lol - those cappers sure are working their magic, as gda is probably about the only gold stock that is down today. not that they should be considered a gold stock, except that they have some gold exploration targets. the company is sitting on a massive reserve of about 20,000 oz (of which gda have 70%). watso suggests that the treatment option that gda have suggested, for this deposit, is a bit flawed. sxg, to the south are thinking about treating laterites on site - but that all sits on the surface etc etc - but they also have about 100,000 oz at similar grades to gda at their buffalo deposit. watso cannot recall sxg, making any suggestion about treating the 2 gram dirt, on site - yet sxg are run by mining people. recently, they have also intersected some high grade stuff - and they have mentioned something about this being close to milling facilities (obviously the st barbara mill)
matchbox20 re
"Everyone is expecting an orebody of a few hundred thousand oz "
and who is expecting that - ????- the company has given up on the idea of finding anything of size - and indeed, have stated that they are looking for small footprint deposits.
so what if they find the odd 5000 oz deposit - by the time they find it, and the associated costs of discovery, mining etc, they will be lucky to break even - and in relation to the number of shares on issue, it will be really meaningless
watso congratulates the cappers, who have managed so brilliantly to keep the price down. the other stock, which is also being brilliantly suppressed is mxr - obviously so the cappers can pick up more stock
GDA Price at posting:
4.7¢ Sentiment: Sell Disclosure: Not Held