Australias newest gold miner, page-10

Sell side is stacked with holders who purchased under 2c and are happy with the profit they will take. No one is going to stack the sell side when there are so many willing sellers.

Having said that there are quite a few gold "explorers" on the asx who are no where near making any money in the near term with similar market caps to gmd. Gmd is moving forward as they planned and will start generating cash soon. They have only presented a 4 month mining contract thus far to the market so it is understandable that we have not seen a massive re-rate on this news and they cannot control who sells the shares they hold.

All the ducks are starting to line up nicely and management has been doing what they set out to do so far- even though I thing they could do with the service of a good pr company to handle their market releases and this would generate more interest in this up and coming goldie.

Good work boys, keep doing it and we should be over 10c in the next 6-12 months which is a three bagger + from these levels.

Moy's stock was at the same sort of level last year and they are doing really well. Once money starts coming in it will open the opportunities at Viking which could hold a longer term project than this first punt...