities for profit as ppl rally on expectation
or
Some information is unofficially floating around and we r none the wiser

Also u had those trades of like 100 shares per trade earlier in the week trying to keep the share price steady

 

[nahman]

Hey guys curious to what u guys think of this rally

Is this someone manipulating the share hold and by buying in big volume trades and creating a buying rally, then selling off the shares in smaller quantities for profit as ppl rally on expectation
or
Some information is unofficially floating around and we r none the wiser

Also u had those trades of like 100 shares per trade earlier in the week trying to keep the share price steady

Most likely both, there has been some funny trades as well:

Buyers
Number Quantity Price
5 999994 0.190
7 391145 0.185
6 419354 0.180
9 695000 0.175

Sellers
Price Quantity Number
0.195 100000 1
0.200 508784 16
0.205 336284 10

Last 10 Trades
Time Price Quantity
02:25:18 PM 0.190 3
02:25:18 PM 0.195 100,000
02:25:14 PM 0.190 2
02:25:09 PM 0.190 1
02:23:56 PM 0.195 4,709
02:23:56 PM 0.195 45,291
02:23:39 PM 0.195 10,000
02:22:26 PM 0.195 44,709
02:22:26 PM 0.195 50,000
02:22:26 PM 0.195 15,000

Bollinger bands been slightly tightening too, there is a possible breakout providing theres some worthy news, however might be too early to speculate.
Almost 10 million in volume as well.
Exciting stuff!!

 

[DAZT49]

Bloody hell, Ive been siiting here for days/weeks waiting for something to happen and when i go out for 2 hours I miss everything
About 8 mill sales after 1 pm.
Ann due??? I doubt it, given the p*ss poor record.