GDN 0.00% 1.7¢ golden state resources limited

life, page-10

  1. 277 Posts.
    Having just completed a small cap raising, my guess is that they will use existing capital to fund the early well costs. Then, when their WCU shares come out of escrow (in February, I think), they may sell down some of those to pay the remaining costs. ie I don't think there will be another cap raising for PB3.

    This is all conjecture as we don't know what the true cash position is as we have no visibility on the Wetherfords settlement.



    ***My sentiment is 'None'. I could not recommend this stock to anyone in good conscience. My hopes are high, but expectations are low. That happens when you have been burnt a couple of times...
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