GDN 0.00% 1.7¢ golden state resources limited

exceprt from article in todays west australian

  1. 1,537 Posts.
    Hello punters

    This is just a small excerpt from the article this morning in The West Australian titled "Golden State team sitting on big gains". I don't have access to the online version so cannot show the full article here. If someone does, that would be great. I have only posted bits that I think are relevant. All I can say is, next week is going to be one hell of a week! :-)

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    While the well holds upside, some brokers are already nervous about the downside after the stock's fast run, saying the drilling results are still untested and inconclusive.

    State One stockbroking senior equities adviser Brendan Fogarty said: "It is an unknown, there is not enough reliable information to know where they are at."

    Mr. Sciano, an executive director, denied the company was being too bullish.

    He said stock exchange regulations required the company to release drilling reports every day but that investors took from the reports what they wanted.
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