GDA 1.67% 29.5¢ good drinks australia ltd

gr' light for iron ore project up there cazaly, page-21

  1. 21,227 Posts.
    ahhhhhh fatstocks

    watso has posted on this previously - but he cannot be bothered to look for the post

    however - a report from gda (feb 9), indicates that they have $600,000 worth of investments ( this was when caz were about 40c) - this would mean that gda had about 1.5m caz shares - and maybe they have continued to sell

    caz is a great story - but to indicate that gda have 2.4m shares in caz, is misleading. certainly they received that amount of shares - but they have also been selling the shares. who knows - but maybe they only have 1 m shares in caz, these days

    gda have a market cap of about $7m - and it could be, that the caz holding represents less than 10% of that - ie meaningless
 
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