re: Ann: Quarterly Activities Report and Appe...
lol db - not sure where you got the idea, that watso bought the stock - watso has not bothered to double check his disclosure - but if he indicated that he is a holder, then that was a mistake - and watso can blame the $2 bottle from last weeks wine vintage (wow - that was a great vintage.
anyway - watso just pointing out the obvious - that the market cap of the company, is less than the money in the bank.
anyway - just some further thoughts ...
gda might be negotiating a deal with the new owners of the southern cross mill - if a deal is made, it will not be all that positive for gda. gda are going to the negotiating table with a resource, which is not proven (the reserve classification is only PROBABLE - damn it, it might not even be there).
the scenario that watso can see - is that the new owners of the mill will toss gda a million or two - and say - thanks for finding the stuff - but it is not proven, it is not permitted (ie mining lease) etc etc - but if we mine it, we will pay a decent royalty.
relative to the current share price - probably ok - but it is only a scenario
GDA Price at posting:
4.0¢ Sentiment: None Disclosure: Not Held
