without trawling through past reports, but it is possible that the present trading halt/voluntary suspension is a FIRST for gda in at least 15 years.
there also seems to be some corporate activity - which is understandable , given the potential royalty/revenue stream from corrunna downs.
the share capital is ready for a massive increase, as the company raises funds to keep operating - after all, who knows how long into the future it will be , before the company gets royalties from the iron at corunna downs.
it would have to be almost with 90% certainty, that atlas will eventually mine the ore at corunna downs. the only question is "how much ore is there??". one thing for sure, is that there is presently heaps of iron ore, and even allowing for a 90% certainty of the ore being mined, that the present share price is justified.
just keep in mind the track record of the present management in relation to the company.
it is easy to understand how another company sees value in the company - but it is strange that atlas are not a player in the market
GDA Price at posting:
5.5¢ Sentiment: None Disclosure: Not Held
