GDN 0.00% 1.7¢ golden state resources limited

oppies have bottomed

  1. 19,167 Posts.
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    oppies appear to have bottomed (for now) ... buyers lobvbing now at .004 and there's only been the odd speculative push into the .003s.

    Given that you;d expect management to mount some sort of push these should be good for those buying this past week. The well would have to collapse for them not to make it back to .008 imho.

    mind you there'll be more oppies out there and they may not get any time premium going forward. so heads at .10 before sept is what oppies holders really need to get any sort of real leverage and churn.

    going to be interesting after tomorrow's end of year shenanigans ... roll on the good news i say now all are aboard and sorted. hopefully everyone (sophs, traders, LTs,) now pulling in the same direction.
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