Watso,Thanks for your detailed response.I think the valid point...

Watso,

Thanks for your detailed response.

I think the valid point here is it's all speculation. You admit you dont have enough information to make realistic judgement. I agree there is not enough information to make judgement. That's why its called exploratory drilling, to ascertain whether it is commercial. One thing though, companies are not out there drilling for the hell of it. Those involved, directors, shareholders are all hoping for success, so they wont be drilling areas they dont believe maximises the best chance of success.

At 6c, marketcap of GDA is $18mill. You say its too much, I say it puts GDA at the lower end of many speculative miners.

Me, I am now free-carried. Received my exercised shares today and was able to sell in to a free-carried state and a bit of cash to spare. Bottom draw for me now. Irrespective of your negativity towards this company, I believe they have a number of potential irons in the fire (pardon the pun) across different resources. If one hits pay dirt then I will do very handsomely out of it. If not, then it's just becomes another speculative of many to fail.