re: Ann: Quarterly Activities Report and Appe...
a fair suck of the sauce bottle (or whatever)
the quarterly still comments about the 20,000 oz at buffalo (of which gda, have about 70%), and it is good to know, that
"Gondwana is currently assessing mining options to develop open resources at Buffalo".
sadly, nothing has changed in about 5 years, as this was the resource about 5 years ago, and 5 years ago, the company was also talking about mining at buffalo.
likewise, the company keeps on dragging out the high grade intercept at centenary - - which was first mentioned about 5 years ago.
unless the company can get a few tonnes, which are high enough in grade, to justify trucking the ore to the st barbara mill, then it is hard to see any gold recovery operations at parker range..
down to the last $250,000. it does seem that the company has sold $128,000 of equity investments (most likely some caz shares - maybe about 500,000 shares). also it seems that about $120,000 was raised from some holders converting options.
maybe the company has about 2m caz shares - so will they sell these, or go for a capital raising. a one for 2 issue at 2c would riase enough funds for the coming year
GDA Price at posting:
2.9¢ Sentiment: Sell Disclosure: Not Held
