Ann: Quarterly Activities Report and Appendix 5B , page-2

re: Ann: Quarterly Activities Report and Appe... a read through the money part of the report, and it could well be that the market value of the company is a lot less than the cash asset backing-- then throw in the value of the listing, and gda must be worth a punt.

gda have been thrown a life line, when some mob bought out the southern cross mine from st barbara - and the southern cross mill might be open for business. the other side of the coin is - why didn't gda do a deal, with the original operators (ie sbm), before they planned on closing down the mill.

watso hates to admit it, but there might be life, in this company for a short time. the market cap is only $1m - with a lot more in the bank