in all fairness, but gda is worth a punt - yeah, shock horror. a...

in all fairness, but gda is worth a punt - yeah, shock horror. a few years ago, a listing on the asx, was probably worth about $5m. gda will be a clean shell - with no debt, and a few dollars in the bank. the cash in the bank, would represent a good percentage of the market capitalization - but for a backdoor listing, there would be immediate market spread.

flogging off trig hill for $1.3m, was a good move.. the corunna downs deal was pretty good - after all, there was no way, that the company was going to raise money, from shareholders, for any meaningful exploration work.

for crying out aloud, but it is not a bad deal for gda holders, where gda get $1.13 per ton royalty, for every ton sold - in relation to the corunna downs tenements. ok - there might be nothing there - but gda do not have to spend the money, to prove that there is nothing there. even if gda spent the money, and could only find 20m tons, or 30m tons, then that would be useless to gda - but could be worth something to atlas - and would be worth $20m plus in royalty payments