GDN 0.00% 1.7¢ golden state resources limited

gdn quarterly

  1. 498 Posts.
    Wow what a quarterly, see they are still burning through cash even though not much is going on. The best part was there forward planning section. They state "we will utilise the period on evaluating the conclusion of a number of goals" really what about the period of 8months that the wells have been shut in, maybe that period would have been a good time while you were making money. Or the part about the deliverability study which is the case for full production "At this stage, the report does not immediately validate expected production volumes because of apparent inconsistencies" Maybe that is because they don't have enough date or simply not enough gas to flow for production.

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